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South Africa, Mozambique Exercise Right on Rompco Pipe Stake

South Africa and Mozambique exercised their pre-emptive rights to increase stakes in Sasol Ltd.’s Rompco gas pipeline, which runs between the countries, displacing an earlier deal. South Africa’s [...]

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Kenya’s Fusion Capital Raises Sh800mn to Complete Mall in Prime Area

Nairobi-based real estate developer Fusion Capital Limited has raised over US$8 million towards the completion of Greenwood City Mall, in Meru County in Kenya. The company, which doubles up as a [...]

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Interest in Fintech Picks up in Cameroon

Cameroon’s nascent fintech industry is gaining traction this year, a trend reflected by rising digital financial services adoption, considerable funding going towards paytech startups, and [...]

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Africell closes a $105 million loan facility

Africell, a fast-growing mobile network operator in Africa has closed a major commercial loan facility of $105 million for expansion in Africa. This financing is a syndicate from a leading group [...]

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BT to Buy Back 30% Interest in South African Unit from AEEI

BT (BT.A.L) intends to exercise a call option to repurchase a 30% stake in BT Communications Services South Africa from South Africa-based private equity firm African Equity Empowerment [...]

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Orange, AXA to Buy Majority Stake in Morocco’s DabaDoc

Orange and AXA SA have reached an agreement to acquire a majority stake in Moroccan health-tech company DabaDoc. The French telecommunications company said Monday that Orange Middle East and [...]

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Botswana’s $7.5 billion pension fund appoints South African administrator

GABORONE – Botswana’s Public Officers Pension Fund (BPOF), with 83 billion pula ($7.85 billion) in assets under management, has appointed South African advisory firm NMG Benefits to [...]

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Google launches programmes to support African SMEs

Tech-giant Google has launched a series of programmes that aim to support the growth and recovery of SMEs in Africa. The new initiative titled International Small Business Month will roll out [...]

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Metallon renews attempt to takeover Lekoil Nigeria assets

The Corporate news circle is rife with a story that Metallon Corporation Limited, a South African company has renewed her tantrums to take over the assets of Lekoil Nigeria Limited. This is in [...]

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Airtel Africa Sells Tower Portfolio in Tanzania for About $175m

Airtel Africa sells Airtel Tanzania’s tower portfolio to a joint venture owned by a subsidiary of SBA Communications Corporation as majority owner and by Paradigm Infrastructure Limited, [...]

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South Africa’s Shoprite sells Nigerian business to Ketron

Shoprite Holdings has sold its Nigerian business to local buyer Ketron Investment, it said on Wednesday, nearly 16 years after the South African retailer opened its first outlet in the country. [...]

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Eos Capital to buy solar and refrigeration company

PRIVATE equity fund manager Eos Capital (Pty) Ltd has entered an agreement to buy a solar and refrigeration company for an undisclosed amount. The company to be acquired is Utility Energy [...]