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Tiger Brands Ltd., a South African food producer, agreed to sell its 49% minority shareholding in UAC Foods Ltd. to parent UAC of Nigeria Plc. The purchase is expected to be completed in [...]

Democratic Republic of Congo (DRC) is set to review its $6 billion “infrastructure-for-minerals” contract with Chinese investors, citing concerns they are not sufficiently benefiting Congo. The [...]

Zambia’s Alinani Precious Metals (APM) has announced plans to build a Sh1 billion gold processing plant on Mombasa Road in Nairobi at a cost of Sh1 billion targeting artisanal miners. APM [...]

The Ghana Stock Exchange’s 10-year-old plan to sell its own shares to investors has moved closer to reality after the bourse appointed Accra-based advisers to handle the deal. SEM Capital [...]

Nigeria’s state oil company is considering an initial share sale after posting the first profit in its 44 year existence. Legislation signed by President Muhammadu Buhari this month enables the [...]

Less than a year after it entered into a strategic agreement with Atlas Mara to acquire its stake in Banque Populaire du Rwanda (BPR), Kenyan financial group KCB Group has announced it has [...]

Massmart, a unit of Walmart, is in talks which may result in the acquisition of a controlling stake in OneCart, a fast moving consumer goods market place and logistics platform that partners with [...]

Bank of Industry, the biggest development finance institution in Nigeria, is seeking a capital injection of 500 billion naira ($1.2 billion) to bolster its capacity to lend to companies [...]

Egypt’s sovereign wealth fund seeks to raise $2.5 billion by end of 2022 to invest in a range of economic and social development projects, from education to utilities, according to The [...]

There was a 14% increase in mergers and acquisitions (M&A) deal volume and an astounding 576% increase in deal value in the first half of 2021 (H1 2021), compared to the first half of 2020 [...]

West Africa’s first green corporate bond was sold this month and similar issuances are expected to follow as financial advisers and companies promote the asset class in a bid to attract more [...]

Kenya’s biggest bank by assets is in talks to acquire a lender in the Democratic Republic of Congo, the vast mineral-endowed central African country. “We’re engaging with two institutions today [...]

South Africa’s state-owned ports and rail company is seeking a partner to take stakes in two container terminals to boost efficiency and strengthen ties with global trade routes. Transnet SOC [...]

Egypt plans to take the first steps early next year toward selling a stake in the state company behind its new capital city, in what could be the North African nation’s biggest-ever initial [...]