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Air Holdings Makes Mandatory Offer for Air Mauritius Shares

Air Holdings offers 5.80 rupees per share to acquire all voting shares in Air Mauritius not already held. Mandatory offer triggered by acquisition of 9.43 million shares from the State Investment [...]

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Nairobi Business Ventures Buys Four Companies for 3b Shillings

Nairobi Business Ventures acquires 100% stakes in Delta Automobile, Delta Cement, Air Direct Connect and Aviation Management Solutions, according to a statement emailed by the Nairobi Securities [...]

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TLG invests in neo-banking platform in Nigeria

TLG Capital has announced an investment it has made into a Paris based fintech company, FairMoney in Nigeria. FairMoney, which operates a neo-banking platform in Nigeria provides underbanked [...]

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Bollore Seeks Buyers for Africa Logistics Ops, Le Monde Says

Bollore has asked Morgan Stanley to look for buyers for Bollore Africa Logistics, Le Monde reports on Friday without saying how it obtained the information CMA CGM, Maersk are looking into it: Le [...]

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Old Mutual Cash Drive Boosts Infrastructure Fund to $1.5 Billion

Old Mutual Ltd.’s African Infrastructure Investment Managers, an investor in South Africa’s renewable energy program has raised additional cash to boost its fund to 22 billion rand ($1.5 [...]

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Coca-Cola Said to Seek $8 Billion Value in Africa Bottler IPO

Coca-Cola Co. is seeking a value of 7 billion euros ($8.1 billion) for Coca-Cola Beverages Africa when it lists the bottler next year, according to people familiar with the matter. The soft [...]

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Old Mutual Plans Acquisitions to Expand in West Africa

Old Mutual Group Ltd. plans to make acquisitions within the next five years to boost its market share in the West Africa region, where insurance penetration still has significant headroom for [...]

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DP World, CDC Form Africa Ports Partnership, Pledge $1.7 Billion

DP World Ltd. and CDC Group Plc have formed a partnership to develop ports in Africa and committed to spending $1.72 billion on infrastructure over the next few years. DP World, which is based in [...]

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Access Bank Acquires 78.15 Percent Stake in BancABC Botswana

Access Bank Plc yesterday announced on the Nigerian Exchange Limited (NGX) that it has acquired 78.15 per cent shareholding in African Banking Corporation of Botswana Limited (BancABC Botswana). [...]

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MTN Uganda IPO Plan Values Business at About $1.25 Billion

Africa’s largest wireless carrier to sell 20% stake in unit, MTN Uganda CEO Wim Vanhelleputte tells reporters in Kampala. Stock will be sold at 200 Uganda shillings each; investors must apply for [...]

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Angola Says Sonangol IPO May Only Take Place From End-2022

The sale of shares in Angolan state-owned oil company Sonangol may only take place after the end of 2022, news agency Lusa reports, citing comments from Petroleum and Minerals Minister Diamantino [...]

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Kenya’s Sendy invests in Ivory Coast-based logistics startup Kamtar

Kenyan logistics startup Sendy has completed a strategic equity investment in Ivory Coast-based counterpart Kamtar to boost the former’s expansion plans in West Africa. Launched in 2015, Sendy [...]