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Adenia and Proparco acquire Overseas Catering Services

Adenia Partners, a private equity firm investing in Africa, has partnered with Proparco, the private sector financing arm of Agence Française de Développement Group (AFD Group), to buy Overseas [...]

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Egypt’s Sovereign Fund launches educational investments in Cosmic Village

The Sovereign Fund of Egypt began using the land of the Cosmic Village in October, by signing an agreement with CIRA Egypt and Cairo Educational Services (CAED) companies, to provide better [...]

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Implats Renews Royal Bafokeng Bid, Valuing Miner at $2.7 Billion

Impala Platinum Holdings Ltd. revived its pursuit of Royal Bafokeng Platinum Ltd., with an offer that values its smaller South African rival at about 43.4 billion rand ($2.7 billion). Implats, as [...]

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Vitol to acquire African fuel distributor Vivo Energy

Geneva-based commodities trading company Vitol has agreed to acquire Africa-focused fuel retailer Vivo Energy in a deal worth at about $2.3bn. Under the terms of the agreement, Vitol will pay [...]

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Nigeria Air: FG to float IPO, begins operations with three planes

The Federal Government on Thursday announced that beginning from next week it would start sending out Request for Proposals to investors interested in owning shares in the proposed national [...]

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South Africa Sees Sale of 51% of SAA Concluded by Early 2022

The government expects to complete the sale of a majority stake in state-owned South Africa Airways early next year, Public Enterprises Minister Pravin Gordhan said in an interview with Bloomberg [...]