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Maximus Group acquires 100% stake in Quantum Lubricants, Kenya

MX Africa Limited (MXAL) has signed an agreement to acquire the remaining 49% stake in Quantum Lubricants Limited, Kenya. MXAL is Maximus International Limited’s wholly owned Kenyan [...]

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African Women Impact Fund launches with USD$60m commitment

The Economic Commission for Africa (ECA) and Standard Bank Group, with the support of the Arab Bank for Economic Development in Africa (BADEA), the Motor Industry Retirement Funds (MIRF) and [...]

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Proparco buys Sh2bn stake in Mauritian insurance firm

French development institution Proparco has acquired a stake worth Sh1.2 billion ($10 million) in Mauritian insurance company MUA Ltd, which has a presence in Kenya. The deal makes Proparco the [...]