Foreign investors have been snapping up South African banking stocks, enticed by the cheapest valuations relative to emerging-market peers since 2011, even as the country’s downgrade to junk deepened a broad equity selloff.
Casablanca and Nairobi rank leading destinations for Fortune 500 companies establishing international headquarters
The Middle East Africa (MEA) region has become increasingly important for the majority of global Fortune 500 companies, according to a new report released by Infomineo, a global business research company specialising in Africa and the Middle East.
UK based asset management company Enko Capital has announced the launch of Enko Africa Debt Fund (EADF), with $200m assets under management (AUM).
UNIC Insurance Plc was yesterday delisted and replaced by UNIC Diversified Holdings (UDH) Plc at the Nigerian Stock Exchange as the insurance company completed its transformation into a financial services holding group.
Africa Finance Corporation, a pan-African multilateral development finance institution and project developer, has issued a US$500 million 7 year Eurobond.
New research shows private equity activity in Africa will inject Billions of US dollars or sustainable investment over the next five years. Private equity deals in Africa are growing from a low base equivalent to 0.18% of Africa's GDP in 2016.
Lidya, a leading fintech platform based in Nigeria, has announced that it has closed a US$1.25 million seed funding round to further its mission of easing access to finance for small and medium enterprises (SMEs) across Africa.
Maria Auma is a Ugandan entrepreneur and investment specialist. Her company, Blue Luxury Investments, specializes in connecting investors with viable businesses.
The Tony Elumelu Foundation (TEF) is proud to announce the selection of 1,000 African entrepreneurs, creating the 3rd cohort of the 10-year $100 million TEF Entrepreneurship Program.
Biogaran, a French pharmaceutical company specialized in generic and biosimilar medicines, and a subsidiary of Servier, have announced the takeover of all the activities of Swipha, a Nigerian company that manufactures and distributes pharmaceutical products known for their quality.
Shareholders of Britam Holdings have approved the sale of 10.37 per cent stake to International Finance Corporation, the World Bank Group’s private investment and lending arm, for Sh3.55 billion.
Listed diversified Pan-African financial services group The Sanlam Group, through its subsidiary Sanlam Emerging Markets (SEM), has reached an agreement with PineBridge Investments (“PineBridge”), a global multi-asset class asset manager, to acquire PineBridge’s majority stake in PineBridge Investments East Africa Limited in Kenya (PIEAL).
Bowmans advises on one of the first significant financing by a private equity credit fund in sub Saharan Africa
Pan-African law firm Bowmans recently advised Helios Credit Partners on a landmark transaction representing one of the first significant financing by a private credit fund in sub-Saharan Africa. The transaction was one of the largest debt financing secured by a Namibian company in the private sector.
Dele Babade retained as advisor to Carlyle’s Sub-Saharan African Fund Global alternative asset manager
The Carlyle Group has announced that Dele Babade has been retained as an Advisor to Carlyle’s Sub-Saharan African Fund (CSSAF), effective immediately.
South African based payments service provider Zoona has raised US$1 million from the International Finance Corporation (IFC) and the MasterCard Foundation to strengthen the reach of its mobile banking services in Zambia.
Ascendis Health, the high growth health and care brands group, is to purchase the southern African veterinary operations of Cipla India for R375 million.
Innoventures has just opened applications for the fourth cycle of its accelerator program ‘Startup Reactor’ in partnership with VC4A after a successful third cycle and its grand finale last December.
Indigenous investment banking firm, Dusk Capital, has entered into an agreement with the International Investment Management Group (IIMG Africa Ltd) that will give the Ghanaian company access to over 300 international mutual funds across the world.
Private equity firms Amethis Finance and Metier have partnered to acquire a minority stake in Kenafric food industry. The three companies – Kenafric, Amethis and Metier have been working together on a promising acquisition.
Korede Ologun of Helix Securities Limited interviews with Africa Business Communities on past and present economic situation in Nigeria:
The African Export-Import Bank (Afreximbank) is committed to providing financial and advisory support to assist Sao Tomé and Principe achieve its structural transformation which focuses on expanding and diversifying its blue economy.
The recent acquisition of a 27.7 % stake in CAL Bank in Ghana by newly formed investment company, Arise, is set to boost the banking sector in the country.
Mastercard commits to empowering over 150,000 Micro, Small and Medium Enterprises (MSME) in Kenya within 2017 by giving them access to Masterpass QR.
African data collection startup Bamba has announced today that it has closed its first seed investment round after raising US$1.1 million (Kes. 110 million) in investment funds, making it one of the largest and most successful seed rounds completed by an East African startup.
Safaricom Spark Venture Fund has today announced its investment in FarmDrive, a data analytics startup that connects small-scale farmers to financial services.
East Africa Private Equity and Venture Capital Association has appointed Eva Warigia and Esther Ndeti the co-executive directors to run the lobby.
Global events remained turbulent and unpredictable throughout 2016 resulting in a downward effect on M&A activity, however the market remained resolute in Q4 2016, according to Baker McKenzie's Cross-Border M&A Index.
African focused investment firm Quantum Global Group were announced as the winners of the Global Banking and Finance Review award for Best Investment Company Angola 2016.
An international consortium including the Africa Finance Corporation (AFC) is set to invest in Alufer Mining Limited to fund the development of Guinea-Conakry’s high grade bauxite reserves.
The Global Transactions Forecast issued by global law firm, Baker McKenzie in association with Oxford Economics has predicted that the South African M&A market will grow by 66 per cent in the next two years