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30-10-2014 23:52:00 | by: Administrator | hits: 4877810 | Tags:

[South Africa] VC company Grotech rebrands as Kalon Venture Partners
24-07-2017 | 10:43:00
Section 12J Venture Capital company, Grotech has rebranded as Kalon Venture Partners. For the last 18 months, the business did extensive screening of hundreds of companies and three new deals are imminent
[South Africa] Siemens signs agreement to acquire Crabtree South Africa
17-07-2017 | 13:30:00
Siemens has announced the purchase of Crabtree Electrical Accessories in South Africa and its associated Lesotho business from Powertech Industries Limited.
VAIDS is a golden opportunity for Nigerian companies to regularise their tax affairs - Sage West Africa
17-07-2017 | 10:18:11
Nigerian companies and entrepreneurs that don’t have their tax affairs in order should act now to take advantage of the government’s Voluntary Assets and Income Declaration Scheme (VAIDS).
[Nigeria] Prudential PLC acquires Zenith Life, enters partnership with Zenith Bank
14-07-2017 | 14:06:00
Prudential plc, one of the oldest and most strongly capitalized life insurance companies in the world, has acquired a majority stake in Zenith Life of Nigeria and formed exclusive bancassurance partnerships with Zenith Bank in Nigeria and Ghana.
[Kenya] Fountain Technologies Ltd inks multi billion shillings business alliance with Ferri Group
04-07-2017 | 10:36:01
Fountain Technologies Ltd (FTL) has entered into a strategic business alliance with Ferri Group, a Luxembourg based company, which will see the two companies jointly bid and tender for industrial and electrical projects.
[Kenya] The Abraaj Group acquires Java House coffee chain from Emerging Capital Partners
04-07-2017 | 08:25:16
The Abraaj Group, a leading investor operating in growth markets, announced that it is set to acquire a 100 per cent stake in Java House Group East Africa’s leading coffee-led casual dining chain.
AfDB approves $15m equity investment in Shore Capital Fund to support inclusive growth in Africa
19-06-2017 | 09:04:00
The Board of Directors of the African Development Bank (AfDB) has approved a US$ 15 million investment in Shore Capital Fund III, a multinational Private Equity Fund which promotes financial inclusion.
East Africa attracts Sh113.7b in private equity investments
15-06-2017 | 11:06:00
The East Africa region attracted more than Sh113.7 billion ($1.1 billion) funds from Private Equity (PE) between 2015 and 2016, a new study has revealed.
[South Africa] ACM Gold announces upgrade to MetaTrader5
14-06-2017 | 15:19:15
ACM Gold has announced the imminent upgrade to MetaTrader5 (MT5) in the company’s quest to deploy exceptional trading platforms in the ever changing forex trading world.
[South Africa] Hulisani appoints Marubini Raphul CEO
09-06-2017 | 10:17:28
JSE-listed Hulisani Limited, an investment holding company focused on energy opportunities has appointed Marubini Raphulu, Hulisani’s chief investment officer as CEO with effect from 1 July 2017.
[South Africa] Ascendis Health acquires Sunwave Pharma and NHP Pharma
05-06-2017 | 09:51:00
Ascendis Health recently declared the acquisitions of Sunwave Pharma SRL and NHP Natural Health Pharma unconditional, together with Cipla Agrimed Proprietary and Cipla Vet Proprietary.
Barclays PLC to sell 22 per cent shareholding in Barclays Africa
02-06-2017 | 06:38:00
Barclays PLC has announced its intention to sell 187 million ordinary shares in Barclays Africa Group, which represents approximately 22% of Barclays Africa’s issued share capital.
MédiS Group announces acquisition of Winthrop Pharma Senegal from Sanofi
03-05-2017 | 07:24:00
Actis, a leading growth markets investor, has announced that its portfolio company MédiS, a major pharmaceutical company based in Tunisia, has acquired Winthrop Pharma Senegal (WPS) from Sanofi.
Nordic Development Fund teams up with ECA and partners on unique climate resilience facility
02-05-2017 | 12:36:46
AFRI-RES, a unique facility to support climate proofing of Africa’s long-lived infrastructure investments, was given significant impetus with the formal approval of funding of 5 million Euros by the Nordic Development Fund (NDF) for its programme activities.
Discounts lure buyers to South African bank stocks amid political upheaval
18-04-2017 | 13:00:00
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
18-04-2017 | 11:44:00
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.
Enko Capital launches Africa focused debt fund as it forays into continent
12-04-2017 | 06:34:00
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 relists as UNIC Diversified Holdings on Nigeria Stock Exchange
11-04-2017 | 12:36:46
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.
[Nigeria] Africa Finance Corporation issues $500m 7 Year Eurobond
11-04-2017 | 09:55:00
Africa Finance Corporation, a pan-African multilateral development finance institution and project developer, has issued a US$500 million 7 year Eurobond.
Private equity a bright light in Africa's economic future, research
11-04-2017 | 07:27:00
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.
[Nigeria] Lidya raises funding to expand access to capital for underserved small businesses
05-04-2017 | 16:30:57
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.
[Interview] Maria Auma, CEO, Blue Luxury Investments, Uganda
30-03-2017 | 09:45:00
Maria Auma is a Ugandan entrepreneur and investment specialist. Her company, Blue Luxury Investments, specializes in connecting investors with viable businesses.
Tony Elumelu Foundation 2017 Entrepreneurship Program announces selection
27-03-2017 | 10:37:33
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 takes over Swipha’s activities in Nigeria with eye on generic medicines for local market
27-03-2017 | 09:18:00
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.
[Kenya] Britam to sell 10 per cent stake to International Finance Corporation
27-03-2017 | 09:10:22
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.
[Kenya] Sanlam Group acquires majority stake in PineBridge Investments East Africa Limited
23-03-2017 | 05:45:48
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
17-03-2017 | 06:51:03
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
15-03-2017 | 07:05:28
The Carlyle Group has announced that Dele Babade has been retained as an Advisor to Carlyle’s Sub-Saharan African Fund (CSSAF), effective immediately.
Zoona raises $1m from IFC and MasterCard Foundation to expand mobile banking in Zambia
09-03-2017 | 10:50:53
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.
[South Africa] Ascendis to acquire Cipla veterinary business for R375 million
07-03-2017 | 10:13:33
Ascendis Health, the high growth health and care brands group, is to purchase the southern African veterinary operations of Cipla India for R375 million.
[Egypt] Innoventures launches “Startup Reactor” Fourth Cycle in Partnership with VC4A and SRI
06-03-2017 | 09:52:00
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.
[Ghana] Dusk Capital inks deal with IIMG Africa allowing companies access to global mutual funds
28-02-2017 | 13:16:48
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.
[Kenya] Amethis Finance and Metier acquires minority stake in Kenafric
22-02-2017 | 06:50:13
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.
[Interview] Korede Ologun, Head, Research & Advisory, Helix Securities, Nigeria
16-02-2017 | 11:59:00
Korede Ologun of Helix Securities Limited interviews with Africa Business Communities on past and present economic situation in Nigeria:
Afreximbank pledges financial and advisory support for Sao Tomé’s blue economy
16-02-2017 | 09:41:09
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.
Norfund, FMO and Rabobank acquire 27.7% stake in CAL Bank Ghana
14-02-2017 | 15:00:00
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 financially including over 150,000 Kenyan merchants with Masterpass QR
14-02-2017 | 11:20:00
Mastercard commits to empowering over 150,000 Micro, Small and Medium Enterprises (MSME) in Kenya within 2017 by giving them access to Masterpass QR.
[Kenya] Boutique African Data Collection Agency, Bamba, raises $1.1m in First Seed Round
14-02-2017 | 09:52:00
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.
[Kenya] Safaricom Spark Fund invests in FarmDrive startup
14-02-2017 | 05:38:39
Safaricom Spark Venture Fund has today announced its investment in FarmDrive, a data analytics startup that connects small-scale farmers to financial services.
[Kenya] East Africa Private Equity and Venture Capital Association announces new appointments
14-02-2017 | 05:28:14
East Africa Private Equity and Venture Capital Association has appointed Eva Warigia and Esther Ndeti the co-executive directors to run the lobby.
[South Africa] Baker McKenzie's cross-border mergers and acquisitions Index for fourth quarter 2016
07-02-2017 | 15:31:00
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.
Quantum Global named Best Investment Company in Angola 2016
07-02-2017 | 10:11:00
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.
[Nigeria] Africa Finance Corporation makes maiden $205m mining investment in Guinea
06-02-2017 | 12:15:00
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.
South African Mergers and Acquisitions market predicted to grow by 66 per cent in next two years
03-02-2017 | 12:06:00
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