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Archive In M & A
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General
South Africa’s MMI Acquires Stake in Kenya’s Cannon.
Metropolitan International (MI), a division of the JSE-listed life insurer, MMI Holdings, has bought an undisclosed shareholding in the Kenyan insurer, Cannon Assurance for R300 million ($27.3 million), it said on Monday.
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ETFs & VC
Kenya-based Catalyst Acquires Tanzanian Equipment And Logistics Firm.
Kenyan-based private equity firm, Catalyst Principal Partners has acquired majority stake in Tanzanian heavy equipment rental and logistics firm, EFFCO.
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Real Estate
Africa Investment Round-off.
Africa’s rapid economic growth is fast yielding positive dividends as investments in various sectors continue to rise.
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Markets
Surging African Mergers Demand Better Competition Laws – Law Firm.
Mergers and acquisitions in Africa have shot up rapidly as investments worth billions of dollars continue to pour into the continent, it emerged at the weekend.
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Markets
Competition Authorities Approve MMI $148m Guardrisk Takeover.
South Africa’s competition authorities have approved MMI Holdings’ acquisition of specialist insurance giant, Guardrisk, for R1.6 billion ($148 million), the JSE-listed life insurer said on Monday.
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Investors
Al-Futtaim Acquires Major Shares In Kenyan Automobile Business.
Dubai’s Al-Futtaim Group now holds majority shares in Kenyan automobile retailer, CMC Holdings Limited after 91 percent shareholders accepted its 7.6 billion shilling ($87.91 million) offer for its 533 million shares.
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Markets
EFG Hermes Sells Damas Stake For $150m.
EFG Hermes (Hermes), a private equity investor in the Middle East and North Africa (MENA), on Wednesday said it had disposed of its 19 percent stake in Damas International, the region’s well-known jeweler, for $150...
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Markets
StanChart Invests $57m In Zambia Energy Sector.
The private equity arm of British multinational banking and financial services firm Standard Chartered has paid $57 million to acquire 25.8 percent stake in Lusaka Stock Exchange-listed power transmission and distribution company, Copperbelt Energy Corporation’s...
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Investors
Morocco’s RMA Wataniya Acquires 4 African Insurance Companies.
Moroccan insurance company, RMA Wataniya, has acquired four insurance companies operating in “three key countries” within the Inter-African Conference on Insurance Markets (CIMA zone).
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ETFs & VC
Africa Investment Round Up.
Africa’s investment space has remained largely active in recent days, as the continent continues to lure foreign and domestic investors seeking high yields and newer market reach.