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Archive In M & A
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Real Estate
Shangai Zendai Pays AECI $91.3m For Property Assets.
JSE-listed explosives and chemicals firm, AECI, on Thursday said it had received R1 billion ($91.3m) in cash for the sale of its Modderfontein property assets to Shanghai Zendai, the Chinese real estate developer.
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Markets
Jubilee To Acquire 7 Firms In 12 African Countries – Chair.
Kenya-based investment holding firm, Jubilee, is poised to buy a little more than a half-a-dozen new firms in 12 countries in East, Central and West Africa in the present financial year, it said this week.
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Markets
Kenya’s Competition Authority Announces Filing Charges For Mergers And Acquisitions.
Competition Authority of Kenya (CAK) has announced that it will begin to charge filing fees for merger and acquisitions processes from July.
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Markets
Delayed Yu Mobile Acquisition Sparks Uncertainty.
Kenya’s largest mobile operator, Safaricom has seen plans to acquire Yu Mobile’s assets – the country’s fourth largest – delayed after learning that industry regulator was yet to approve its takeover, despite tendering an application...
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International
United Nations Approves $1.2b To Support Kenyan Economy.
United Nations has agreed to support Kenya with Sh102 billion ($1.2 billion) for the development of specific areas of its economy over a period of four years.
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International
US-Based Investor Acquires 25% Stake In Ethiopia’s Telemed.
The Africa Group (TAG), a US-based boutique advisor and venture capital investor, has acquired a 25 percent stake in Telemed Medical Services (Telemed), an engineering services that designs health systems in Ethiopia.
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Real Estate
Redefine International Acquires 40% Of BNRI Earls Court.
Redefine International (RI), a real estate firm with a primary listing on the London Stock Exchange and secondary listing on the South African bourse, has bought the remaining 40 percent in hotel operator BNRI Earls...
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Intelligent Investing
Protea Acquisition Elevates Marriott To Africa’s Largest Hotel Company.
Marriott International has finalised its 2.02 billion rand ($191m) acquisition of South Africa-based Protea Hospitality Group, scaling the number of its business in Middle East and Africa (MEA) to more than 160 hotels and 23,000...
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Markets
Kenya’s TransCenury Sells 34% Stake In River Valley Railways Stations.
Kenyan investment firm, TransCentury has sold the 34 percent stake it holds in Rift Valley Railways (RVR) to Egyptian firm, Citadel in a deal analysts estimated to worth Sh5 billion ($57.9 million).
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Markets
Private Equity Becomes Africa’s Important Asset Class – Study.
Africa’s private equity business is rapidly becoming a more reputable asset class in the continent’s investment scene, it emerged on Wednesday.