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Archive In M & A
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Markets
Kenya Aims At Doubling FDI In 2014.
double in the current fiscal year with the hope that sale of publicly-held companies and award power generation contracts will attract international investors.
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Markets
Vodacom Acquires Fixed Line Operator Neotel For $676.8m.
In a move set to trigger competition in South Africa’s fixed line sector, Vodacom, South Africa’s biggest mobile phone operator, has acquired 100 percent of privately-owned fixed line operator, Neotel, for R7 billion ($676.8m), it emerged on...
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Energy
Gasol Upstream To Invest $1m In Afrique Energie.
Gasol Upstream Limited, a subsidiary of Gasol Plc has agreed to buy 31.7 percent of Afrique Energie Corp (AEC) in a $1 million investment. It has also agreed to issue another $1million loan to AEC.
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Markets
Apollo Global Enters Africa With Milpark Education Acquisition.
US-based Apollo Education Group has bought 81 percent stake in South African private education provider, Milpark Education (Pty) Ltd. for $25.6 million.
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Real Estate
Tsogo Sun Set To Re-Enter Dubai Market.
JSE-listed hotel group, Tsogo Sun, is poised to again set up shop in Dubai after having identified that market as a “priority”, it emerged on Wednesday.
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Real Estate
City Lodge Completes Kenya’s Fairview Hotel Acquisition.
Johannesburg-quoted lowcost hotel group, City Lodge, on Thursday said the acquisition of the remaining 50 percent in Kenya’s Fairview Hotel had become unconditional with effect from May 21 this year.
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Markets
Namibia’s Trustco Acquires Fides Bank.
Trustco, a financial services firm listed on the Namibia (NSX) and Johannesburg (JSE) bourses, on Thursday said it had acquired 100 percent of Namibia’s lender, Fides Bank, for an undisclosed amount.
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Real Estate
Tsogo Sun Acquires 25% Of Redefine Hotel Group.
Johannesburg-listed hotel group, Tsogo Sun, on Friday said it had acquired 25 percent stake in Redefine DBL Hotel Group (Redefine), a hotel management firm, for £8.1 million ($13.6m) with effect from the beginning of this...
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Old Mutual Completes Sale Of Skandia Poland.
Old Mutual, one of Africa’s biggest life insurers, at the weekend said the deal to sell one of its units, Skandia Poland, to Vienna insurance group, AG Wierna Versicherung Gruppe, had now been completed.
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First Bank Of Nigeria Acquires ICB West Africa.
First Bank of Nigeria (FBN) Holdings last week announced the complete acquisition of International Commercial Bank (ICB) Financial Group Holdings West Africa, after finalising the deal for ICB Senegal.