Corporate deals
Mergers and Acquisitions, deal making, takeovers
Mauritius investment firm to acquire 26% stake in Nigerian e-waste recycler Hinckley
uMunthu Investment Company II, a Mauritius-based private equity fund, is set to acquire a 26% stake in Hinckley Ewaste Recycling...
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Meta in talks to invest $10B in AI startup
Meta Platforms Inc. is reportedly in advanced talks to invest more than $10 billion in Scale AI, a fast-growing artificial...
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Afreximbank, BOI sign $75 million financing support for local manufacturers in Nigerian Healthcare sector
The African Export-Import Bank (Afreximbank) and the Nigerian government-owned Bank of Industry (BOI) have announced the signing of a $75...
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Oando secures $375 million injection from Afreximbank and Mercuria, eyes 100,000 barrels per day
Oando Plc has announced that its upstream subsidiary, Oando Oil Limited, has successfully increased its reserve-based loan facility to $375...
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EU to invest €10.4 million in Nigeria solar for health project to power primary healthcare centres
The European Union (EU) has announced it will invest €10.4 million in the Nigeria Solar for Health Project (NISHP), which...
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AMCE receives $75 Million donation for subsidization of Sickle cell cure in Nigeria, others - CEO
The CEO of the African Medical Centre of Excellence (AMCE), Brian Deaver, has disclosed that the Ford Foundation has attracted...
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FG signs $7.5 million agreement with Gates Foundation to build Nigerian AI Scaling Hub
The Federal Government of Nigeria has signed an agreement with the Gates Foundation to establish the Nigerian AI Scaling Hub...
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Kenya approves Moniepoint’s acquisition of 78% stake in Sumac Microfinance Bank
The Competition Authority of Kenya (CAK) has given its approval for Moniepoint Inc.’s proposed acquisition of a 78% stake in...
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WHO, TY Danjuma Foundation sign $2.26 million deal to strengthen Nigeria’s health sector
The World Health Organization (WHO) in the African Region and the TY Danjuma Foundation have signed an agreement worth S$2.26...
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Access Bank completes acquisition of National Bank of Kenya to deepen presence in East Africa
Access Bank Plc has announced the acquisition of the National Bank of Kenya (NBK) in a strategic move aimed at...
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