Corporate deals
Mergers and Acquisitions, deal making, takeovers
DEAL: Custodian Investment agrees to buy majority stake in UPDC
Custodian Investment announced on Monday to acquire a 51% stake in UPDC, a real estate company owned by UACN.
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Access Bank completes acquisition of Kenya’s Transnational Bank Plc.
Access Bank Plc. completes its acquisition of Transnational Bank Plc., following its earlier announcement on October 28th 2019 as well as its...
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Dangote Sugar completes acquisition with Savannah Sugar Company LimitedÂ
Dangote Sugar Refinery will henceforth assume all legal proceedings.
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Fairfax Africa Holdings enters purchase agreement with Helios Holdings LtdÂ
Fairfax Africa Holdings Corp. agreed to merge with Helios Holdings Ltd.
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Access Bank in advanced discussions with Zambian Bank regarding merger
The bank noted that there are no guarantees to whether the transaction pans out or not.
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Uber expands food delivery business in a $2.65 billion acquisitionÂ
This deal would help Uber expand its market share against privately held DoorDash Inc.
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Ekiti State secures UN and SHS Holdings partnerships to invest $2 billion to build 50,000 homes
The UN Office for Project Services and SHS will mobilize 3rd party investors to fund the initiative.
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Actis-backed group acquires Nigerian university
The group owns private universities in Morocco, Tunisia, Mauritius, South Africa, Zambia, and Zimbabwe.
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FCMB Pensions is planning to acquire AIICO Pension Managers Ltd
Recently, AIICO Insurance has been raising capital through various means. The sell-off could be one of them.
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Nigeria, Kenya, South Africa attracted $3.9 billion VC deals in 6 years
613 VC deals valued at $3.9 billion occurred in Africa between 2014 and 2019.
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