Deals

How private equity investors create value in Africa: EY/AVCA

Private equity activity in Africa at multi-year high (Infographics & Report): EY/AVCA

In EY‘s fourth annual analysis of private equity exits in Africa, it finds that even amidst economic uncertainty, private equity saw strong exit volume in 2015, bringing exits to a nine-year high.

Oscar Onyema, CEO, Nigerian Stock Exchange

Nigerian Stock Exchange working with MTN on 2017 listing

The Nigerian Stock Exchange (NSE) is working with South African cell operator MTN on a listing of its shares in the country this year, the head of the bourse said on Thursday.

Arnold Parker, Managing Director, AFB Ghana

Letshego acquires AFB Ghana in second West African acquisition

African finance group Letshego Holdings has acquired a 100% shareholding in AFB Ghana Plc. AFB is a licensed non-bank financial institution and offers innovative credit products to over 60,000 customers across its network of more than 25 branch and customer access points.

Retail Africa: Africa's next retail giant

Retail Africa: Africa's next retail giant?

Steinhoff and Shoprite are planning to merge their African retail operations in a stock-for-stock deal, as announced in December.

Coca-Cola Buys AB InBev Out of Africa Unit for $3.2 Billion

Coca-Cola Buys AB InBev Out of Africa Unit for $3.2 Billion

Coca-Cola Co. will pay $3.15 billion to buy Anheuser-Busch InBev NV out of an African bottling joint venture after the Budweiser brewer’s takeover of the U.S. beverage company’s partner in the region.

Nigerian Fintech Startup Paystack Raises $1.3 Million

Nigerian Fintech Startup Paystack Raises $1.3 Million

Paystack, one of Nigeria’s most hotly anticipated tech start-ups, has just secured $1.3M Seed investment from both international and homegrown investors.

The race to fix Nigeria's payments problem just received a big boost

The race to fix Nigeria's payments problem just received a big boost

Making online transactions is a process taken for granted as one of the natural offshoots of deeper internet penetration.

The checkout at Shoprite, Africa's biggest food retailer, in a shopping center in Warri, a fast-growing city in Nigeria's oil-producing region. Credit: nytimes.com

Shoprite & Steinhoff plot massive merger

Retail giants Shoprite and Steinhoff plan to merge to form what will indisputably be one of Africa’s largest retail businesses.

Nic Rudnick, CEO, Liquid Telecom

Liquid Telecom buys Neotel for $466M to form Africa's largest fiber network

Africa’s largest fiber network will be formed as Liquid Telecom buys South African converged network operator Neotel.

Spotlight on Southern Africa Private Equity: African Private Equity and Venture Capital Association (AVCA)

Spotlight on Southern Africa Private Equity (Report & Infographic): African Private Equity and Venture Capital Association (AVCA)

Between 2010 and 2016 H1, there were 277 reported private equity deals in Southern Africa totaling $3.5 billion.

Zoya Sisulu, ‎Head of Debt Primary Markets, South Africa, Standard Bank. Credit: Business Day (South Africa)

African debt capital markets resilient in face of growth challenges

Debt capital markets across Africa’s sub-regions have remained robust despite the macroeconomic and political challenges presented.

MTN Nigeria

MTN Nigeria begins IPO discussions

MTN has commenced talks with the Nigerian Securities and Exchange Commission (SEC) regarding an initial public offering in 2017.

The Carlyle Group Acquires CMC Networks, a Pan-African Network Connectivity Provider

The Carlyle Group Acquires CMC Networks, a Pan-African Network Connectivity Provider

Global Alternative Asset Manager The Carlyle Group announced last week that it has agreed to acquire a majority share of CMC Networks.

Felix Olale, Partner, LeapFrog Investments

LeapFrog acquires $22M majority stake in Kenya's Goodlife Pharmacy (Video)

LeapFrog Investments, a leading specialist investor in emerging markets, today announced its acquisition of a USD 22m majority stake in Kenya’s GoodLife Pharmacy.

Spotlight on East Africa Private Equity: African Private Equity and Venture Capital Association (AVCA)

Spotlight on East Africa Private Equity (Report & Infographic): African Private Equity and Venture Capital Association (AVCA)

Between 2010 and 2016 H1, there were 167 reported private equity deals in East Africa totaling $1.4 billion.

Jeff Schlapinski, Director of Research, EMPEA

Private equity investment in Africa heats up as pension funds stay local

African private equity is having its moment in the sun, with pension funds on the continent ready to invest in their own backyard as investment banks continue to retreat from lending and domestic strategies mature.

Dangote Industries cement plant in Dakar, Senegal

Gulf investments in Africa beginning to spread far and wide

Traditionally, investments from the Arabian Gulf into Africa have focused on North Africa, owing partly to closer cultural ties and the Gulf’s focus on western markets. This scenario is slowly changing and so too are the pan-African investment strategies of Gulf investors.

Scatec Solar and Norfund sign power purchase agreement for Mozambique's first large-scale scale solar plant

Scatec Solar and Norfund sign power purchase agreement for Mozambique's first large-scale solar plant

In addition to this new 40 MW plant in Mozambique, Scatec Solar operates 200 MW of solar power plants in South Africa and Rwanda and has new projects under development across Africa, including in Mali, Nigeria and Kenya.

Africa's largest pension fund PIC is looking to increase stake in Barclays Africa

Africa's largest pension fund PIC seeks central bank approval to increase Barclays Africa stake

Africa’s biggest pension fund, Public Investment Corporation, has sought approval from South Africa’s central bank to raise its stake in Barclays Africa.

A visitor takes photographs from the Ou Kaapse Weg as seasonal fog covers the city of Cape Town. Almost 7,000 visas were issued by the South African embassy in the UAE for the first seven months of this year. Credit: thenational.ae/Mike Hutchings/Reuters

Hotel developers will invest billions of dollars in African projects over the next few years

Hotel developers will invest billions of dollars in African projects over the next few years as they seek to take advantage of a fast-expanding middle class and growing business travel.

Billionaire Strive Masiyiwa is the owner of Kwesé TV

Billionaire Strive Masiyiwa's Kwesé TV has signed deal to broadcast ESPN sports content in 19 African countries

Kwesé TV, a sports website owned by Econet Media, has partnered with American cable TV channel ESPN in a deal which will see Kwesé exclusively air hours of licensed content from ESPN including its iconic SportsCenter show across 19 countries in Africa.

Paul Kavuma, CEO, Catalyst Principal Partners

Catalyst Principal Partners acquires majority stake in Tanzanian pharma company for $125M

Catalyst Principal Partners, a leading East African focused private equity firm, has acquired a controlling stake in Zenufa Laboratories in Tanzania for $125 million.

GE Venture to Build World’s Largest LPG Power Plant in Ghana

GE Venture to Build World’s Largest LPG Power Plant in Ghana

General Electric Co., Endeavor Energy Resources LP and Sage Petroleum Ltd. won approval from Ghanaian lawmakers for the construction of the world’s largest liquefied petroleum gas fired power plant.

Nigeria's largest airline Arik plans $1B share offer & possible London Stock Exchange listing

Nigeria's largest airline Arik plans $1B share offer & possible London Stock Exchange listing

Nigeria‘s largest airline Arik Air plans to raise as much as $1bn through a private share placement next year and then a possible initial public offering (IPO) in Lagos and London, its managing director said.

Okechukwu Enelamah, Nigeria's Minister of Industry, Trade and Investment (L) and Natalie Kolbe, Partner & Co-Head of Private Equity at Actis

An Enabling Enterprise Environment And Accountability Are Key For Nigeria's Long Term Future: Okechukwu Enelamah, Nigeria's Minister Of Industry, Trade & Investment And ACA Co-Founder & Former CEO

Actis, a leading growth markets investor, hosted over 200 senior public and private sector decision makers in Lagos at Heritage Place in Ikoyi to share Actis’ perspectives on the Africa opportunity and potential for Nigeria.

South African billionaire Nicky Oppenheimer is one of the wealthiest men in the country with a net worth of $6.8B (Forbes, 2014).

South African Diamond Billionaire Oppenheimer Backs New Hedge Fund Startup

The family of South African diamond-mining billionaire Nicky Oppenheimer is backing a new hedge fund to be run by ex-Capricorn Capital Group Ltd. money managers Andrew Crawford and Stephen Carew.

Novare Lekki Mall (Illustration)

Nigerian property crash attracts brave investors betting for the long-term

A property market crash in Nigeria offers opportunities for brave investors betting that Africa’s most populous nation will deliver high returns when it climbs out of recession.

Tamassa Resort in Mauritius

Property fund Mara Delta agrees to buy Tamassa Resort in Mauritius

LUX* Resorts and Hotels sells Tamassa Resort for US$40 million in sale-and-leaseback deal.

Coca-Cola to buy AB InBev's stake in African subsidiary Coca-Cola Beverages Africa

Coca-Cola to buy AB InBev's stake in African subsidiary Coca-Cola Beverages Africa

Coca-Cola Co said it would exercise its right to buy Anheuser-Busch InBev’s stake in Africa’s biggest Coke drinks bottler, after the brewer’s takeover of SABMiller.

South Africa's Blue Label pays $400m for Cell C stake

South Africa's Blue Label pays $400M for Cell C stake

Blue Label Telecoms the largest distributor of prepaid airtime and data in South Africa, will pay 5.5 billion rand ($400 million) for a 45 percent stake in debt-laden mobile firm Cell C Ltd, it said on Wednesday.

Africa is still one of the world's most attractive markets for private equity: Boston Consulting Group (BCG)

Africa is still one of the world's most attractive markets for private equity: Boston Consulting Group (BCG)

Africa remains one of the world’s growth opportunities for private equity investors, even though the market has already surged dramatically over the past decade and several economies face serious challenges.

Amrod's In-House Branding

Carlyle Group to acquire Amrod, a South African Supplier of Promotional Products and Clothing

The Carlyle Group announced last week that it has agreed to acquire a majority share of Amrod, a fast-growing supplier of promotional products and clothing, serving distributors in South Africa and neighbouring countries.

Kenya Airways in talks with 3-4 parties on stake sale, says CEO Ngunze

Kenya Airways in talks with 3-4 parties on stake sale, says CEO Ngunze

Kenya Airways is talking to “about three or four” foreign institutional investors and airlines about buying a stake to raise cash for the carrier, its CEO said last month.

Wale Tinubu, CEO, Oando

Helios Investment Partners enters agreement to acquire 49% of Oando Gas & Power in $115.8 million deal

Oando has announced the execution of a definitive agreement with Helios Investment Partners to acquire 49% of the voting rights in Oando’s midstream business subsidiary, Oando Gas and Power Limited (OGP).

Shoppers walk past an Edgars store at a shopping center in Soweto, southwest of Johannesburg. Credit: Reuters/Siphiwe Sibeko

Bain in $1.5 billion South African Edcon debt for equity deal

Private equity firm Bain Capital has agreed a debt for equity swap deal valued at $1.5 billion for Edcon, the chief executive of the South African clothes retailer said last Tuesday.

ToLet.com Co-Founders (L-R): Sulaiman Balogun, Fikayo Ogundipe, Dapo Eludire and Seyi Ayeni

Nigeria's ToLet.com.ng raises $1.2M from Frontier Digital Ventures

Lagos-based real estate classifieds startup ToLet.com.ng announced on Tuesday that it has closed a $1.2 million series A funding round from Frontier Digital Ventures.

Africa's richest man Aliko Dangote plans to buy Arsenal in four years.

Africa's richest man Aliko Dangote plans to buy Arsenal in four years (Video)

Aliko Dangote, Africa’s richest man, plans to buy London-based Arsenal soccer team within four years.

Lake Heights Hotel, Entebbe, Uganda

BON Hotels takes on second property in East Africa: Lake Heights Entebbe

With the ink just dry on the BON Hotel Addis Ababa contract, BON Hotels, a hospitality company that owns, manages and markets hotels throughout South Africa and the rest of the continent, has taken on a second property in East Africa.

7 Reasons to Be Bullish on MTN Group

MTN Nigeria said to target $1 billion in Nigerian Stock Exchange IPO

MTN Group Ltd., Africa’s biggest wireless operator by sales, and minority shareholders in its Nigerian business are seeking to raise about $1 billion in an initial public offering.

Bugesera International Airport (Illustration)

Rwanda signs $818M deal for new international airport

Rwanda has signed a deal with the African division of Portuguese construction firm Mota-Engil to build an international airport at a cost of $818 million, the company and government officials said.

Diane Radley, Old Mutual Investment Group

Why Old Mutual is investing millions in Nigeria's property and agriculture markets

This month, South African financial services firm Old Mutual Investment Group announced a partnership with Nigeria’s sovereign wealth fund for the investment of US$700m in real estate and agriculture.

Deepak Malik, Africa Regional Director, Norfund

Norway-Backed Fund on Hiring Spree in Africa Finance Venture

A new development-finance venture that will control banking and other assets worth more than $660 million across sub-Saharan Africa plans to hire as many as 20 people including analysts to manage its investments and help it spend another $300 million on acquisitions.