All posts in Mergers and Acquisitions
Crystal Ventures in MTN Rwanda partial exit
Crystal Ventures has partially exited its Rwanda-based telecommunications company, MTN Rwanda, selling an estimated 15% of its stake to existing shareholder MTN Group.
NorAH buys $137m stake in DSC
Kuwait-based investment company, North Africa Holding Company (NorAH),has acquired a minority stake in the Moroccan housing developer Dar Saada Company (DSC)for an estimated $137 million . The acquisition is
Sub-Saharan M&A hits record high
Sub-Saharan Africa mergers and acquisitions deals reached a record $44 billion in 2010, about twice the transactions recorded the previous year, according to Thomson Reuters data. Telecommunications is the
Heineken acquires five Nigerian breweries
Netherlands-based brewer Heineken has acquired controlling stakes in five Nigerian breweries in a bid to expand is footprint in the burgeoning country. Heineken acquired the stakes from Sona Group
AfriRen bolsters Ghana Rubber Estates
Africa Renewables (AfriRen), the newly-formed UK-based biomass producer has committed $16million to Ghana Rubber Estates, as part of a long-term commercial agreement between the two entities. The investment will
Westward to buy Guinea iron ore assets
Canada-based Westward Explorations has entered into a letter of intent to acquire all of Sky Alliance Resources Guinee SA shares from its parent company Sky Alliance Resources Inc
France Telecom buys 40% of Meditel
France Telecom has bought 40% Moroccan mobile operator, Meditel, for €640m ($840m). Meditel is owned by CDG, which is backed by the Moroccan government and FinanceCom, a private holding
Dangote to merge with Benue
Nigeria's biggest cement maker Dangote Cement is set to merge with Benue Cement, in a deal which could create one of the Nigeria’s largest listed companies. The deal will
Wal-Mart bids $4.76bn for Massmart
Wal-Mart Stores has made an offer to buy the entire share capital of sub-Saharan retailer Massmart for $4.76 billion. The global retailer has issued a non-binding expression of interest in
HSBC set to buy Nedbank
HSBC has entered into exclusive discussions to purchase a controlling stake of South African Nedbank. UK-bank is understood to be in the lead of the auction, warding off competition




