Mergers & Acquisitions

CompaniesMediaMergers & Acquisitions

Why the Aga Khan Fund is parting with Nation Media Group after 66 years

AKFED sells its controlling stake in Nation Media Group to a Tanzanian businessman, ending a 66-year relationship with East Africa's biggest media house
The Nation Media Group's head offices in Nairobi
CompaniesMergers & Acquisitions

MTN MoMo is a proven profit machine — so why is MTN changing its structure?

Investor protection, market transparency, and corporate governance in question, says Crested Capital in commentary note
MTN Uganda non-executive director Charles Mbire rings the bell to mark the telecoms company's listing on the Uganda Securities Exchange, December 2021
CompaniesDigital EconomyMarketsMergers & Acquisitions

MTN Uganda plans to spin off mobile money business

The telecom giant MTN Uganda plans to restructure its mobile money business by separating it from its direct ownership and transferring the unit to a newly formed company through a merger
The head offices of MTN Uganda in Kampala
CompaniesEnergy, Oil & GasMergers & Acquisitions

Ionic Rare Earths increases stake in Makuutu project to 94%, says deal will ease financing negotiations

Mine expected to start production in first quarter next year, albeit small scale and for potential customers and off-takers
Ionic Rare Earths Limited workers at the Makuutu Rare Earths Project in Eastern Uganda. Ionic Rare Earths Limited, the Australian mining company, has acquired an additional 34 per cent interest in Rwenzori Rare Metals Limited, the owner of the Makuutu Rare Earths Project, bringing its majority interest in the project to 94 per cent, as it prepares for small-scale production in a few months' time.
Food & BeverageMergers & Acquisitions

8 Miles sells Biyinzika Poultry to investor consortium as it winds down operations

8 Miles, the UK-based fund, has sold its entire stake in Biyinzika Poultry International Ltd to a consortium that includes an American company and a regional industry executive
A lorry owned by Biyinzika Poultry International Limited, which was has been sold by its owner, 8 Miles LLP, a UK-based private equity fund, to a consortium that includes an American company and a “regional industry executive.” Established in 1990 as a poultry breeder, Biyinzika is one of Uganda’s leading suppliers of day-old chicks, poultry feeds, broilers and dressed chicken. Its brands include Pearl Chicken and Biyinzika Feeds.
CompaniesMergers & Acquisitions

Quality Chemical Industries gets new owner as Cipla exits

Africa Capitalworks SSA 3, an investment vehicle based in Mauritius, is the new majority shareholder of the pharmaceutical company
A group of men on a guided tour, directed by another man, in a pharmaceuticals factory
CompaniesMergers & Acquisitions

Uganda’s Sarrai buys Hima Cement from Swiss Holcim Group

Sarrai Group and another Ugandan company will own 100 per cent of Hima Cement and its Rwandan subsidiary once the transaction closes
Hima Cement's plant in Kasese, western Uganda
CompaniesMergers & Acquisitions

Olea Insurance expands into Uganda with Ballpark Insurance Group stake

Deal to buy Ugandan firm is latest move by French insurance broker to expand its African footprint, which now spans 25 countries
Downtown Kampala - picture taken from a distance
EconomyMergers & Acquisitions

Investment survey ranks Uganda among top ten sub-Saharan prospects

Uganda is among the top ten countries in sub-Saharan Africa where companies are looking to invest or expand over the next few years
Solar panels at a power plant
CompaniesMergers & Acquisitions

Seacom acquires Africell assets to expand enterprise business

Seacom on Thursday announced that it is acquiring certain infrastructure assets from the defunct telecom operator Africell Uganda Limited
Servers in a data centre
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