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
Mergers & Acquisitions
Nakumatt in partnership talks with rival Tuskys – reports
Nakumatt, the troubled Kenyan supermarket chain, is in talks with Tuskys, another Kenyan retailer, to allow Nakumatt restock its supermarkets and return to stability
Sadolin rebrands as Plascon after Kansai Paint acquisition
Kansai Paint acquired Sadolin’s operations in Uganda and other East African countries through its South African subsidiary, Kansai Plascon Africa Ltd
Dfcu has a new majority shareholder after South Africa-based Arise takes stake
Arise B.V., an investment company based in Cape Town, has acquired a majority stake in dfcu Limited, the holding company of dfcu Bank.
Total completes acquisition of Gapco
Total S.A. has completed the acquisition of Gulf Africa Petroleum Corporation (Gapco) from India’s Reliance Industries Limited following regulatory approvals.
Sanlam to increase presence in East Africa with PineBridge acquisition
The Sanlam Group is set to acquire a majority stake in PineBridge Investments East Africa, increasing its asset management business in East Africa.
Kansai Paint agrees acquisition of Sadolin’s East Africa operations
Kansai Plascon Africa Limited, a subsidiary of the Osaka-based Kansai Paint Co, has reached a binding agreement for the full acquisition of Sadolin Paints’ operations in Uganda, Kenya, Tanzania, Zanzibar, and Burundi, according to a company statement.
Japan’s Kansai Paint to acquire Sadolin for $87.5 million
Kansai Paint, a Japanese coating company, is looking at acquiring Uganda’s Sadolin Paints for $87.5 million in a bid to expand its African footprint.
Nakumatt to sell 25% stake for $75 million to reduce debt burden
Kenyan supermarket chain, Nakumatt Holdings, will sell a 25% stake to a foreign fund for $75 million, its managing director said on Wednesday.
Opportunity Bank acquired by international fintech company
Opportunity Bank Uganda has been acquired by the MyBucks Group, a Luxembourg-based financial technology (fintech) company that has operations in ten other African countries. MyBucks announced the acquisition in a statement.