Deals - Africa

Solo is pleased to announce that it has signed a binding Memorandum of Understanding ("MOU") to acquire a 15% shareholding in Swiss based Pan Minerals & Oil AG ("Pan Minerals").  Solo will pay a cash consideration of £200,000 plus 60 million new ordinary Solo shares of 0.01p each representing a total aggregate consideration of &pou ... read more

Frutarom Industries Ltd. ("Frutarom") hereby announces that today it signed an agreement through a subsidiary in South Africa to acquire 100% of the share capital of the South African flavors company JannDeRee (Pty) Limited ("JannDeRee") for approximately USD 5.2 million. &a ... read more

Fonds Cauris Croissance II, a West African fund manager owned by Cauris Management, is to invest 4.1 billion FCFA (about £6.3 million) in Banque Atlantique, the regional banking group, through Atlantic Financial Group (“AFG”).   Cauris Management is a private equity fund manager that has been active in West Africa, mainly Francophone ... read more

Pan African and Harmony are pleased to advise their shareholders that the last remaining condition precedent to the Transaction has been fulfilled following receipt of the consent required in accordance with section 11 of the Mineral and Petroleum Resources Development Act, No. 28 of 2002. Accordingly, the Transaction is now unconditional. Pan African shall ... read more

Anglo-African Minerals Plc acquires a further estimated 300 million tonne Bauxite resource in Guinea   The Directors of Anglo- African Minerals plc ("Company"), the dedicated bauxite exploration and development company is pleased to announce the acquisition of Forward African Resources S.A. ("FAR"). T ... read more

On the heels of a strong growth year, Orascom Telecom Holding S.A.E. ("Orascom") and WIND Mobile's founder, Chairman and Chief Executive Officer Anthony Lacavera, jointly announce that they have entered into an agreement to transfer Mr. Lacavera's shares of WIND Mobile Canada to Orascom.    Mr. Lacavera, who plans to lau ... read more

Datatec Limited ("Datatec" or "the Group") (JSE/AIM: DTC), the international Information and Communications Technology (ICT) group, has signed an agreement dated 29 November 2012 ("signature date") to acquire Comztek Holdings (Pty) Ltd ("Comztek"), a major ICT and networking distributor in  Africa fo ... read more

StratMin Global Resources Plc (AIM: STGR), the AIM quoted natural resource investment company focused on graphite mining and exploration, is pleased to announce the conditional acquisition ("Acquisition") of the remaining 85% of shares in Graphmada Equity Pte Ltd ("Graphmada") not already owned by the Company for a consideration of £25.5 million, to be ... read more

Bayfield Energy Holdings plc ("Bayfield" or the "Company") (Ticker Symbol: BEH), an upstream oil and gas exploration and production company with interests in Trinidad & Tobago and South Africa, today announces proposals for a merger with Trinity Exploration & Production Limited ("Trinity").   S ... read more

ABSA have taken over retailer Edcon’s private label credit program in a deal that will ensure a long term relationship between the two.  The alliance will see Edcon retain the customer relationship while ABSA will provide credit underwriting and funding.   The Edcon store card business operates primarily in South Africa (approxima ... read more

Better Capital PCC Limited has been informed of the acquisition of a French company Airia SAS and its subsidiaries ("Airia") by Gardner-Airia Holdings SAS, a sister company of Gardner Group Limited ( ... read more

"Transaction strengthens Coal of Africa's position as one of the most substantial holders of prospecting and mining rights for coking coal in South Africa's Soutpansberg coalfield," says CEO John Wallington.   Coal of Africa Limited ("CoAL" or "the Company"), ... read more

  Paragon Diamonds, the African-focused diamond explorer and developer, is pleased to announce that it has acquired the remaining 1.5% interest in International Diamond Consultants ("IDC") from Obtala Resources Limited. IDC holds interests in the Group's Lemphane and Motete mining exploration projects in Lesotho, the ... read more

Blackstar, the African focussed investment company, is pleased to announce that it has acquired 146,423,470 ordinary shares in MVG (the "Shares"), representing c.28% of MVG's issued ordinary share capital (excluding treasury shares), for R3.20 per share (the "Acquisition"). The Shares have been acquired from funds managed by Coronation Fund Managers for a total ca ... read more

Sekunjalo Investments Limited (SKJ) has acquired a stake in Pioneer Foods Group Limited (PFG) worth more than R95million. This represents 0.75% of the listed Pioneer Foods. According to Sekunjalo's CEO, Khalid Abdulla, the deal is significant for Sekunjalo and is perfectly aligned with the company's strategy to diversify its business and enhance va ... read more

JSE materials supplier Afrimat (AFT) has entered into an agreement to acquire 100% of the issued ordinary share capital of SA Block and its 100% owned subsidiary Clinker Supplies for R123.5 million. The sellers included Aureos Southern Africa Fund LLC, Hans-Elisabeth Pfeffer, S.A. Block Employees Trust and Karl-Anton Pfeffer. The parties to the tran ... read more

Egypt-based Al Borg Laboratories, a medical-testing company controlled by funds managed by Abraaj Capital, has entered into an agreement for the acquisition of 51% of the share capital of the Medical Genetics Center (“MGC”), Egypt’s largest private Cytogenetics-testing laboratory with an estimated 70% share of the Egyptian private market. ... read more

Polo today announces that it has agreed to acquire TSX-V listed AXMIN Inc.'s ("AXMIN") 49 per cent. interest in Nimini Holdings Limited ("Nimini") for a cash consideration of US$9 million. Polo completed its acquisition of a 51 per cent. interest in Nimini on 29 September 2011 and will, upon completion of this acquisition, own a 100 per cent. interest in Nimini.&l ... read more

We are pleased to announce today that Compass Group, through its subsidiary Compass Group Southern Africa (Proprietary) Ltd ("CGSA"), has agreed to acquire Supercare Services Group (Proprietary) Limited ("Supercare") from, amongst others, management, Zungu Investments (Proprietary) Ltd, Corvest 6 (Proprietary) Ltd and Dickerson Investments (Proprietary) Ltd. For the ye ... read more

Datatec Limited ("Datatec", JSE/AIM: DTC), the international Information and Communications Technology (ICT) group, announces that Westcon has agreed to acquire Sentronics SD (Pty) Ltd ("Sentronics"), a South African value added distributor of IT physical security and video solutions. The cash consideration is not disclosed.  This acquisiti ... read more

EO Group has sold its entire interest in Ghana’s Jubilee Oil Field to Tullow Oil plc.  The deal which was completed on 25th July 2011 has increased Tullow's interest in the West Cape Three Points licence offshore Ghana by 3.5 percent to 26.4 percent and its interest in the Jubilee Oil Field, which mainly operates by the co ... read more

Global Petroleum Limited ("Global" or "Company") is pleased to announce that it has now completed the acquisition of Jupiter Petroleum Limited ("Jupiter") which holds prospective oil and gas exploration interests in offshore Namibia and in offshore Juan de Nova, a French dependency in the Mozambique Channel.  Jupiter's assets ... read more

Advised by Banwo & Ighodalo and White & Case, the Federal Republic of Nigeria has launched its debut international bond issue.  The US$500 million 10-year bond, which was sold to US investors under Rule 144A and outside the US in reliance on Regulation S, is listed on the London Stock Exchange. Nigeria is Africa's most populous nation and ... read more