Ascent Rift Valley Fund exits medical diagnostic laboratory services Medpharm
ETHIOPIA – Ascent Rift Valley Fund Ltd (ARVF) has announced that it has exited as a...
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Tag: Divestment
Angola to offload stake in national oil company Sonangol EP and diamond firm Endiama
ANGOLA – Angola plans to complete the sale of stakes in national oil company Sonangol EP and...
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Airtel Africa divests 25% stake in its local mobile money business, Airtel Money
KENYA – Airtel Africa, a multinational company that provides telecommunications and mobile money...
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Investment firm Actis sells its stake in AutoXpress to private equity firm AfricInvest
KENYA – Investment firm Actis has exited from AutoXpress, an importer, distributor and retailer of...
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Eni divests its stake in Algeria-Italy gas pipelines to energy infrastructure firm Snam
ALGERIA – Italian oil and gas company Eni has agreed to sell a 49.9% stake of its subsidiaries...
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MTN exits Yemen as it shifts focus on the African market
SOUTH AFRICA – MTN Group has announced the Group’s exit from our operation in Yemen in a...
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MTN to sell its South Africa cellphone towers to IHS in a US$413.5m deal
SOUTH AFRICA – MTN South Africa has reached an agreement to sell its cellphone towers to IHS...
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Kibo Capital divests its stake in logistics and distribution company General Cargo Group
KENYA – Kibo Capital Partners, a private equity management company, has sold its interest in...
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Omnia Holdings, Autumn Storm divest their majority stake in Umongo Petroleum
SOUTH AFRICA – Omnia Holdings (Omnia), a diversified chemicals company, and minority...
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Life science startup Nawah Scientific offloads strategic stake to Essam Abdelhadi
EGYPT – Nawah Scientific, an Egypt-based life science startup, has sold a...
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Condiment maker GBfoods attains full ownership of Africa’s operations
AFRICA – Global culinary products manufacturer GBfoods has undertaken a share buy-back at its...
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James Finlay divests from flower business with sale of Kericho farm
KENYA – Black Tulip Group has bought Kericho-based flower farm from James Finlay Kenya for...
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