Bamburi gets higher buyout offer after Tanzania’s Amsons Group
Savannah Clinker Limited has made a competitive offer to acquire 100% of Bamburi Cement’s shares, challenging an earlier offer...
Insights, trends and profiles of African businesses.
African Energy Chamber endorses Oando’s $783M buyout of Nigerian Agip Oil Company
Nigerian energy company Oando PLC has successfully completed its acquisition of 100% of the shareholding interest in the Nigerian...
Ibex Group takes South African Reserve Bank to court over blocked $508 million payment
Ibex Group, previously known as Steinhoff, has filed a lawsuit against the South African Reserve Bank (SARB) after the...
South Africa’s leading second-hand clothing marketplace Yaga to expand into Kenya and Nigeria
South Africa’s leading marketplace for second-hand clothing, Yaga, has announced plans to expand its operations into Kenya and Nigeria,...
Sibanye Stillwater’s lifeline: Can a $101 million gold deal turn the tide?
South African mining giant Sibanye Stillwater has secured a 1.8 billion rand ($101 million) gold prepayment deal, a lifeline...
Why South African engineering firm Aveng is splitting into two companies
Multinational JSE-listed, engineering-led contractor Aveng has announced plans to divide its operations into two separate entities: McConnell Dowell and...
Qatar Airways acquires 25% stake in South African airline Airlink
Qatar’s flag carrier, Qatar Airways has acquired a 25% stake in South African regional airline Airlink in a bid...
Why Harmonize must pay over $40K to Tanzania’s largest commercial bank
Tanzanian superstar Rajabu Abdulkahali Ibrahim, popularly known as Harmonize, has been ordered to pay Tshs 113 million ($41,810) in...
10 common financial mistakes entrepreneurs make
The world, and particularly Africa, is turning to entrepreneurship especially now that the rate of unemployment is significantly rising...
SA’s Technical Systems wins 7-year copyright infringement case against ex-employee
After a protracted seven-year legal battle, South Africa’s Western Cape High Court has ruled in favour of Technical Systems,...