Who’s doing what in the African M&A space?

print

Who’s doing what in the African M&A space?

Published Date: 2019-02-08 | Source: DealMakers | Author: Marylou Greig

Who’s doing what in the African M&A space?

DealMakers AFRICA

  • Finnfund a Finnish development finance company, is to provide a €2,5 million secured loan to Africado, a Tanzanian avocado producer. Africado, established in 2007, farms 137 hectares around the Kilimanjaro area and contracts other commercial and local smallholder farmers. Africado is Tanzania's first commercial and international grade producer of avocados and specialises in the Hass variety.
  • Engineers Without Borders Canada has announced a follow-on investment, the value of which was not disclosed, in Kenyan fintech startup FarmDrive. FarmDrive is set to unlock millions of dollars in loans over the next five years for smallholder farmers in Kenya and sub-Saharan Africa.
  • Niger Delta Exploration & Production plc has acquired c.14% equity stake in Consolidated Hallmark Insurance plc, a General Business and Special Risk Insurance underwriter in Nigeria.
  • The Coca-Cola Company has announced it has completed the acquisition of the remaining 60% stake in Chi, the Nigerian innovative, fast-growing leader in expanding beverage categories, including juices, value-added dairy and iced tea.
  • Agri-Development Company (AgDevCo) has announced a $3 million investment in Kokoo, a licensed cocoa buying company is Ghana owned by a cooperative of smallholder cocoa farmers. The trade finance facility will allow the company to purchase coca beans from its network of some 100,000 farmers.
  • Veon a Telecoms operator based in Amsterdam and operating companies in Russia, Asia and North Africa, has indicated it intends to acquire the 42.3% stake in Global Telecom it currently does not own. Veon called off a previous attempt to acquire Global in October last year.
  • First Quantum Minerals it is being speculated, has offered to buy the state-owned ZCCM Investments' 20% stake in Kansanshi mine for $7million.
  • Kodal Minerals the AIM-listed mineral explorer and developer, has negotiated an agreement which gives the company exclusive rights to explore, and an option to acquire, two new concessions of the advanced Bougouni lithium project in Southern Mali.
  • Coca-Cola Beverages Africa has received the requisite regulatory approval to acquire Fairy Bottling Zambia. The company commenced its first day of operations this week on February 4, 2019. Aside from other soft drink trademarks, Fairy Bottling produces Aqua Savana and Super Maheu.

DealMakers Africa is the Continent's M&A publication.
www.dealmakersafrica.com



...back to DealMakers




Similar Stories