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


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

Published Date: 2019-09-06 | Source: DealMakers | Author: Marylou Greig

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

DealMakers AFRICA

  • Engie a French multinational electric utility company, has expanded its decentralised energy offering in Africa through the acquisition of Mobisol, a pioneer of off-grid solar solutions. Mobisol has operations in Tanzania, Rwanda and Kenya.
  • Oikocredit, the social impact investor, has made a KSh1 billion investment in Credit Bank. Funds from the minority investment will be used to grow its SME loan profile and to further build on the trade finance solutions currently offered.
  • Pearl CapitalPartners, through the Yield Uganda Investment Fund, has committed to investing UGX3,9 billion in Raintree Farms, an agri-ceutical enterprise specialising in production and processing of organic moringa. This is the fund's fifth investment in Uganda.
  • Shumba Energy, an energy development company listed on the Botswana and Mauritius stock exchanges, has concluded a joint venture partnership which has resulted in it holding an 80% stake in Botswana energy company Coal Petroleum.
  • African Gold, the ASX listed African focused mineral exploration company, has entered into a conditional share purchase agreement to acquired Abra Resources, adding to the recently secured Faleme Gold Project in Western Mali in addition to the currently held Agboville Gold Project in Cote d'Ivoire.
  • ElectriFi, an impact investment fund, has invested $5 million in PEG Africa, a West African-based pay-as-you-go solar company. The funding which is subordinated junior debt will be used for growth in PEG's existing markets.
  • Adenia Partners, the private equity firm, has through a special purpose vehicle Sokoni Retail Kenya, concluded a deal to acquire a majority stake in retailer Quick Mart for an undisclosed sum. Quick Mart will be merged with Tumaini Self Service and Tumaini supermarkets will trade under the Quick Mart brand name.
  • C&I Leasing has submitted an application to the Nigerian Stock Exchange for the approval and listing of a Rights Issue of 539,003,333 shares on the basis of four new ordinary shares for every three ordinary shares held.

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

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