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


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

Published Date: 2020-09-11 | Source: DealMakers | Author: Marylou Greig

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

DealMakers AFRICA

  • Axis, the Mauritius-headquartered professional services provider, has acquired Hare Mallac Global (HMG) and Harel Mallac Advisory (HMA) from financial services group Harel Mallac & Co. HMG and HMA will be rebranded as Axis Global and Axis Corporate Services and will expand Axis' international reach.
  • Chedid Capital, an insurance and financial services provider based in Lebanon, has entered into negotiations to acquire control of Ascoma Assureurs from the Husson family. The transaction involves only the African activities of the 70-year old Ascoma group and includes the broker's network of 23 subsidiaries in 21 countries on the continent. Financial details were not disclosed.
  • Marvel Gold has signed a binding option agreement with Société Minière et Commerciale over the Sakaar Exploration Permit in western Mali. The permit expands Marvel's footprint in the prolific region, with synergies with its existing Lakanfla project. Under the option agreement Marvel can earn an 80% interest in Sakaar under a three-stage exploration agreement.
  • GreenTec has announced an undisclosed investment in Cameroon digital platform Freshbag. The startup connects farmers and vendors to ensure a fair and reliable food supply network.
  • Solarise Africa, a clean energy and energy efficiency leasing company based in Kenya, has raised $US10 million in Series B funding from existing investors Energy Access Ventures and ElectriFI. The funds will be used to further develop its operations on the continent particularly into West Africa
  • Healthlane, the Cameroonian e-health startup, has raised US$2,4 million in funding from a number of investors including Digital Horizon, Sequoia Capital, Silicon Valley Bank. Healthlane, which connects users with affordable and quality healthcare services, will use the funding to add new features to its app such as telemedicine and medicine ordering as well as build out its ecosystem of medical services.

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

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