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


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

Published Date: 2021-02-19 | Source: DealMakers | Author: Marylou Greig

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

DealMakers AFRICA

  • Alma Gold , a Vancouver-based company, has entered into a binding share purchase agreement to acquire the issued and outstanding shares in Karita Gold, an exploration company focused on gold exploration in West Africa. Karita Gold provides high-impact gold exploration exposure, adding further to the company's multi-pronged exploration portfolio.
  • Apex Group, a global financial services provider, has announced the final close of the acquisition of GFin Corporate Services, a Mauritius-based Management Company. GFin provides fund administration services to institutional clients.
  • Linkham Group, a UK-based global insurance solutions firm with operations in South Africa, Mauritius and Ireland, has acquired a stake in Kenyan Resolution Insurance from private equity impact investment firm Leapfrog Investments. The financial details were undisclosed.
  • Amitruck, a Kenyan logistics company, has announced an undisclosed investment led by Dynamo Ventures with participation from Plug and Play Ventures and a collection of strategic angel investors. Funds will be used to expand the startup's reach and customer base in East Africa.
  • Pioneer Diagnostics Centre, a diagnostic imaging service provider in Ethiopia, has received a further investment by Zoscales Partners. Funds will be used to scale up its presence in Ethiopia and build a regional network of healthcare assets.
  • Veggie Victory, a Nigerian plant-based startup, has secured pre-seed investment from four vegan venture funds in Europe and North America. The undisclosed proceeds from Sustainable Food Ventures, Capital V, Kale United and Thrive Worldwide, will be used to develop its product range. The startup's main brand Vchunks is a plant based meat substitute and ready-to-eat snack.
  • Uncovered Fund, a VC firm targeting early-stage starups on Africa has launched its US$15 million fund which will invest between $50,000 and $500,000 in African startups in seed and Series A stages.
  • Pasabahce Egypt, a glassware manufacturer serving markets in the Middle East, Turkey and the US, has received a US$30 million financing package from the International Finance Corporation (IFC). The IFC support will help the company upgrade its glassware production facility outside Cairo.

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

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