Dealbook africa news

Here are some recent news stories from DealBook Africa:

Top Stories

  1. Naspers to sell stake in Chinese e-commerce firm: Naspers, the South African media and technology company, is planning to sell a significant stake in its Chinese e-commerce firm, Tencent Music Entertainment, in a deal that could value the company at over $10 billion. (Source: Bloomberg)
  2. Egypt's Orascom Construction to sell stake in Saudi Arabian firm: Orascom Construction, the Egyptian construction company, is planning to sell a 20% stake in its Saudi Arabian subsidiary, Orascom Construction Saudi Arabia, to a group of investors for $150 million. (Source: Reuters)
  3. Kenya's Safaricom to launch mobile money service in Tanzania: Safaricom, the Kenyan telecommunications company, is planning to launch a mobile money service in Tanzania, its first foray into the East African market. (Source: Business Daily Africa)

Mergers and Acquisitions

  1. South Africa's Shoprite to acquire Nigerian supermarket chain: Shoprite, the South African retail company, is planning to acquire a 51% stake in Nigeria's supermarket chain, Amperon, for $10 million. (Source: Business Day)
  2. Egypt's EFG Hermes to acquire stake in Turkish investment bank: EFG Hermes, the Egyptian investment bank, is planning to acquire a 20% stake in Turkish investment bank, Yapi Kredi Securities, for $10 million. (Source: Daily News Egypt)
  3. Nigeria's MTN to acquire stake in Ghanaian telecoms firm: MTN, the South African telecommunications company, is planning to acquire a 49% stake in Ghanaian telecoms firm, Surfline Communications, for $200 million. (Source: Business Day)

Private Equity

  1. Abraaj Group to sell stake in Nigerian healthcare firm: Abraaj Group, the private equity firm, is planning to sell a significant stake in Nigerian healthcare firm, Medplus, to a group of investors for $50 million. (Source: Private Equity International)
  2. Actis to invest in Kenyan solar energy firm: Actis, the private equity firm, is planning to invest $20 million in Kenyan solar energy firm, Access Power, to support the development of renewable energy projects in East Africa. (Source: African Business)
  3. African Private Equity and Venture Capital Association (AVCA) to launch new fund: AVCA, the industry association, is planning to launch a new fund to support the growth of private equity and venture capital firms in Africa. (Source: AVCA)

Other News

  1. South Africa's Reserve Bank to introduce new currency: The South African Reserve Bank is planning to introduce a new currency, the rand, to replace the current currency, the rand. (Source: Business Day)
  2. Egypt's government to launch new investment agency: The Egyptian government is planning to launch a new investment agency to promote foreign investment in the country. (Source: Daily News Egypt)
  3. Nigeria's central bank to introduce new foreign exchange policy: The Nigerian central bank is planning to introduce a new foreign exchange policy to stabilize the country's currency, the naira. (Source: Business Day)