East African Breweries to raise stake in Serengeti Breweries by 30%

EAST AFRICA – East African Breweries Limited (EABL) seeks to acquire an additional 30 percent stake in its Tanzanian subsidiary, Serengeti Breweries Limited, in a deal that will deepen its grip. The deal comes barely […]

CAK approves acquisition of minority stake in Naivas by French PE fund

KENYA – The Competition Authority of Kenya (CAK) has approved acquisition of a minority stake in Kenyan retail chain Naivas by French private equity fund Amethis Finance. Amethis has made the acquisition alongside its partners […]

Public Investment Corporation of South Africa increases stake in Nampak to 20.5%

SOUTH AFRICA – The Public Investment Corporation of South Africa, responsible for investing Government Employee Pension Fund, has increased its stake in Africa’s largest packaging manufacturer, Nampak. The PIC previously held 10.47% in Nampak which […]

GPI plans to offload majority stake in Burger King in move to become an investment company

SOUTH AFRICA – Grand Parade Investments (GPI), the master franchise holder for Burger King in SA, is in talks with an unnamed buyer to offload a majority stake in the local operations of the US […]

Kenyan Billionaire Investor John Kimani raises stake in Kakuzi plc to 32%

KENYA – One of Kenya’s most prominent investors, John Kibunga Kimani has bought an additional 263,526 shares in Kakuzi with a current market value of Sh101 million (US$973,00), raising his stake to a new high […]

ZAMCO to dispose it’s 57.4% stake in Star Africa amid profitable turn around

ZIMBABWE – The Zimbabwe Asset Management Company (ZAMCO) is planning at disposing its 57.4% stake in Star Africa corporation limited, manufacturing and marketing sugar-based products under the brand names, Goldstar Sugar and Country Choice Foods. […]