DealMakers AFRICA

Development Partners International and some co-investors, have signed a binding agreement to acquire a minority stake in Egyptian healthcare group Alameda Healthcare. The deal is valued at US$190 million. The funding will be used for expansion within Egypt as well as across the Gulf Cooperation Council region. Established in 1999, Alameda Healthcare operates a range of services across the healthcare sector.

Nigerian crypto startup Roqqu has acquired Fitaa, another crypto exchange with operations in Nigeria and Kenya. The financial terms of the all-cash deal were not disclosed. The deal marks Roqqu’s entry into the East Africa digital asset market.

Nawy, an Egyptian proptech, has acquired a majority stake in Dubai-based SmartCrowd, a DFSA-regulated platform that enables fractional property investment in the region. The expansion follows Nawy’s recent US$52 million Series A fundraise in May. Earlier this year, Nawy acquired asset management and home finishing startup ROA, relaunching it as Nawy Unlocked.

Equatorial Coca-Cola Bottling Company (ECCBC) and Coca-Cola Beverages Africa (CCBA) have reached an agreement which will see ECCBC acquire Voltic (GH) Limited and West African Refreshments Limited (WARL). Voltic is a subsidiary of CCBA and WARL is a subsidiary of CCBA and of The Coca-Cola Company (TCCC). Financial terms were not disclosed.

Guaranty Trust Holding Company began trading on the London Stock Exchange on 9 July 2025. The company cancelled its GDR’s listing and concurrently launched a US$105 million equity offering at a reference price of ₦70.00 each.

South African headquartered Stefanutti Stocks (SSH) has terminated the 2022 agreement it signed with Mauritian CCG-Compass Consulting Group to sell its businesses in Mozambique and Mauritius. As part of the restructuring plan agreed to by the Board and lenders, SSH has entered into an agreement with East Africa Enterprises, a privately owned business established in the Dubai Multi Commodities Centre Authority. SSH will receive an aggregate of US$3,9 million for the businesses with $700,000 payable for the Mauritian entity and a total of $3,2 million for the Mozambique subsidiary. The proceeds, payable by 31 December 2025, will be used to reduce the current funding facilities.

Chariot Corporation announced it has entered into a binding share sale agreement to acquire a 66.7% interest in a portfolio of Nigerian hard-rock lithium projects from Continental Lithium. The portfolio comprises four project clusters—Fonlo, Gbugbu, Iganna, and Saki—located across Nigeria’s Oyo and Kwara States, and includes eight Exploration Licences and two SmallScale Mining Leases (SSMLs). These licences will be transferred to a newly established joint venture entity, C&C Minerals, which will be 66.7% owned and controlled by Chariot. Continental will hold the remaining 33.3% interest. Chariot will make a total cash payment of US$1,5 million and issue 42 million shares in consideration.

DealMakers AFRICA is the continent’s quarterly M&A publication
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