DealMakers AFRICA
Abler Nordic, a public-private partnership investing in companies in Africa and Asia, has announced a successful exit from its decade-long investment in Baobab Senegal. Baobab is a financial services group with operations in seven countries across the continent and a presence in one province in China, servicing half a million micro entrepreneurs and small businesses.
Corcel Plc, the AIM-listed extractive industries exploration and development company, is to acquire a 90% stake in Atlas Petroleum Exploration Worldwide (APEX). APEX has working interests in several historically producing oil assets in the Kwanza Basin, onshore Angola. The £800,000 deal is the company’s first oil and gas acquisition and will be settled by the issuance of 200 million new ordinary shares.
Creditinfo Group, a service provider of credit information and risk management solutions, is to acquire two credit bureaus in Uganda and Namibia.
Dawi Clinics, a large chain of outpatient care in Egypt, has raised EGP 250 million in an investment round led by Al Ahly Capital Holdings (ACH), the local investment arm of the National Bank of Egypt. The Egyptian-American Enterprise Fund co-invested alongside ACH. The investment will be used to fund the growth of its chain of clinics across Egypt by opening 30 new branches.
Sadot, a subsidiary of Muscle Maker Inc, a global agricultural-commodity supply chain and emerging growth stage restaurant company, has announced the purchase of 2,000 hectares of agricultural land located within the Mkushi Farm Block of Zambia’s Region II agricultural zone. The land, along with buildings and related assets was acquired for US$8,5 million. Initially wheat, soy and corn will be grown and sold to local African markets with the goal to integrate into Sadot’s international trade, launching a new business vertical in the food supply chain strategy.
DealMakers AFRICA is the Continent’s M&A publication.
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