The Asset Management Corporation of Nigeria (AMCON) has confirmed the sale of the Ibadan Electricity Distribution Company (IBEDC) for ₦100 billion as the Federal Government moves...
PZ Cussons Plc has agreed to sell its 50 percent equity stake in PZ Wilmar Limited to Wilmar International Limited for a total consideration of $70...
Meta Platforms Inc. has acquired a 49% nonvoting stake in artificial intelligence infrastructure company Scale AI in a $14.3 billion strategic investment aimed at accelerating its...
Access Bank has acquired 100% equity in the National Bank of Kenya (NBK) as it moves to expand its business across the East African region. The...
Shell Nigeria Exploration and Production Company (SNEPCo) has signed a definitive agreement to acquire a 12.5% participating interest in Oil Mining Lease (OML) 118 from TotalEnergies...
Access Bank PLC, a subsidiary of Nigeria’s Access Holdings PLC, has secured final approval from Kenya’s key financial authorities to acquire 100 percent ownership of the...
Diageo Plc has completed the sale of its entire 54.4 percent stake in Seychelles Breweries Limited to Phoenix Beverages Limited for approximately $80 million as part...
The Senate has raised concerns over the proposed divestment of Lafarge Africa Plc by its majority shareholder, Holcim AG, to Huaxin Cement Co., a Chinese cement...
Former U.S. President Donald Trump has indicated he may consider lowering tariffs on Chinese imports as part of efforts to secure a deal for the sale...
PepsiCo has strengthened its foothold in the functional beverage sector with the acquisition of Poppi in a deal valued at $1.95 billion. Announced on Monday, the...
