deals
QUICK TAKE: Nigeria’s FCMB Group Announces Acquisition of AIICO Pension Managers Ltd
Following the acquisition, AIICO Pensions Limited will henceforth become an indirect subsidiary of FCMB Group.
Read More »Congo Moves to Profit from the Booming Electric Vehicle Market
The Republic of Congo is in talks with the Swiss mining giant, Glencore to reopen the country's largest cobalt mine, Mutanda. Congo's new mines minister Antoinette N’Samba Kalambayi met with representatives from the Swiss mining company on Monday to discuss the reopening of the mine, which closed in November 2019…
Read More »DEAL: Access Bank Has Completed Acquisition of BancABC Mozambique
Access Bank Plc announced earlier this morning that it has finalised the acquisition of BancABC Mozambique through its wholly-owned banking subsidiary, Access Bank Mozambique SA.
Read More »Egypt’s Fintech Startup Raises US$5m Pre-seed Funding 1 Month After Launch
Barely one month after launch, a North Africa fintech startup, Telda, has raised US$5 million pre-seed funding. The fund is expected to help the Egypt-based company solidify its operations. The digital bank was launched by tech entrepreneurs, Ahmed Sabbah, Swvl’s co-founder and former CTO, and Youssef Sholqamy, ex-senior engineer in…
Read More »African Banks Including Zenith, Access Lobby to Acquire Union Bank
Pan-African banking group, Atlas Mara, has received offers from Zenith bank and Access bank for the acquisition of its 49.97% stake in Union Bank Plc, Nigeria’s sixth-biggest bank by market value, Bloomberg reports. The two Nigerian banks are said to be among the financial institutions from Africa and the Middle…
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