deals

A Nigerian integrated energy company, Ardova Petroleum Plc (AP), is finalising an acquisition deal with Enyo Retail and Supply Limited, a fast-growing retail and supply company in the downstream sector, Business Elites Africa can confirm. According to a statement released by AP and seen by this publication, Enyo shareholders have…

South African on-demand delivery startup, Bottles has been acquired by the country's second-largest retailer Pick n Pay. Launched in 2016, with the aim of delivering alcohol, the startup had to pivot grocery delivery in March when alcohol was banned in South Africa and has been steadily growing since. 

Iconic Nigerian politician and former governor of Lagos State, Nigeria’s commercial hub, Bola Ahmed Tinubu, has been accused of fraudulently using a company he owns but operated by proxies to launder billions of naira while he was a seating governor. The company, Alpha Beta Consulting, has allegedly accrued more than…

Good Nature Agro has raised $2.1 million Series A Funding from Goodwell Investments, Global Partnerships, and FINCA Ventures.