Merger and Acquisition
Merger and Acquisition
Cameroonian Government to Acquire Société Générale Cameroon for $191.6 million
The Cameroon government plans to acquire a 58.08% stake in Société Générale Cameroon for $191.6 million. This strategic acquisition comes as Société Générale is divesting its assets across Africa, creating opportunities for Pan-African banks to strengthen their presence through mergers and acquisitions. Recent transactions related to Société Générale&
Merger and Acquisition
African-born Moove Goes Global with Brazil’s Kovi Acquisition
Moove, the African mobility fintech company offering revenue-based vehicle financing, ride-hailing and delivery apps across Africa, has acquired Kovi, an urban mobility startup based in São Paulo. Why does this matter: This acquisition aligns with Moove’s ambitious plan to expand into high-growth markets beyond Africa following its Series B
Finance
Guan Chong Berhad Acquires 25% of Transcao Côte d’Ivoire for $28.9m.
Guan Chong Berhad (GCB), a Malaysia-based cocoa manufacturer and the fourth-largest cocoa grinder globally, is poised to acquire a 25% stake in Transcao Côte d’Ivoire (Transcao CI), a Côte d'Ivoire -based cocoa manufacturer, for a sum of US$28.9 million. Why does this matter: Côte d&
Merger and Acquisition
Moody's Completes Acquisition of African Credit Rating Agency GCR Ratings.
Moody's, the global rating agency, has completed the acquisition of GCR Ratings, a prominent credit rating agency in Africa, gaining full ownership. Why does it matter : GCR Ratings has a strong presence in several of Africa's most robust economies, including South Africa, Nigeria, Kenya, and Mauritius.
Merger and Acquisition
Canal+ increases MultiChoice acquisition offer to $2.9 Billion.
Vivendi SE’s Canal+ French mass media holding company has increased its offer bid to $2.9 billion for MultiChoice the African leading entertainment company. Why is this important: The African pay TV market is expected to grow consistently over the next five years; according to reports from Digital TV