DealMakers AFRICA
Climate-focused impact investment firm Wangara Green Ventures has announced an investment in Sommalife, an innovative social enterprise based in Ghana. Sommalife provides their digitised network of smallholder farmers with financial inclusion, reliable market access and land restoration services. The undisclosed investment will enable Sommalife to expand its operations, support more rural farmers and so increase its community impact.
HOSTAFRICA, a Cape-based online solutions provider offering a broad spectrum of online solutions including websites, e-commerce platforms and VPS services, has acquired Kenyan company deepAfrica’s hosting assets. deepAfrica will remain a holding company for its construction and web design businesses. Its hosing assets hostpoa.co.ke and jijihost.com brands will rebrand to HOSTAFRICA which will see the company become a leading domain provider in Kenya. Financial details were undisclosed.
Amsons Group, a family-owned conglomerate in Tanzania has made a hostile bid to acquire Holcim owned Bamburi Cement for US$182,89 million. The offer of $0.51 per share to shareholders of the Kenya’s largest cement company represents a 44.44% premium to the closing price on 10 July 2024.
Egyptian fintech arrangement platform EXITS MENA has announced a strategic joint venture with a consortium of Saudi investors led by the founder of Gotrah Ventures. Its expansion into Saudi Arabia will see it leverage opportunities to foster growth and drive innovation among startups and SMEs in the region.
DealMakers AFRICA is the Continent’s M&A publication
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