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Top African Business Deals of 2012

AFRICANGLOBE - Bankers, private equity groups and multinational companies stake their claims to new territory. In private equity, Actis sold its 85% stake in Ghana's Accra Mall in May to South African property developers Atterbury and financial services group Sanlam.

Angola’s Richest Woman to Acquire Stake In Private Airline

AFRICANGLOBE - Angola’s richest woman and serial entrepreneur, Isabel dos Santos is set to acquire a stake in private airline Halcyonair Cabo Verde Airways, nine...

Zimbabwe Govt Set to Acquire Another Mine

RANI Investment, the majority shareholder in Limpopo Mining Resources, a company that owns the River Ranch diamond mine in which the late general Solomon...

Nigerian Consortium Buys Stake in Two Oil Blocks

A Nigerian firm backed by Britain's Afren and a mainly local consortium have bought major stakes in onshore oil blocks from Shell, Total and Agip for more than $700 million, officials announced Thursday.

Big Companies Scramble for Stake in Kenyan Oil Exploration

According to analysts, oil finds in Uganda and Ghana, combined with the current surge in international crude prices, have done a lot to reshape the perception of oil prospects in new geological fields such as East Africa's, attracting capital into the region.

Walmart Gets The Go-Ahead On South Africa Deal

US retail giant Walmart can go ahead and acquire a controlling stake in Massmart, with conditions, the Competition Tribunal said on Tuesday