Femi Otedola Tightens Grip On Nigeria’s Oldest Bank, First HoldCo
Femi Otedola has lifted his stake in First HoldCo, parent of First Bank of Nigeria, to 25.87 percent and says...
August 8, 2026Topic
mergers and acquisitions
Diageo Collects a Record EABL Dividend While Its Exit Stays Frozen
The EABL dividend hands Diageo Sh4.47 billion (US$34.5 million) after a record year, while a Kenyan court order keeps its...
August 7, 2026
Bank of America Bets on South African M&A Wave Despite Global Uncertainty
Bank of America expects South African dealmaking to hold up, and has promoted its South Africa investment banking head to...
August 6, 2026
Argentina’s Telecom Ordered to Shed Assets After Movistar Deal
Argentina's competition tribunal ordered Telecom Argentina to divest 6 million mobile customers and 130 MHz of spectrum as a condition...
July 29, 2026
Sabesp-EMAE Merger Vote Proceeds Despite Legal Challenge
Sabesp and EMAE confirm July 30 shareholder vote proceeds as planned despite a dissenting investor’s court action to suspend the...
July 28, 2026
PepsiCo’s Big Indian Bottler Enters Kenya With a $32 Million Dairy Deal
Varun Beverages Kenya entry: the Indian PepsiCo bottler is buying DFIL Kenya's dairy, juice and water business for $32 million,...
July 10, 2026
Abu Dhabi Buys Shell’s South African Network for $1 Billion
ADNOC Distribution will buy Shell’s South African downstream business for about $1 billion — 580 stations and the end of...
July 9, 2026
Africa Posts Its Strongest Deal Quarter in Four Years
African dealmaking rebounded to its strongest quarter in four years, with $4.53 billion across 89 M&A and private-equity deals, led...
July 2, 2026
Abu Dhabi’s Mubadala Puts Rio’s Metro Up for Sale
Mubadala Capital hired Santander to sell its 51.5% stake in MetroRio operator HMobi, which carried 41.6M riders in Q1 2026...
June 29, 2026