Diageo to Sell Controlling Stake in East African Breweries to Asahi in $4.8 Billion Deal
Diageo plc has entered into a definitive agreement to divest its controlling shareholding in East African Breweries Limited (EABL) to Asahi Group Holdings in a landmark $4.8 billion transaction, reshaping the consumer goods and beverage landscape across East Africa.
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Flutterwave Acquires Open Banking Startup Mono in All-Stock Deal Valued Up to $40 Million
African payments giant Flutterwave has acquired Nigerian open banking infrastructure startup Mono, marking a major strategic milestone in the continent's digital financial services ecosystem.
Diageo to Sell Controlling Stake in East African Breweries to Asahi in $4.8 Billion Deal
Diageo plc has entered into a definitive agreement to divest its controlling shareholding in East African Breweries Limited (EABL) to Asahi Group Holdings in a landmark $4.8 billion transaction, reshaping the consumer goods and beverage landscape across East Africa.
AXIAN Telecom Expands East African Fiber Footprint via Acquisition of Wananchi Group
AXIAN Telecom expands its East African digital infrastructure footprint by acquiring a majority stake in regional internet provider Wananchi Group.
Wasoko and MaxAB Complete Landmark Merger to Form Pan-African B2B E-Commerce and Fintech Ecosystem
B2B e-commerce platforms Wasoko and MaxAB have finalized an all-stock merger of equals, creating a combined entity that connects over 450,000 informal merchants across five African markets.
MNT-Halan Raises $157.5 Million to Accelerate Regional Expansion
Egypt’s first unicorn and fastest-growing fintech leader MNT-Halan has secured $157.5 million in new capital to fund its imminent geographical expansion beyond domestic borders.
Moove Secures $100 Million in Series B Funding at a $750 Million Valuation to Scale Global Mobility Financing
Mobility fintech Moove has raised $100 million in a Series B funding round led by new investment from Uber and participation from existing backer Mubadala, bringing its total valuation to $750 million.
Olam Agri Expands West African Footprint with €17M Acquisition of Senegalese Feed Manufacturer Avisen
Olam Agri has expanded its West African presence by acquiring Senegalese animal feed manufacturer Avisen in a €17 million deal, deepening its regional agribusiness footprint.
M-KOPA Raises Over $250 Million in Landmark Financing to Expand Digital Inclusion and E-Mobility
M-KOPA has successfully closed over $250 million in new equity and debt financing, marking one of the largest capital raises in African fintech history.