M&A
Corporate consolidation, cross-border acquisitions, strategic divestitures, joint ventures, and major corporate restructuring transactions shaping African markets.
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Replit Acquires San Francisco AI Analytics Startup Atta
The San Francisco-headquartered AI platform folds Atta’s purpose-built charting engine into Replit Agent, bringing data visualization and SQL-free analytics to its global developer ecosystem.
CA&S Group Acquires Strategic Stake in TDMC
The JSE-listed consumer goods distribution giant secures an initial 30% holding in digital agency TDMC, establishing a phased path to majority ownership and bridging physical distribution with e-commerce.
Attijariwafa Bank to Acquire Controlling 55.22% Stake in Société Générale Ghana
The transaction marks the complete exit of French banking group Société Générale from Ghana, with local pension fund SSNIT securing an additional 5% equity interest.
UAC of Nigeria Agrees to Sell 73.29% Controlling Stake in Livestock Feeds to Sunbeth for N19.5 Billion ($15 Million)
Diversified conglomerate UAC of Nigeria monetizes its majority position in national feed manufacturer Livestock Feeds, unlocking N19.5 billion ($15 million) in cash to redeploy across core growth operations.
Clicks Group Bets $31 Million to Take Controlling Stake in Premium Beauty Retailer ARC
South African retail giant Clicks Group expands its footprint in the prestige cosmetics market by acquiring an additional 35.3% interest in premium beauty retailer ARC Store, lifting its total shareholding to 61%.
Ardova-Led Consortium Enters Agreement to Acquire 100% of Powergas, Africa’s Largest CNG Virtual Pipeline Distributor
Nigerian energy major Ardova Plc spearheads a consortium alongside Diadem Energy to acquire Powergas from A.P. Moller Capital, integrating extensive compression infrastructure to scale retail compressed natural gas (CNG) nationwide.
VEA Capital Partners Acquires Stake In South African Data Science Firm Bonisa AI
The private investment arm of VEA Group backs the artificial intelligence and analytics specialist to accelerate enterprise expansion, commercialize decisioning-as-a-service, and scale advanced credit modeling across African markets.
Pepkor Sells 65% Logistics Stake For $140M To RMB-Backed IronOak
South African retail giant Pepkor unlocks R2.25 billion in capital through a strategic sale-and-leaseback transaction, offloading majority control of core distribution infrastructure while retaining a minority holding.
DNI Deploys Over $115M To Expand Access To Connectivity, Digital Services And Mobile Technology Across South Africa
The digital infrastructure group channels over R2 billion into telecom assets, scaling high-speed fiber deployments, international eSIM connectivity, and mobile distribution across the region.
Kenya High Court Voids Vodacom’s $1.6B Safaricom Stake Acquisition, Ordering Shares Returned to State
A three-judge bench strikes down the controversial cross-border transaction, ruling that the government’s divestiture of a strategic national asset violated public participation laws and constitutional thresholds.
Pigee Acquires 55% Controlling Stake in ShipAfrica to Accelerate West African Expansion
The cross-border logistics-tech acquisition highlights an accelerating M&A trend as foreign platforms leverage local infrastructure and carrier networks to scale across the continent.