Syntaxis launch US$33m equity fund to bridge financing gap for SMEs in Africa

Syntaxis launch US$33m equity fund to bridge financing gap for SMEs in Africa

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NIGERIA – Syntaxis Capital Africa, an independent fund manager for Sub-Saharan Africa has launched US$33.19 million private equity fund to bring financing to Small and Medium Enterprises (SMEs)in Nigeria and other selected African countries. The main goal of the funding is to…

German based Brenntag Holding gets nod to acquire Kenyan firm Desbro

German based Brenntag Holding gets nod to acquire Kenyan firm Desbro

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KENYA – The Competition Authority of Kenya (CAK) has approved acquisition of Kenyan chemical distributor Desbro Limited by Brenntag Holding B.V., a subsidiary of Germany-based chemical distributor Brenntag Group, reports Business Daily. CAK approved the acquisition on condition that Brenntag retains 80…

CCBA completes acquisition of Zambia bottling business from Zambian Breweries

CCBA completes acquisition of Zambia bottling business from Zambian Breweries

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ZAMBIA – Zambian Breweries has finalised the sale of its Coca-Cola bottling business to Coca-Cola Beverages Africa (CCBA), as CCBA continues its journey to consolidate its soft beverage bottling operations in Africa. Zambia Breweries, which a subsidiary of Anheuser-Busch InBev (AB InBev), the…