French investor Creadev acquires stake in Twiga Foods worth US$5M

French investor Creadev acquires stake in Twiga Foods worth US$5M

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KENYA – Creadev, a French-based investor, has acquired an undisclosed stake worth US$5 million (Sh500 million) at Kenya’s leading online grocery platform, Twiga Foods. Creadev is a global long-term investment firm wholly funded by the Mulliez family. According to a statement announcing…

ECOWAS to implement automotive industry policy to reduce vehicle import

ECOWAS to implement automotive industry policy to reduce vehicle import

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GHANA – Economic Community of West Africa States (ECOWAS) is considering implementation of automotive industry policy to reduce importation of vehicles into the region. According to GNA report, the validation of ECOWAS Automotive Industry Policy Framework would enable member states countries to…

Coast2Coast further offloads 11.5% stake in Ascendis Health

Coast2Coast further offloads 11.5% stake in Ascendis Health

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SOUTH AFRICA – Ascendis Health’s private-equity backer, Coast2Coast, has sold an additional 11.5% stake in the healthcare company effectively reducing its stake in Ascendis to just 14%. Coast2Coast through its subsidiary Gane Holdings, owned 25.5% of Ascendis in December 2018, and a…