Labat Africa enters cannabis market, secures trading licence in Lesotho

Labat Africa enters cannabis market, secures trading licence in Lesotho

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SOUTH AFRICA – South Africa’s investment group Labat Africa is set diversify into the booming multi-billion dollar cannabis industry. This is after it acquired a trading license to cultivate, manufacture, supply, hold, import, export and transit cannabis in the Kingdom of Lesotho….

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…

CDG Capital invests in Moroccan pharmaceuticals business Steripharma

CDG Capital invests in Moroccan pharmaceuticals business Steripharma

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MOROCCO – CDG Capital Private Equity has announced an investment in Laboratoires Steripharma, a Moroccan pharmaceutical laboratory that manufactures generic medicines. According to the terms of the transaction, CDG has acquired a stake in the Company from several minority shareholders. Steripharma was…