A consortium led by Salt Capital, which includes the German development finance institution DEG and management shareholders, has announced the signing of a sale and purchase agreement for the sale of 100% of the issued share capital of Deep Catch Namibia Holdings (“Deep Catch”) to JSE-listed Imperial Logistics Limited (“Imperial”) for an estimated purchase consideration of N$633 million.

Key political moments of our time – the handover of Hong Kong for one – jostle with Wodehousian observations of grand shooting parties and the right way to wear a club tie in Algy Cluff’s latest gem. Off the Cluff is an erudite and eclectic collection from the much admired pen of a true character.

FTI Consulting South Africa and Corruption Watch recently co-authored an article titled ‘Addressing Corruption in South Africa’ in which we argued, inter alia, that consideration should be given to allowing criminal offenders to self-disclose and subject themselves to an administrative penalty to avoid criminal prosecution through the mechanism of deferred prosecution agreements (“DPAs”).

When it launched its Africa Bond Fund back in 2014, MCB Investment Management (MCB IM)   became an early player in the pan-African fixed income space. . Over time, the team has built up considerable expertise in the management of funds and portfolios focused on African local and hard currency (USD and EUR denominated) bonds.

Roland Siller will be the new CEO of DEG - Deutsche Investitions- und Entwicklungsgesellschaft mbH. After consulting DEG's Supervisory Board on 27 May, 2021, KfW Group, as the shareholder of DEG, decided to appoint him for three years.

Roland Siller will be the new CEO of DEG - Deutsche Investitions- und Entwicklungsgesellschaft mbH. After consulting DEG's Supervisory Board on 27 May, 2021, KfW Group, as the shareholder of DEG, decided to appoint him for three years.

Roland Siller will be the new CEO of DEG - Deutsche Investitions- und Entwicklungsgesellschaft mbH. After consulting DEG's Supervisory Board on 27 May, 2021, KfW Group, as the shareholder of DEG, decided to appoint him for three years.

Welcome to the April edition of the Addleshaw Goddard Africa Group Newsletter. We hope you enjoy reading a selection of business news and articles from around the continent.

ICAP AFRICA has launched a new division - AFRICA DIRECT - which offers a comprehensive range of financial services to corporate clients and institutional investors who are likely to be exposed to risk in African markets. Africa Direct will focus on financial risk analysis and risk management that is supported by real-time financial market data and analysis. The new division will have its headquarters in Johannesburg and will be headed by financial analyst and manager, Duncan Keil.

The Charles Russell Speechlys Africa Team has advised Ascent Capital Africa on the establishment and fund raising for its second fund, Ascent Rift Valley Fund II (ARVF II), which has had its first rolling close at more than USD 100 million, significantly exceeding its initial target of USD 80 million.

Global law firm Clyde & Co advised leading Commercial & Industrial (C&I) solar company, Premier Solar Group, on the sale of a 50% stake in its East African operations to Starsight Energy, a West African C&I energy-as-a-service provider.

Invest Africa, the leading business and investment platform for African markets, and Absa Group, one of Africa’s largest diversified financial services groups, are pleased to announce a strategic collaboration, aimed at supporting the development of business and investment on the continent, and the growth of Absa Group as a leading African retail, corporate and investment bank.

Mediterrania Capital Partners’ portfolio company Akdital Holding owns Ain Borja, the Casablanca clinic that assisted the birth of nine babies by a Malian woman

Invest Africa (www.InvestAfrica.com), a prominent business and investment platform for African markets, and APO Group (www.APO-opa.com), the leading Pan-African communications consultancy and press release distribution service, have entered a partnership agreement to help boost African economies.

Welcome to the April edition of the Addleshaw Goddard Africa Group Newsletter. We hope you enjoy reading a selection of business news and articles from around the continent.

Port-Louis, April 2021: MCB is facilitating Senegal’s endeavour to improve its national electrification rate through its USD 60 million participation in the syndicated project finance facility of USD 140 million to Karpowership.  MCB was not only a co-mandated lead arranger but provided the highest loan commitment.  The project finance facility is enabling Karpowership to operate its 235 MW Powership alongside the shores of Dakar since August 2019. 

Ransomware is, by multiple measures, the top cyber threat facing businesses today, with damages caused including downtime costs and recovery time.

With the growth of economies across Africa, competition law has remained one of the key drivers for effective market participation, consumer protection and fair business practices. However, the global pandemic introduced new challenges for competition authorities in Africa and abroad, with each enforcer pursuing the most beneficial enforcement method for its national or regional jurisdiction.

Agility, a leading global logistics and warehouse provider has opened a new Agility Logistics Park in Maputo, adding to its growing network of international-standard warehouse parks serving key African markets.

Radisson Hotel Group is proud to announce its first resort and third hotel in Zambia, with the signing of Radisson Blu Resort Mosi-oa-Tunya, Livingstone, Zambia.