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Radio Africa

Times Media Group acquires Radio Africa Limited in a deal valued USD18.62 million

South African company Times Media Group has acquired a majority stake in Radio Africa Limited valued USD18.62 million, reported Ventures Africa.

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88mph

African startup accelerator 88mph to expand to Nigeria

Cape Town, South Africa-based startup accelerator 88mph is expanding to Lagos, Nigeria to begin a new venture with seed funding specialist L5Lab to fund startup programs.

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Times Media Group

South African firm Times Media picks up 49pct stake in Radio Africa in $18.6M deal

Johannesburg, South Africa-based media firm Times Media Group (TMG) picked up a 49% stake in Nairobi, Kenya-based broadcasting company Radio Africa Ltd in a deal valued at $18.62 million ZAR1.58 billion.

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Microsoft Ventures

Microsoft innovates Indian hotline for startups

Microsoft has innovated an Indian hotline for startups to give advice, available during business hours from Monday to Friday, reported Venture Beat.

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BNP Paribas

BNP Paribas acquires South Africa's RCS

BNP Paribas has acquired RCS in a deal valued USD250 million, reported Ventures Africa.

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UBA

UBA announces slowing down on Africa expansion

The United Bank for Africa has revealed that it would slow down its expansion in Africa that would be favorable to Nigeria's power projects, reported Ventures Africa.

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Seplat's CEO

Seplat's listing is expected to spur IPO on Nigerian Stock Exchange

Seplat's public debut has been expected to increase IPOs on the Nigerian Stock Exchange, reported Ventures Africa.

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Lisec Group

Austria's Lisec Group to enter Nigerian glass markets, reveals expansion plan

Lisec Group disclosed expansion plans directed to entering the Nigerian glass market, reported Ventures Africa.

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AFIG

Advanced Finance and Investment Group (AFIG) to raise USD200 million investment for SMEs in Africa

Advanced Finance and Investment Group (AFIG) would raise USD200 million investment for SMEs in Africa in the next two years, said a report from Ventures Africa.

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NSE

Seplat Petroleum Development Company prices IPO, values the oil and gas producer at USD1.91 billion

Seplat Petroleum Development Company has set its price for an IPO at USD1.67 per piece with dual listings on the Nigerian Stock Exchange and the London bourse, reported Ventures Africa.

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Databank Financial Services

Databank Financial Services launches private equity fund for agricultural sector in Africa

Databank Financial Services has launched a private equity fund to cater to small and medium industries in Africa's agricultural sector.

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PricewaterhouseCoopers

PwC purchases Booz & Company

PricewaterhouseCoopers has announced its acquisition of Booz & Company without disclosing financial terms of the deal, reported Ventures Africa.

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TransCentury

TransCentury sells stake in railway firm Rift Valley Railways

Kenya's investment firm TransCentury has sold 34 percent of the stake it holds in Rift Valley Railways to Citadel, reported Ventures Africa.

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Sugar

Investments surged in Nigeria's sugar industry

The sugar industry of Nigeria would be expecting a lot of hefty investments from key players in the market following the increase of demand for sugar, reported Ventures Africa.

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Sanofi Aventis

Sanofi looking growth in Africa through acquisitions

Sanofi is looking to grasp a good hold in Africa through acquisition of business units, according to the firm's CEO Chris Viehbacher who told Reuters.

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