PublicVine receives $5 mln investment

Nam Mokwunye's PublicVine, video marketplace startup allowing sellers and buyers alike to acquire videos has received $5 million funding round in time for the company to launch globally on June 6 this year.

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UK retail chain Poundstretcher shells out $1M to branch out to Zambia

Huddersfield, UK-based retail chain Poundstretcher shelled out $1 million to branch out to Zambia as it begins to beef up its presence in Africa and establish its name as an international brand.

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Microsoft reiterates commitment in Africa through a 20-year business plan

Microsoft said through its newly appointed head Kabelo Makwane that it has reinstated its development commitment in the Africa through a 20-year business plan that would boost economic growth and development in the African region.

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Brazil's Petrobas to sell its assets in Nigeria

Petrobas, the top oil producer of Brazil, has been looking for potential buyers to acquire its assets in Nigeria valued $5 billion as the company plans for divestment of international assets.

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Seven Energy International Limited receives $225 mln equity capital

Seven Energy International Limited has received $225 million equity capital from investors including Singapore's Temasek, IFC and the IFC ALAC Fund to be used for corporate affairs and boosting dometic energy markets in Nigeria.

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CFAO Auto Group looks at entering the Nigerian car manufacturing market

CFAO Auto Group has been looking at the potential car market in Nigeria following other multinational companies including Toyota, Nissan and Kia's entrance to the country through local partnership with distributors for car assembly and production.

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Seplat: To end gas flaring in Nigeria in 5 years

Oil and gas producer Seplat, the first publicly listed oil and gas firm in the Nigerian bourse, said that it would end its gas flaring activities in the country by September and expects that the practice would be halted in the country by 2020.

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Carlyle invests in sub-Saharan African region valued USD698

US-listed fund manager Carlyle has invested USD698 million to the sub-Saharan Africa region aiming to focus in the consumer, transport, ICT and financial sectors and adding to J&J Africa, its current investment in the country.

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BCX eyes acquisitions and investment opportunities in Africa

Midrand, South Africa-based innovative business solutions integrator Business Connexion (BCX) is eyeing additional acquisitions in Ghana and investment opportunities in the Kenya and Nigeria to widen its presence in the said markets.

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Abraaj picks up stake in Moroccan chocolate maker Kool Food

Dubai, United Arab Emirates (UAE)-based firm Abraaj Group picked up a stake in Casablanca, Morocco-based chocolate manufacturer Kool Food for an undisclosed amount to back the latter's international distribution plans.

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Didier Drogba partners with French clothing brand HOM for underwear line to be launched in May

International soccer star Didier Drogba has partnered with HOM to launch his clothing brand in May, a French clothing brand for men, reported Ventures Africa.

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TPG Growth to invest $100M in joint venture with Smile Group to help businesses expand to India and Africa

New York, US-based investment firm TPG Growth committed $100 million in a joint venture with Gurgaon, India-based emerging business market builder Smile Group to help Internet and e-commerce firms expand to India, Africa, and other emerging markets.

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Sources: Kenya's Britam to acquire 30 percent stake in Continetal Re Kenya Ltd

Kenya's Britam would acquire 30 percent stake in Continetal Re Kenya Ltd in a deal valued USD3.5 million, reported Ventures Africa.

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Asian Paints picks up 51pct stake in Ethiopian paint maker Kadisco

Mumbai, India-based decorative and industrial paint manufacturer Asian Paints (International) Ltd picked up a 51% stake in Ethiopia-based paint maker Kadisco Chemical Industry PLC for an undisclosed amount.

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Growthpoint Properties Ltd.engages in share-swap deal, acquires holdings in two real estate firms

Growthpoint Properties Ltd. has agreed to acquire stake in two real estate firms in South Africa following a share-swap deal, reported Bloomberg.

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