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Renaissance Capital Holdings Ltd

Russia-based Renaissance Capital Holdings Ltd appoints Robert Lamprecht as CEO of South Africa

Robert Lamprecht has been named as the South Africa Chief Executive Officer of Renaissance Capital Holdings, a Russia-based investment bank. He replaces Clifford Sacks who now serves as the firm's South Africa Chairman, Bloomberg reported.

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Gillanders Arbuthnot & Co Ltd

Indian firm Gillanders to buy out Malawi-based tea and macadamia producer

Kolkata, India-based business group Gillanders Arbuthnot & Co Ltd entered an agreement to buy out Malawi-based tea and macadamia producer Group Development Ltd for an undisclosed amount, according to a stock market disclosure.

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African Private Equity & Venture Capital Association (AVCA)

Small and medium enterprises in Africa bag $10M from AVCA

For the past 18 months, small and medium enterprises (SMEs) in Africa bagged $10 million in investment from London, UK-based non-profit business development organization African Private Equity & Venture Capital Association (AVCA).

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Clariant

South Africa-based AECI Ltd acquires Clariant's water treatment unit for $36.7M

AECI Ltd, the South African explosives and chemicals manufacturer, will be buying the the African water treatment business of Clariant for a price tag of $36.7 million, Bloomberg reported.

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eFront

South Africa's IDS Fund Services chooses eFront to improve private equity operations

To streamline its private equity and real estate fund operations, South Africa-based IDS Fund Services has selected the technology solutions offered by eFront, a statement said.

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African Metropolis

Africa nabs $1.6B in private equity investments in 2013

Private equity investments in sub-Saharan Africa totaled $1.6 billion in 2013, an increase of 43% from the year before. Sectors in the region which received most investments were energy and natural resources and banking and financial services.

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Microsoft 4Afrika

Microsoft 4Afrika selects five African startups for innovation grant

US tech giant Microsoft selected five African tech startups to receive innovation grants, technical support, and mentorship from Microsoft under its venture arm extension, the Microsoft 4Afrika Initiative.

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Sunmoon Food Company

Singapore-listed Sunmoon invests in American beverage firm True Drinks

Bukit Batok Crescent, Singapore-based fruit and produce firm Sunmoon Food Company has agreed to buy $250,000 (S$317,200) worth of stocks in Nevada, US-based beverage company True Drinks Holdings at $4 apiece.

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Primus Power

California-based Primus Power snags $20M in Series C round

Primus Power, a provider of low-cost grid-scale energy storage solutions, bagged $20 million for the first close of its Series C round led by South Africa-based Anglo American Platinum Ltd.

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Coal mine

Universal Coal agrees to acquire Exxaro's coal mine in South Africa

Australia-listed coal mining firm Universal Coal agreed to acquire the assets and liabilities of Exxaro Resources' New Clydesdale colliery (NCC) in South Africa for an undisclosed amount.

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TNB

Vasari chief grabs majority stake in South African spirits firm TNB

Former Whyte & Mackay chief Vivian Imerman grabbed a majority stake in South Africa-based spirits firm TNB through his own company Vasari for an undisclosed sum to expand his portfolio of liquors and spirits.

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African mineral exploration

African mineral exploration poised to drop amid lack of funding sources

African mineral exploration activity is poised to drop by 15% to 20% in 2014 as sources of funding have dried up due to difficult economic problems, according to David Cox, senior sales executive of SNL Metals Economic Group.

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Jeff Immelt

General Electric Co CEO Jeffrey Immelt asks private investors for more investment in African healthcare

General Electric Co Chief Executive Officer Jeffrey Immelt has asked private investors to pour more funds in African nations where government-run services have been strained, Bloomberg reported.

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Alexander Forbes Ltd

Africa's biggest retirement fund administrator exits stake in Swiss unit of Lane Clark & Peacock ahead of IPO

Johannesburg, South Africa-based independent retirement fund administrator Alexander Forbes Ltd sold its 60% holding in Lane Clark & Peacock's Swiss unit for an undisclosed sum last year, ahead of a 2014 initial public offering (IPO).

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Johannesburg Stock Exchange

As private equity buyers exit investments, Goldman Sachs sees wave of South African listings

Goldman Sachs Group Inc is predicting a flood of initial public offerings to be held in South Africa as private equity buyers divest their investments, Bloomberg reported.

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