Acquisition Insurtech

First Bank Exits Insurance Business, Sells 65% Stake to SA’s Sanlam

First Bank of Nigeria has sold its remaining 65% stake in FBN Insurance to Sanlam, South Africa’s largest insurance company.

Link Commerce
Acquisition Ecommerce

DHL Express Buys Minority Stake in Link Commerce, the Company Behind MallforAfrica

DHL Express has bought a minority stake in Link Commerce, the UK-based e-commerce firm that helped the logistics company develop 

Giphy
Acquisition

Facebook Buys GIF Company Giphy For $400m

Facebook has announced that it had acquired Giphy for a reported sum of $400 million. Giphy — whose trove of

M-Pesa
Acquisition Business Fintech

Vodacom and Safaricom Buy Out Vodafone in M-Pesa Deal

Vodacom and Safaricom are now the 100% owners of M-Pesa after they bought the shares of Vodafone. Safaricom was a

Farmcrowdy
Acquisition AgricTech Business

Farmcrowdy Acquires Meat Processor, Best Foods L&P to Offer Wider Livestock Production and Processing

Farmcrowdy has announced the acquisition of Best Foods (L&P) to offer a wider livestock production and processing solution to the

GoDaddy
Acquisition Business SMEs

GoDaddy Acquires South African Social Content Firm Over

GoDaddy, an American internet domain registrar and web hosting company has announced the acquisition of Over a South African social

Bolorims
Acquisition Business Ecommerce

Nigeria’s Bolorims Partners Kenyan Ecommerce Startup AfricaSokoni to Launch Bolosokoni.com

Bolorims, a Nigerian ecommerce startup has partnered with its Kenyan counterpart, AfricaSokoni to launch Bolosokoni.com in West Africa. As part

Paga
Acquisition Africa Fintech

Paga Acquires Ethiopian Software Devt Company Apposit, Expands to Mexico

Paga, a Nigerian fintech startup has acquired Apposit, an Ethiopian fintech startup for an undisclosed fee. Paga also announced that

E-Motion
Acquisition Business Technology

Sim Shagaya’s Ad Company, E-Motion Acquired by Seyi Tinubu

Fifteen years ago, Sim Shagaya, the founder of Konga, established an Advertising company named E-Motion. The company which has survived

Interswitch
Acquisition Investment Payment

Visa to Acquire 20% Stake in Africa’s Integrated Payments Solution Company, Interswitch

Visa, the global credit card giant is reportedly planning to acquire a 20% stake in Interswitch, Africa’s integrated payments, and