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Week commencing 3 December
Tunisian-based investment and financial services company AfricInvest has invested €12.2m in Les Centaures Routiers (LCR), the largest independent transportation company in Côte d’Ivoire. The investment is to support LCR’s ambition to become one of the main independent local logistics platforms in Côte d’Ivoire.
Africa Global Funds 26 November
Pan-African service reinsurer Continental Reinsurance has received an offer from Nigerian CRE Venture Capital to acquire all its outstanding and issued shares. The company is making the offer in order to initiate a restructuring exercise to consolidate its operations and reposition it for the global insurance market.
Liquid Africa 27 November
Dutch private equity fund DOB Equity has bought a stake in Kenyan-based agro-processing company Ten Senses Africa to help it capitalise on the fast-growing demand for macadamia nuts. The investment will fund the company’s expansion of its processing capacity and finance the launch of new products.
Liquid Africa 26 November
Sudanese-based multinational company Faraja tea has launched its own line of premium tea in Kenya. Faraja tea is owned by Cofftea Trading Company and will now trade at local retailers alongside established brands such as Ketepa and Kericho Gold. Cofftea Trading Company also operates in several other countries including the United Arab Emirates and Egypt.
Business Daily 28 November
Global Spanish hospitality and tourism provider Barcelo has opened the Barcelo Anfa Casablanca hotel located in the Casablanca-Settat region of Morocco. The Barcelo Anfa Hotel is the largest and Barcelo’s second in Casablanca, after Barcelo Casablanca Hotel.
Morocco World News 27 November