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Week commencing 11 December 2017
Netherlands-based Vivo Energy Holdings is set to acquire a controlling stake in Engen through a share swap deal targeting operations in Zimbabwe and several countries in southern Africa. The deal is subject to regulatory approval. Other countries included in the transaction are DR Congo, Réunion, Zambia, Gabon, Rwanda, Mozambique, Tanzania, Malawi and Kenya. It will bring Vivo’s presence on the continent to more than 2,100 service stations across 24 African markets.
The Source 4 December
Chinese Tecno Mobile manufacturer Transsion Holdings will pay $5m to buy Ikeja-based mobile phone chain store Micro-Station. The acquisition is aimed at strengthening and expanding Transsion’s mobile phone retail arm, 3C Hub. Following the acquisition, Micro-Station will be merged with Transsion’s 3C Hub and all Micro-Station stores are likely be converted to 3C Hub stores.
Liquid Africa 6 December
Sika, a Swiss chemicals company, has opened a production unit in Cameroon. The new unit forms part of the firm’s expansion plan in Africa and will eliminate the need to import its products from subsidiaries abroad before selling them to local construction firms.
Business in Cameroon 5 December
Global law company Andersen Global has announced an expansion into the Ugandan market by signing a collaboration agreement with Ligomarc Advocates, a local financial, corporate tax and legal firm. Ligomarc will become Andersen Global’s local partner.
Daily Monitor 7 December
French petroleum manufacturer Total will launch nine gas stations in 2018. The projects will be launched in Cairo, Alexandria and the Delta region as part of the company’s expansion strategy into the Upper Egypt and Delta regions to reach more areas in villages and highways. In addition, the company plans to invest in the fields of refining, distribution, exploration and solar energy in the next three years.
Daily News Egypt 6 December