 Private equity firm Actis has agreed to buy the payments and ATM business of South Africa’s Transaction Capital (TCPJ.J) for $95 million, targeting the growth of debit cards and electronic payments among millions of low-income shoppers. Actis, a London-based firm focused on emerging markets, will pay 937 million rand […]
Uncategorized
African Prudential Completes Acquisition of a 100% Stake in UAC Registrars
By InvestAdvocate Lagos (INVESTADVOCATE)-African Prudential Registrars and UAC of Nigeria Plc wednesday announced the acquisition a 100 percent (100%) stake in the latter. Both firms in a notice to the Nigerian Stock Exchange (NSE) said that they have received a “No Objection†from the Securities & Exchange Commission (SEC) in […]
Nigeria’s Diamond Bank sees 35 bln naira profit for 2013
Nigeria’s Diamond Bank said it expects to make a pretax profit of 35 billion naira ($219 mln) in 2013, up from 27.5 billion naira last year. Chief Executive Alex Otti said the bank expects to make a 20 percent return on equity in 2013. He added that the lender was […]
