Monitise moves into Africa

Monitise, whose technology enables banking transactions to be carried out over mobile phones, has secured $1.5 million (£1 million) to expand into Africa.


Severstal mines African iron ore stake

OAO Severstal (Severstal), a metals and mining company with assets in Russia and in North America, has announced that its Severstal Resources mining division has acquired a 61.5 per cent stake in African Iron Ore Group (AIOG).


M&A deal flow out of Africa

A weak South African rand and low valuations are causing cash-rich acquirers from China and the Middle East to eye South Africa for prospective targets.


South African firm strengthens UK operations

South African financial services firm Sanlam has built on its UK operations with the acquisition of a 60 per cent stake in Buckles Holdings.