Deals articles


Orange to acquire Millicom’s subsidiary in the DRC

Orange to acquire Millicom’s subsidiary in the DRC

Orange, one of the world’s leading telecommunications operators, has announced the signing of an agreement with Millicom to acquire its subsidiary – Tigo DRC – in the Democratic Republic of Congo (DRC). Through this deal, Orange would reinforce significantly its presence in the DRC, hence becoming one of the leading mobile operators in the country


Online travel agency, Travelstart rakes in US$40million from Amadeus & MTN

Travelstart, a leading online travel agency in Africa, has raked in US$40 million in investment from Amadeus, the global technology investor and MTN, Africa’s leading telecommunication telecom services operator. The investment will support the expansion of Travelstart into key markets and the growth of its team and product offering, at the same time as the


Apple’s authorized retailer iStore begins trade-in offers for iPhones in Nigeria

iStore, an Apple authorized retailer designed to make it convenient for Nigerians to purchase Apple products and accessories from its online or physical store has launched a “trade-in” offer to customers around the country. The offer allows customers get up to 50% off the purchase of their next iPhone when they trade in their current

Walmart is selling two Android smartphones for $10 each

Walmart is here with yet another price-slashing deal. The company has announced it’ll be selling two $10-priced Android smartphones. You should already know what to expect — what you paid for — entry to mid-range handsets with some pricey specs. Both running Android 4.4 KitKat, Walmart will be offering the TracFone LG Sunrise L15G and


Uber South Africa, WesBank Launch Multimillion-rand Vehicle Solutions Program, To Drive Entrepreneurship In South Africa

In a bid to drive entrepreneurship in South Africa’s transport industry, Uber South Africa, an online taxi hailing service and WesBank, a South African-based vehicle finance provider have announced the signing of a vehicle solutions program worth ZAR200million. The Uber Vehicle Solutions Program give Uber driver-partners who may not qualify for traditional credit the opportunity


Orange Group Sells Off Its Stake In Telkom Kenya

Orange, one of the world’s leading telecommunication operator has announced the sale of its entire 70% stake in Telkom Kenya. Telkom Kenya is Kenya’s incumbent fixed-line operator and is the third-largest player in the mobile market – it operates a high-quality mobile network. The sale, which was made through a binding agreement with Helios Investment


Hellofood Acquires Egyptian food ordering platform, Otlob

Hellofood, a food ordering platform has announced the acquisition of Egyptian food ordering platform, Otlob from A15, its previous owners. The deal was completed on October 28, 2015 for an undisclosed sum. Otlob, launched in 1999 as one of the first companies in Egypt’s online landscape, grew so quickly it now processes thousands of orders


Silvertree, Kevin Tucker Acquires Price Comparison Platform, PriceCheck From Naspers

Silvertree Internet Holdings, an operating and holding company for early and mid-stage tech businesses and Kevin Tucker have announced the acquisition of leading online price comparison platform, PriceCheck from Naspers, a South Africa-based global media and Internet giant for an undisclosed sum. The deal, made in partnership with Silvertree’s subsidiary, ClicknCompare, sees Kevin Tucker reacquire

Nokia-Alcatel acquisition deal passes China’s antitrust process

China has graced Nokia’s proposed deal to acquire French telecoms company Alcatel-Lucent for €15.6 billion ($17.6 billion), following some set legislation control trust process. According to the East Asian country’s ministry of Commerce, some terms were laid down that Nokia had to meet by early December before the acquisition could be approved, including the use


Dell officially acquiring EMC for an estimated $65 billion

This past week, news went round that $50 billion dollar-valued data storage firm EMC, and Dell, one of the largest PC maker globally were in merger talks. Just this morning, we now hear that the deal has been locked up as Dell will be buying EMC (staked VMWare inclusive) for roughly $65 billion. Both firms

Europe’s Leading Digital Publisher Axel Springer acquires Business Insider

In a bid to expand its worldwide reach and provide more independent news reports, Europe’s leading digital publisher Axel Springer SE has announced that it’s acquiring leading NYC-based digital business news firm Business Insider. Axel Springer will be purchasing nearly 88 percent of BI’s shares at a valuation of USD 343 million. According to Axel

South Africa’s Click n Compare acquires Nigeria’s Spark-backed

South African-based price comparison site, Click n Compare has announced the acquisition of, a free and impartial online comparison service that helps customers make choices on insurance products and services. This comes as Click n Compare prepares to expand its services into Nigeria and Kenya, going head-to-head with PriceCheck and PricePadi in Nigeria and


Naspers reportedly in talks with Vodacom to bring its VOD service to mobile devices

Africa’s largest company by market value, Naspers is said to be in talks with South African mobile operator, Vodacom to deliver video content to mobile devices across Africa, reports Bloomberg. The deal, if it goes through, would give Naspers additional distribution for its soon-to-be-launched video-on-demand service, called ShowMax, according to Bloomberg sources. The service initially