Who's doing what in the African M&A space? DealMakers AFRICA

Maurel & Prom has announced the acquisition of Angola Japan Oil's (AJOCO) 20% interest in two producing and development blocks in shallow waters offshore Angola. The purchase consideration of $80 million will be funded from M&P's existing cash resources. An additional contingent consideration of up to $25 million will be paid subject to oil price performance and resources development.

Moringa, an impact investment fund specialising in agroforestry companies with strong environmental and social impact, has acquired a stake in B-BOVID, a Ghanaian company, by way of a $5 million investment.

Rubis, a France-based international company specialized in the storage, distribution and sale of petroleum, liquefied petroleum gas, food and chemical products, has announced its intention to make a public offer to purchase the remaining shares in KenoKobil. The company currently holds a 24.99% stake in the Kenyan oil and marketing leader.

African Development Bank (AfDB) has approved "7 million investment in Partech Africa Fund. Partech is a Venture capital fund dedicated to investing in tech-enabled, innovative, high growth potential and talented entrepreneurs operating early stage companies and applying relevant technologies to address fundamental market constraints.

DealMakers is SA's M&A publication.www.dealmakers.co.za

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