Money News - In Brief

Mergers, Acquisitions and Financial Results

- Adlevo Capital, a private equity fund and Intel Capital, the global investment and M&A organization of Intel Corporation, has announced that they have made a growth investment into Rancard Solutions, a leading provider of cloud based software for mobile content discovery and delivery with focus on Africa. The investment would enable Rancard “to expand its footprint across Africa on both a reputational and operational level”, according to Kofi Dadzie, CEO of Rancard. The deal (which was undisclosed) marks Intel Capital’s first investment in West Africa and the second investment in Africa following its 2011 investment into South Africa’s Altech.

- Morocco: MT on the market? - Vivendi's Chief Executive Jean-Bernard Levy said three months ago that asset sales might be considered; whereas Chairman Jean-Rene Fourtou is now reported as actively considering the possibility by Reuters. Maroc Telecom is reported to on the list of possible divestments.