Investment company TransCentury plans to acquire construction and heavy haulage firm Civicon Group, which has operations in several African countries.

Civicon has operations in Kenya, Rwanda, South Sudan, and Uganda, serving markets in central, eastern and southern Africa where it has built roads, petroleum refineries, and breweries, and laid oil pipelines.

TransCentury, which has more than $150-million net assets, has investments in Kenyan group East African Cables, a transformer manufacturer in Tanzania, Rift Valley Railways and engineering firm Avery East Africa, among others.

Source: Reuters