Honoris United Universities, majority-owned by investment firm Actis, announced its latest expansion by signing definitive transaction documents (subject to regulatory approvals) to acquire Merit University, a private university in New Sohag City, Egypt.

Honoris is the first and largest pan-African network of high-quality private higher education institutions across Morocco, Nigeria, Tunisia, Southern Africa and Mauritius that encompass over 61,000 students.

The acquisition of M...