Tuesday, October 23, 2018
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Rwanda’s Bank of Kigali has priced its rights issue at 270 francs per share, seeking to raise 60 billion francs ($67.81 million), it said in a statement seen by Reuters on Friday. The lender, which is Rwanda’s biggest by assets,...
On 2 July, the PSA Group – manufacturer of the Peugeot, Citroën, DS, Opel and Vauxhall brands – produced its first vehicle assembled in Morocco at the brand new factory in Kenitra’s Atlantic Free Zone (AFZ), north of Rabat. Commercial production...
frican exchanges largely performed well in 2018, but there  are some challenges taking shape African stock exchanges have performed fairly well on the whole this year, but the Turkish lira crisis in August sent shockwaves of worry across emerging markets....
Africa Finance Corporation (“AFC” or “the Corporation”) (www.AfricAFC.org), the leading infrastructure development finance institution in Africa, announces its successful acquisition of a loan facility from the Export-Import Bank of China (“CEXIM”) of a US$200m 5-year loan and a US$100m 5-year...
The Kenya Power Pension Fund (KPPF) has been named the best fund in Africa. This is after it emerged the winner of the category in the recently-held Africa Investor (Ai) Capital Market & Index Series Awards in New York, USA. The...
58 years of Nigeria’s independence, Ebere Nwoji writes that the pension sector has recorded significant growth. The pension sector no doubt, is one of the fast growing sectors of the economy since the introduction of the funded Contributory Pension Scheme...
The African Development Bank has approved a $217.9 million loan to South Africa’s power utility Eskom Holdings, towards the upgrade and expansion of its transmission facilities. The funding supports the Eskom Transmission Improvement Project (ETIP), which will see the construction...
Canada’s Barrick Gold Corp has agreed to buy Randgold Resources Ltd in an all-stock deal valuing the Africa-focused miner at $6.5 billion, to create the world’s largest gold producer in an industry under investor pressure to put capital to...
The former minister of aviation, Babatunde Omotoba, has revealed that the current infrastructure in the power sector was incapable of transmitting more than 4000 megawatts adding that Nigeria cannot generate 7000 megawatts. He stated this in Abuja yesterday at the...
Nigeria’s central bank said on Wednesday it had ordered South African telecoms firm MTN and four banks to bring $8.134 billion back into the country that MTN had illegally sent abroad in breach of foreign exchange regulations. The news...
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