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For bond investors, Africa’s been a happy hunting ground this year. Its local-currency and dollar securities easily outperformed those of emerging markets overall as investors piled into a continent offering high yields and starting to recover from the commodity bust...
The Board of Directors of the African Development Bank has approved the Bank's 2018 borrowing program for USD 8 billion to be raised from capital markets. The Bank provides financial assistance to its member countries by mobilizing resources primarily from...
Harith General Partners CEO Tshepo Mahloele had bought an unspecified stake in 4 Africa Exchange (4AX) through LeBashe Financial Services, the new bourse said on Monday. Mahloele has been added to the exchange’s six nonexecutive directors, which include Maponya Group...
AFRICA OIL CORPORATION (OTCMKTS:AOIFF) had a decrease of 3.12% in short interest. AOIFF’s SI was 511,800 shares in December as released by FINRA. Its down 3.12% from 528,300 shares previously. With 58,600 avg volume, 9 days are for AFRICA...
Kepler Capital Markets set a CHF 95 price objective on Nestle (VTX:NESN) in a research note published on Wednesday, December 6th. The brokerage currently has a buy rating on the stock. Several other equities analysts have also issued reports on...
The rating of all stock markets across the globe by S&P Dow Jones Indices has put Nigerian Stock Exchange (NSE) as one of the 5 best capital markets in the world. According to the rating body, the Lagos bourse grew...
Africa Finance Corporation (AFC) has signed a US$200mn three-year term loan facility, to be used for general corporate purposes, including facilitating trade. Mandated lead arrangers and bookrunners on the facility were First Abu Dhabi Bank, Industrial and Commercial Bank of...
Silicon Cape and Wesgro will be hosting the AfricArena 2018 International Africa Tech Conference. The event will take place on 15th and 16th November in Cape Town for the second year in a raw.  The two organizers will also incorporate the...
JOHANNESBURG (Reuters) - South Africa’s Eskom will ask local banks to reopen lending facilities that were suspended last year, its spokesman said on Monday, as the state utility seeks to drag itself out of a crisis that poses a...
Following prolonged delays in the expansion of the Hwange Thermal Power Station, due to financial constraints, the project has secured $116 million to proceed. The Zimbabwe Power Company (ZPC) is set to receive equity contributions from Standard Bank South Africa...
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