Saturday, November 17, 2018
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...
Egypt has seized the number one spot from South Africa as the most attractive investment destination on the continent, according to Rand Merchant Bank's (RMB) Investment Attractiveness Index For the first time, Nigeria and Algeria do not feature in the...
The Board of Directors, African Development Bank (AfDB) has approved $50 million (Fifty Million Dollars) unfunded Risk Participation Agreement for Commerzbank to address Africa’s trade finance market. The bank made the announcement  in a statement signed by its Principal Communication...
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 risk of a reversal in the inflation drop that has characterised many of the biggest African economies in the last year, will likely mean a freeze on borrowing costs. Rate decisions across Africa in the next two weeks are...
The offshore allocation limits for institutional investors like pension funds were recently increased from 25% to 30% and the special allocation to African investments (outside South Africa) from 5% to 10%. This means that investors may now allocate up to...
Bharti Airtel Ltd. is looking to pare $4.6 billion from its net borrowings over the next three years by listing its African unit and potentially selling some stake in its tower business, according to a person with knowledge of the...
UseKamba, or Kamba for short, is an Angola-based fintech startup. Its mobile wallet application allows users to transfer funds between each other, buy airtime and pay bills. “The main reason behind the existence of Kamba is the need to revolutionise,...
‘The investor meetings have shown fantastic African interest because of the consumer growth,’ said CEO Christian Chammas. Vivo Energy’s bet on fuel demand growth in Africa earned it a market value of almost £2 billion ($2.7 billion) in the largest...
Kenya Airways' shares were suspended from trading at the Nairobi Securities Exchange (NSE) for the next two weeks after the government announced last week that it was moving to restructure ownership at the State-owned airline. On Monday, Treasury...
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