Sunday, August 18, 2019
South Africa is considering an initial price talk into the Eurobond market of about 6% and 6.37%. South Africa is hoping to ride a wave of improved investor sentiment by tapping the Eurobond market for the first time under new...
Telkom Kenya, the third largest mobile phone provider by subscription has announced a partnership with American Tower Corporation for the acquisition of tower masts in Kenya which expands the American company’s hold in Kenya. The two companies announced that they...
British investment fund CDC Group’s Sh14 billion investment in ARM Cement  has dropped to a market value of Sh2.1 billion as investors continue to react to the Nairobi Securities Exchange-listed firm’s financial challenges. The firm’s share price fell to a new...
FinDev Canada, Canada’s development finance institution, has annoucned its first transaction, a $10m investment in M-KOPA, a ‘pay-as-you-go’ energy provider to off-grid homes in Kenya. M-KOPA has connected 600,000 homes across Africa, providing 75 million hours of kerosene-free lighting each...
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...
MTN Group Ltd. plans to borrow as much as 400 billion naira ($1.1 billion) in Nigeria this year as Africa’s largest wireless carrier by sales seeks to fund local investment and replace existing debt in the continent’s most populous country. MTN...
China Telecom Global (CTG), a subsidiary of China Telecom Corporation Limited – providers of integrated telecommunication services, and Liquid Telecom, a pan-African telecoms group, announced the signing of a historic strategic partnership whereby the two companies will collaborate to...
State-owned pension fund’s total assets under management grew 17 per cent to hit Sh196.9 billion in the six months to June 2017, consolidating its position as the largest in the country ahead of private Pinebridge Investments East Africa. The latest...
Ghana’s Cocobod is seeking up to $1.5 billion from China’s Eximbank to improve farms and install irrigation systems and other projects, the regulator’s chief executive Joseph Aidoo said on Wednesday. A man carries a cocoa bag while walking over cocoa...
Ethiopian Airlines has signed an agreement with South African aerospace company Aerosud to establish a joint-venture manufacturing company. The Joint Venture Aerospace Company will manufacture and supply various aircraft parts to Boeing, Airbus and other aerospace companies. The manufacturing facilities are...
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