Tuesday, December 11, 2018
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...
Nissan Motor Co. Ltd. plans to start assembling vehicles in Kenya, bolstering government plans to develop a regional auto-manufacturing hub in East Africa’s biggest economy. The Japanese automaker is the latest to target Kenya after Volkswagen AG, PSA Peugeot and CNH Industrial...
(Ecofin Agency) - CDC Investment, the British institution for development financing, announced in a statement, it has signed a cooperation framework-agreement with China-Africa Development Fund (CAD Fund), a Chinese investment fund focused on Africa. The agreement aims to strengthen relations...
Helios Towers has ditched its plans to launch an initial public offering (IPO) in London which was expected to value the business at about 2 billion pounds ($2.8 billion), the African mobile networks operator said on Thursday. Helios said it...
JOHANNESBURG, Feb 5 (Reuters) - South Africa’s Public Investment Corporation (PIC), Africa’s biggest investment fund, said on Monday it had given cash-strapped state power firm Eskom a 5 billion rand ($416 million) loan to fund the utility’s operations in...
South Africa’s minister of Public Enterprises, Lynne Brown, has given state-owned utility Eskom the go ahead to resume the signing of outstanding Power Purchase Agreements (PPAs) with renewable independent power producers (IPPs). The PPAs have been kept on ice since...
Saudi Arabia’s sovereign wealth fund is nearing an agreement to buy about a 10 percent stake in ACWA Power International ahead of an initial public offering by the Riyadh-based energy producer, according to people with knowledge of the matter. The...
Kenya's economy is likely to expand by between 5.25 per cent and 5.75 per cent in 2018 on a rebound in public and private investments and improved farming activities, research analysts at Genghis Capital projected Wednesday. The analysts also see...
Eskom has rubbished weekend news reports that a World Bank loan may be recalled. Despite a recent board overhaul, the embattled power utility was downgraded by rating’s agency Moody’s late Friday. It faces further downgrades if it’s not able to service...
The Public Investment Corporation has made an equity investment in South African stock exchange, ZAR X, on behalf of the Government Employees Pension Fund. The PIC acquired a 25% stake in the group, which has a trading value of R3.7...
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