Thursday, August 22, 2019
(Updates Open Text and Eletropaulo Metropolitana; adds Xerox, Sanofi, Murray & Roberts, Goldman Sachs, Toys “R” Us and Fortis Healthcare) April 17 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Tuesday: ** Top Xerox...
April 10 (Renewables Now) - The Investec-managed Emerging Africa Infrastructure Fund (EAIF) has secured USD 385 million (EUR 311m) in new long-term debt capital through its latest fundraising round, it was announced today. EAIF was created to mobilise capital from...
ENGIE Africa expands its footprint in West Africa by acquiring two companies, namely Afric Power and Tieri, specialising in energy services in the region. The energy solutions provider noted that the companies based in Côte d’Ivoire, Burkina Faso, Mali...
2017 was a slow year for M&A deals across Africa. Instability, lack of regulatory clarity and weak economic fundamentals in the continent’s biggest markets in particular worked to limit investor confidence. Meanwhile, increasing concerns over ethical and compliance considerations...
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...
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