Wednesday, January 16, 2019
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...
Africa Finance Corporation (“AFC” or “the Corporation”) (www.AfricAFC.org), the leading infrastructure development finance institution in Africa, announces its successful acquisition of a loan facility from the Export-Import Bank of China (“CEXIM”) of a US$200m 5-year loan and a US$100m 5-year...
Orange wants to be much more than a telecoms operator in Africa. We want to be a provider of essential services for our customers.” – Bruno Mettling, CEO of Orange Middle East and Africa. As part of its diversification plan...
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...
The deals market in Africa will be slower this year than in 2017, but the region’s financial services sector is on the rise and looking to invest in technology, according to a new report. Mergers and acquisitions (M&A) across financial...
(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...
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...
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...
Ethiopian Airlines has announced that it has completed the deal to purchase a 49 per cent stake in new Chadian Airlines. In the joint venture, the government of Chad will retain 51 per cent. The new Chadian flag carrier is set...
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...
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