Friday, September 21, 2018
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...
THE African Medallion Group (AMG) has introduced a US$1 billion gold-backed bond certificate, a global solution that enables people from anywhere in the world to invest in and enjoy the benefits of owning the special metal. The development is expected...
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...
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...
The government has rolled out the second phase of the Sh15 billion Last Mile electricity project that will see more than 2.5 million households connected to the national grid. Energy Cabinet Secretary Charles Keter said that the second phase will include the...
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...
Chief Executive Officer (CEO) of Stanbic IBTC Pension Managers Ltd. (SIPML) Mr Eric Fajemisin, said the firm invested 12.5 percent of its Assets Under Management (AUM) worth N2.53 trillion, representing N350 billion, into the Nigerian Stock Exchange (NSE). Speaking at...
DAR ES SALAAM (Reuters) - Tanzania has approached the African Development Bank (AfDB) to finance a 2,100-megawatt (MW) hydroelectric plant in a World Heritage site renowned for its animal population, despite concerns from conservationists. The East African nation considers the...
The company has cleaned up its legacy investments and now targets a further R4bn asset growth. Vunani might have hit the headlines because of some of its controversial corporate advisory clients. But the future of the financial services group lies...
TRADE Union Congress of Tanzania (TUCTA) yesterday applauded the enactment of Public Service Social Security Fund Act to merge the various pension funds into two schemes. The trade union apex body welcomed the move, saying the merger will lead to...

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