Saturday, December 15, 2018
With the US and China slapping tariffs on each other and agreements like NAFTA being revised, free trade isn’t likely to emerge unscathed. Africa, however, is bucking the trend with its African Continental Free Trade Area (AfCFTA). Last month, forty-four African heads...
The Board of Directors of the African Development Bank has approved the Bank's 2018 borrowing program for USD 8 billion to be raised from capital markets. The Bank provides financial assistance to its member countries by mobilizing resources primarily from...
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...
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...
At the annual AfricaCom conference today, pan-African ICT investor, Convergence Partners and 4Di Group announced a recently concluded acquisition of a significant minority stake in ESET Southern Africa by Convergence Partners.  ESET Southern Africa is the local distributor and...
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...
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...
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...
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...
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