Wednesday, October 23, 2019
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...
Following prolonged delays in the expansion of the Hwange Thermal Power Station, due to financial constraints, the project has secured $116 million to proceed. The Zimbabwe Power Company (ZPC) is set to receive equity contributions from Standard Bank South Africa...
The African Export-Import Bank (Afreximbank) expanded its shareholder-base, as it admitted JSC Russian Export Centre (REC), as the latest international financial organisation to join the institution. REC was admitted as a shareholder following its successful subscription to Class “C” shares...
JOHANNESBURG (Reuters) - South Africa’s Eskom will ask local banks to reopen lending facilities that were suspended last year, its spokesman said on Monday, as the state utility seeks to drag itself out of a crisis that poses a...
The rating of all stock markets across the globe by S&P Dow Jones Indices has put Nigerian Stock Exchange (NSE) as one of the 5 best capital markets in the world. According to the rating body, the Lagos bourse grew...
AFRICA OIL CORPORATION (OTCMKTS:AOIFF) had a decrease of 3.12% in short interest. AOIFF’s SI was 511,800 shares in December as released by FINRA. Its down 3.12% from 528,300 shares previously. With 58,600 avg volume, 9 days are for AFRICA...
Kepler Capital Markets set a CHF 95 price objective on Nestle (VTX:NESN) in a research note published on Wednesday, December 6th. The brokerage currently has a buy rating on the stock. Several other equities analysts have also issued reports on...
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