Saturday, September 22, 2018
FinDev Canada, Canada’s development finance institution, has annoucned its first transaction, a $10m investment in M-KOPA, a ‘pay-as-you-go’ energy provider to off-grid homes in Kenya. M-KOPA has connected 600,000 homes across Africa, providing 75 million hours of kerosene-free lighting each...
Bharti Airtel Ltd. is looking to pare $4.6 billion from its net borrowings over the next three years by listing its African unit and potentially selling some stake in its tower business, according to a person with knowledge of the...
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...
Growthpoint Properties, the first South African company and real estate investment trust to issue a green bond programme on the JSE, celebrated the occasion with a bit of fanfare on Wednesday morning, 25 April. An extremely exhilarating countdown moment during @growthpoint Properties...
Abu Dhabi Investment Authority (ADIA), world's third-biggest sovereign wealth fund, said it may invest more in renewable energy, as climate change fears prompt fund managers to look beyond fossil fuels. Abu Dhabi Investment Authority (ADIA), the world's third-biggest sovereign wealth...
UseKamba, or Kamba for short, is an Angola-based fintech startup. Its mobile wallet application allows users to transfer funds between each other, buy airtime and pay bills. “The main reason behind the existence of Kamba is the need to revolutionise,...
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...
British investment fund CDC Group’s Sh14 billion investment in ARM Cement  has dropped to a market value of Sh2.1 billion as investors continue to react to the Nairobi Securities Exchange-listed firm’s financial challenges. The firm’s share price fell to a new...
A privately-owned Nigerian producer of building materials, Ibeto Cement Co. Ltd, has signed a deal to get $850 million in financing from Milost Global Inc, a New York-based private equity firm. According to Bloomberg, Milost will provide $500 million in equity and $350 million as debt to...
Algerian state energy firm Sonatrach is in talks with 14 international firms for a joint venture to trade oil and gas products after agreeing to buy its first overseas refinery, its CEO said on Thursday. "I am happy to say...

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