Monday, July 15, 2019
frican exchanges largely performed well in 2018, but there  are some challenges taking shape African stock exchanges have performed fairly well on the whole this year, but the Turkish lira crisis in August sent shockwaves of worry across emerging markets....
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...
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...
Investec Asset Management (Investec), through its African private equity capability, has made a follow-on growth equity investment alongside its consortium partners into Mobisol, one of Africa’s leading providers of off-grid solar home systems (SHS). Investec made an initial equity investment...
Harith General Partners CEO Tshepo Mahloele had bought an unspecified stake in 4 Africa Exchange (4AX) through LeBashe Financial Services, the new bourse said on Monday. Mahloele has been added to the exchange’s six nonexecutive directors, which include Maponya Group...
Rwanda’s Bank of Kigali has priced its rights issue at 270 francs per share, seeking to raise 60 billion francs ($67.81 million), it said in a statement seen by Reuters on Friday. The lender, which is Rwanda’s biggest by assets,...
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...
The former minister of aviation, Babatunde Omotoba, has revealed that the current infrastructure in the power sector was incapable of transmitting more than 4000 megawatts adding that Nigeria cannot generate 7000 megawatts. He stated this in Abuja yesterday at the...
The head of Libya’s National Oil Corporation, Mustafa Sanalla has said oil smuggling is costing Libya around $770 million annually. He said this while speaking at the first ever oil and theft conference in Geneva, Switzerland. He says at least 30 percent...
After six successive months of year-on-year growth, the motor industry is confidently forecasting that full-year, new-vehicle sales for 2017 will improve by 2% compared to 2016. Figures from the Department of Trade and Industry show that sales totalled 49,754 last...
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