Monday, September 16, 2019
The African Development Bank (AfDB), through the African Development Fund (ADF), has received a credit facility of $700.9 million from the Japan International Cooperation Agency (JICA) to assist in contributing to economic growth as well as poverty alleviation in...
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 Finance Corporation (AFC) has signed a US$200mn three-year term loan facility, to be used for general corporate purposes, including facilitating trade. Mandated lead arrangers and bookrunners on the facility were First Abu Dhabi Bank, Industrial and Commercial Bank of...
Orascom Construction Limited (NASDAQ Dubai: OC; EGX: ORAS) announces that its 50:50 joint venture with FCC Aqualia, a subsidiary of FCC, has signed an engineering, procurement and construction (EPC) contract to build Abu Rawash Wastewater Treatment Plant in Egypt...
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...
The International Finance Corporation (IFC) is scouting for investments in Kenya’s healthcare sector through a Sh11 billion ($107 million) Dutch-based private equity fund it backs. The IFC, the World Bank’s private lending arm, says the Investment Fund for Health in...
For bond investors, Africa’s been a happy hunting ground this year. Its local-currency and dollar securities easily outperformed those of emerging markets overall as investors piled into a continent offering high yields and starting to recover from the commodity bust...
Angolan President Joao Lourenco dismissed his predecessor’s son as head of the country’s $5 billion sovereign wealth fund, state-owned Angola Press reported. Lourenco fired Jose Eduardo dos Santos’s son, Jose Filomeno dos Santos and the entire board of the Fundo...
The African Development Bank (AfDB) and European Union (EU) have jointly organised €33.3m to finance the construction of a national fibre optic backbone for the Central African Republic. The AfDB has contributed €16.7m and the EU €16.6m towards the project...
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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