Friday, November 16, 2018
In the last few months much has been written about the overwhelming demand experienced by African eurobond issuers. Nigeria, Kenya, Egypt and more recently Ivory Coast have all come out smiling, having issued bonds at low rates that were...
After selling $2 billion of Eurobonds, Ghana will prioritize lowering its interest burden and raising revenue to make sure it can continue to service debt, said Finance Minister Ken Ofori-Atta. The nation sold the securities on Thursday at the lowest...
A Chinese clean energy company, Hanergy Group, has launched a solar-powered project dubbed Humbrella.  The innovation, aimed to light up African villages, forms part of the company’s corporate social responsibility. A company statement underlined that thin-film solar power research and development has...
The construction of the tallest private residential building in sub-Saharan Africa has begun. International real estate development and investment company, Lordship Africa recently broke ground for the project. The project dubbed 88 Nairobi will comprises of a 44-floor, high-end, dedicated...
Black Rhino and Dangote group, the major partners in the proposed 540MW gas-fired Qua Iboe Power Plant (QIPP) located in Ibeno local government of Akwa Ibom State have secured funding the project which is estimated to cost $1.1billion. Black Rhino,...
The minister of Power, Works and Housing, Babatunde Fashola, has been presented with the 20-year Transmission Expansion Master Plan, developed with funding from the World Bank. The World Bank reportedly gave about $2 million to execute the master plan, which...
For the past year, a debate has raged over the role and impact of the CFA franc in West Africa. Supporters of the controversial exchange rate arrangement argue that the peg to the Euro has delivered a credible and...
Bitcoin's eye-watering price surge over the past year is proving too tempting to resist despite fears that cryptocurrencies are a bubble floating towards an inevitable burst. One group for whom it holds particular appeal is African millennials, writes the...
Overcoming the barriers for intra-African trade to double in a decade can feel like a Sisyphean task – impossible to complete. But that is the objective of the Boosting Intra-African Trade (BIAT) action plan, which targets to double flows...
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