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...
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...
Kenya Airways' shares were suspended from trading at the Nairobi Securities Exchange (NSE) for the next two weeks after the government announced last week that it was moving to restructure ownership at the State-owned airline.
On Monday, Treasury...
The government has rolled out the second phase of the Sh15 billion Last Mile electricity project that will see more than 2.5 million households connected to the national grid.
Energy Cabinet Secretary Charles Keter said that the second phase will include the...
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...
Billionaire Beny Steinmetz is back to mining diamonds.
The Koidu mine in Sierra Leone, controlled by the billionaire’s family trust, has started mining again after halting production for almost a year. It’s the latest step in a recovery for a business that’s...
Johannesburg, South Africa, April 23, 2020 - / In a live poll conducted by Africa.com on April 22 as part of its webinar series, Crisis Management for African Business Leaders, nearly 70% of webinar participants predicted that their business...
New Delhi: Half a dozen marque investors, including Warburg Pincus LLC, Temasek Holdings, Singapore Telecommunications Ltd and SoftBank Group Corp, will invest a combined $1.25 billion in Bharti Airtel Ltd’s unit in Africa ahead of a potential initial public offering (IPO). India’s...
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,...
