Monday, November 18, 2019
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...
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...
State-owned pension fund’s total assets under management grew 17 per cent to hit Sh196.9 billion in the six months to June 2017, consolidating its position as the largest in the country ahead of private Pinebridge Investments East Africa. The latest...
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...
The offshore allocation limits for institutional investors like pension funds were recently increased from 25% to 30% and the special allocation to African investments (outside South Africa) from 5% to 10%. This means that investors may now allocate up to...
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...
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,...
Coca-Cola Co (KO.N) has agreed to buy coffee chain Costa for $5.1 billion (3.92 billion pounds) to extend its push into healthier drinks and take on the likes of Starbucks and Nestle in the booming global coffee market. The purchase...
MTN Group Ltd. plans to borrow as much as 400 billion naira ($1.1 billion) in Nigeria this year as Africa’s largest wireless carrier by sales seeks to fund local investment and replace existing debt in the continent’s most populous country. MTN...
South African state-owned power utility Eskom, has announced that its planned interruption of bulk supply to Khai Ma Local Municipality has been suspended after a sustainable payment agreement has been reached.    “Interruptions due to non-payment of Khai Ma Local Municipality’s...
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