Africa Finance Corporation (“AFC” or “the Corporation”) (www.AfricAFC.org), the leading infrastructure development finance institution in Africa, announces its successful acquisition of a loan facility from the Export-Import Bank of China (“CEXIM”) of a US$200m 5-year loan and a US$100m 5-year...
The Kenya Power Pension Fund (KPPF) has been named the best fund in Africa.
This is after it emerged the winner of the category in the recently-held Africa Investor (Ai) Capital Market & Index Series Awards in New York, USA.
The...
58 years of Nigeria’s independence, Ebere Nwoji writes that the pension sector has recorded significant growth.
The pension sector no doubt, is one of the fast growing sectors of the economy since the introduction of the funded Contributory Pension Scheme...
The African Development Bank has approved a $217.9 million loan to South Africa’s power utility Eskom Holdings, towards the upgrade and expansion of its transmission facilities.
The funding supports the Eskom Transmission Improvement Project (ETIP), which will see the construction...
Canada’s Barrick Gold Corp has agreed to buy Randgold Resources Ltd in an all-stock deal valuing the Africa-focused miner at $6.5 billion, to create the world’s largest gold producer in an industry under investor pressure to put capital 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...
Nigeria’s central bank said on Wednesday it had ordered South African telecoms firm MTN and four banks to bring $8.134 billion back into the country that MTN had illegally sent abroad in breach of foreign exchange regulations. The news...
The African Development Bank, the European Commission, Mariner Investment Group, LLC (Mariner), Africa50, and Mizuho International plc today announce the pricing of Room2Run, a US $1 billion synthetic securitization corresponding to a portfolio of seasoned pan-African credit risk. Room2Run...
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...
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...
