Monday, September 16, 2019
JOHANNESBURG, Feb 5 (Reuters) - South Africa’s Public Investment Corporation (PIC), Africa’s biggest investment fund, said on Monday it had given cash-strapped state power firm Eskom a 5 billion rand ($416 million) loan to fund the utility’s operations in...
A subsidiary of New Sparta Asset Management, New Sparta Energy (NSE) was established in 2017 to identify, develop, build and operate power generation assets in Africa, with a focus on renewables, and to sub-advise NSAM on Africa strategy. Our in-house...
Egypt has seized the number one spot from South Africa as the most attractive investment destination on the continent, according to Rand Merchant Bank's (RMB) Investment Attractiveness Index For the first time, Nigeria and Algeria do not feature in the...
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...
The head of Libya’s National Oil Corporation, Mustafa Sanalla has said oil smuggling is costing Libya around $770 million annually. He said this while speaking at the first ever oil and theft conference in Geneva, Switzerland. He says at least 30 percent...
The broad-based slowdown in sub-Saharan Africa is easing, and growth is expected to pick up to 2.6% in 2017 from last year’s 1.4%, the IMF said in its latest Regional Economic Outlook for sub-Saharan Africa. A recovery in oil production...
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...
In a bid to encourage cryptocurrency and blockchain adoption in Egypt, the National Bank of Egypt (NBE) announced that it has joined the R3 Blockchain Consortium on April 22, 2018. R3 is a software enterprise firm that is working closely with...
Africa’s telecommunication giant MTN is said to start selling about a third of its Ghanaian unit worth $754 million representing 35 percent of the $2 billion next week in an initial public offering. This will be 10 times larger than...
Africa Finance Corporation (AFC) and Harith General Partners (Harith), acting on behalf of its portfolio company Aldwych Holdings Limited, are pleased to announce final close of the merger of their respective electricity generation assets into a new operating company,...
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