DPI Acquires ex-Louis Dreyfus Company Solevo.
Development Partners International (“DPI”), an investment business with a focus on Africa, has acquired Solevo Group (“Solevo”). It’s a major…
Category: Africa
Ryse Energy’s Capital Raise Funds to Support Africa Energy Expansion Plans.
Ryse Energy, a market leader in decentralized renewable energy systems with more than 4,000 units supplied or installed for customers…
Kenyan Economic Growth will Surpass Angola as Ethiopia’s Lead Grows.
The International Monetary Fund (IMF) forecasts that this year, despite Ethiopia extending its lead, Kenya’s GDP will surpass that of…
IMF: Ghana will Shortly Receive a Bailout Package.
At the ongoing World Bank/IMF Spring Meetings in Washington, D.C., Ms. Georgieva expressed hope about the future of the nation,…
Russia Increases Gasoline Exports in Q1 and Replaces European Consumers With African Countries.
Following the European Union’s boycott on Russian goods on February 5, Russia increased exports of the motor fuel to African…
Tax Revenue in South Africa in 2022/23 is $94 billion.
Data from the revenue services revealed that South Africa’s tax collection for the fiscal year that ended on March 31…
Gold4oil’s crucial role in lowering gasoline costs: BoG
Steven Opata, the central bank’s head of financial markets, said that the government’s approach had improved competition among dealers of…
Equities Hit High Record of Sh32 billion on the EABL Acquisition.
The East African Breweries Ltd (EABL) extra share acquisition by British multinational Diageo, which was successfully completed for Sh22.7 billion,…
Stanchart Appoints Executive Director
The Standard Chartered Bank Ghana PLC now employs Mr. Asante as its chief financial officer. He started working at Standard…
Kenya Lost its Position as ATI’s Primary Stockholder.
After undisclosed new cash injections into the pan-African Institution, Togo and Benin have surpassed Kenya as the leading shareholders of…
Under Non-disclosure Agreements, Ghana’s Bondholders’ Counsel Begin Debt Negotiations.
A group of foreign private lenders are represented by Rothschild & Co., while the government, which froze payments on the…
Equity and KCB Put Pressure on Safaricom.
Equity Group is now spearheading a banking industry assault for the title of East Africa’s most profitable corporation after reducing…
Tullow to Default on $2.5bn Debt Repayment
The Tullow Group has indicated that it may not be able to fully repay its US$2.5 billion notes outstanding which…
Mail Services Firm Raises Charges 33pc
In response to high operating costs, MPost, a service that converts mobile phones into official postal addresses, has increased annual…
Equity net profit up 15% to record Sh46 billion.
As the most profitable lender in the area, Equity Group’s net profit for the year ended December 2022 increased by…
Infinity Power Acquires Lekela Power in Africa’s Biggest Renewable Energy Deal
The acquisition of the whole stake in Africa’s wind power platform Lekela Power has been finalized by Infinity Power, a…
ALCB Fund Purchases a Portion of the SOLEA Bond Issuance
The ALCB Fund contributed XOF 2 billion (USD 3.3 million) to the XOF 4 billion (USD 6.6 million) bond sale…
Maia Capital Pledges R100 million to Increase Financial Inclusion for Low-to-Middle Income People.
The low-to-middle income people in South Africa will now have better access to financial products, helping to reduce the country’s…
I&M Receives Sh457 million as Dividend from a Mauritius Subsidiary.
As a result of the unit’s increased financial performance over the time, I&M Group received a dividend from Bank One,…
Savannah has Threatened to Sue in Response to the Planned Nationalization of Chad’s Assets.
Savannah Energy has said that it will legally contest Chad’s intentions to seize its assets. The Republic of Chad’s conduct,…
GSE Composite Index plunge 18.78 Points after Trading
The stock market had two decliners and one advancer, resulting in a closing price that was an 11-day low.The benchmark…
Why PE firm Helios Disposed of Telkom Kenya Stake
One of the reasons Helios Investment Partners decided to begin its withdrawal from the troubled telecoms company in 2021 was…
KCB adds 2,500 Staff on Congo Unit Buyout
After the purchase of a majority interest in the Trust Merchant Bank (TMB) of the Democratic Republic of the Congo…
Kenya Power now Bets on Goodwill for Dollar Electricity Bill Payments
The industry regulator stated it would not let Kenya Power to bill consumers in dollars and euros, so the company…
Top 10 Richest People in Africa – Forbes.
It’s worth noting that the path to wealth is not always straightforward, and many of the richest people faced challenges…
BlackRock Eyes Deal to Buy Into Biggest Africa Wind Power Farm in Kenya
Northern Kenya’s Lake Turkana Wind Power is home to Africa’s largest wind farm, and a public-private partnership supported by BlackRock…
Airtel Launches First eSIM Card Services in Tanzania
The eSIM (embedded SIM), a digital SIM that gives users access to the same functionality as physical SIMs sold in…
Moody’s in Tanzania to Evaluate Credit Worthiness
Tanzania can borrow money from foreign markets at fair rates if the government’s efforts to improve its credit rating are…
T-bills, Bonds Still Safest to Invest in — Ebo Turkson
According to Assistant Professor of Economics Prof. Festus Ebo Turkson, notwithstanding the government’s incapacity to pay its debts, Treasury securities,…
Foreign Investors Dump Over Four billion NSE Shares
In multi-year selloffs, foreign investors have sold nearly four billion Nairobi Stock Exchange (NSE) shares, making the stock market more…