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Africa
Kenya Nuclear Proposal will Require Billions for Grid Improvements.
When Kenya chooses to move forward with plans to build nuclear power facilities to help meet the nation's…
Centum Uses Cash Flow To Pay Down Sh2.3bn Debt.
Centum Investments Company Plc used internally produced cash to pay off Sh2.3 billion in debt after efforts to…
Firm Denied From GDC Funds For Debt Of $2 billion
The Menengai Geothermal Project maintenance services provided by an ICT business resulted in a Sh2 billion debt…
Diageo Succeeds In Increasing Its Ownership Of EABL To 65 Percent.
The first round of British multinational Diageo's offer to purchase an additional 14.97 percent ownership in East…
UK Mining Company Engages PwC For Entrance Strategy In East Africa
London-listed PwC Limited Kenya has been appointed by Marula Mining to offer a variety of consulting services,…
UGANDA: Loan Interest Payments Increase Due To Rising Domestic Debt.
The amount of interest paid on Uganda's public debt increased over the six-month period due to a growth in the…
Government Financing By The Bank Of Ghana Is Not Fatal.
According to Ken Ofori-Atta, the minister of finance, the Bank of Ghana (BoG) lent the government GH37.96 billion…
KENYA: Bank Loan Interest Rates Have Risen To Their Highest Level In 52 Months.
In December, bank lending rates increased to their highest level in 52 months as a result of rate rises by Kenya's…
Eskom’s CEO is Stepping Down with Immediate Effect in South Africa.
The state-owned electricity provider in South Africa, Eskom, said that its CEO, Andre de Ruyter, will resign from…
Mission Produce Announces a Joint Venture with ZZ2 Boerdert and Criterion Africa…
A joint venture with ZZ2 Boerdery, one of South Africa's leading farming firms, and Criterion Africa Partners, a…
Kenya: Shaka Kariuki is Named the CAK Chairman by Ruto.
Shaka Kariuki, a businessman, has been named the new chair of the Competition Authority of Kenya (CAK) board by…
A Majority Share in FSG is Purchased by Africa Lighthouse Capital.
As certain regional competition authorities applauded its proposed purchase of further shares in funeral services…
Partech Closes the Largest Africa-focused Fund for the First Time at €245 million.
The largest Africa-focused fund to date, Partech Africa II has reached its first close at €245 million (about $263…
Kenya Power will Switch 2,000 Vehicles to Electric in 4 Years.
Over the next four years, Kenya Power, the country's main power supplier, plans to convert 2,000 of its gasoline-…
Tanzania: A Crucial Dry Port is about to Start Operating.
The Coast Region's Kwala Dry Port is finally scheduled to open this month, which is a significant development that…
Finance Minister Tells Retirees Ghana Debt Swap Deal Is Beneficial.
In an effort to complete a domestic debt exchange, the beleaguered government of Ghana in West Africa told a group…
Vantage’s Fourth Mezz Fund Surpasses its Goal at Final Close.
Africa's largest mezzanine fund manager, Vantage Capital, said the final close of its fourth mezzanine fund had…
British International Investment Appoints Chijiutomi to Oversee Operations in…
Chris Chijiutomi was appointed as MD, Head of Africa, according to a statement from British International…
MNT-Halan now has Unicorn Status after the most Recent Funding Round.
MNT-Halan, an Egyptian fintech startup, has raised $400 million in a capital round, including $140 million in…
Adenia’s Fund Retains a Strong First Close of $300 million.
Adenia Partners, a private markets investment company dedicated to ethical investing and a sustainable Africa, has…
GHANA Cancels Its $672 Million Back-taxes Claim With MTN Group.
The Ghanaian government has been requesting millions of dollars in back taxes from some of the biggest businesses…
KENYA: A Mauritius Private Equity Group Is Negotiating To Buy Java.
Mauritius-based private equity firm Adenia Partners is in discussions to fully acquire restaurant chain Java House…
Stanlib’s Infrastructure Fund Purchased Upington Solar Farm For Over R1…
Asset management Stanlib's Infrastructure Fund II, which invests in infrastructure projects including renewable…
KENYA: In January, Investors’ Wealth At The Bourse Decreased By Sh24.4…
The Nairobi Securities Exchange (NSE) saw a loss of Sh24.45 billion in investor value in January, which is a…
KENYA: As Mortgage Rates Increase, Home Values Drop By The Most In Four Years.
Due to an excess of housing and expensive bank loans, house prices fell by the largest margin in the three months…
KENYA; Local Rice Millers Object About The Window For Duty-Free Imports Being…
The importation of the good during the duty-free window has been blocked, and local rice millers have criticized…
UGANDA: Due To Costly Imports, Egg Prices Will Increase.
Kenyan consumers are paying more for eggs as the price of the commodity shoots to a high of Sh450 a tray from…
First female CEO for UBA’s operations in Africa is appointed.
The board of Directors of the United Bank for Africa Plc, has appointed Mrs Abiola Bawuah, as chief executive…
AFDB is Planning a $1.5 billion Food Facility For Nigeria And Other Countries
The African Development Bank has said it has put in place a $1.5bn emergency food production facility to support…
Africa50 Completes Financing for the Senegalese Power Facility.
The co-developed 120 Megawatt power plant in Malicounda, Senegal, which cost €154 million to complete, was…