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Cameroon accounts for over 93% of ‘La Regionale’s’ IPO subscribers

Microfinance institution “La Regionale” recently published the results of its initial public offering (IPO) on the Central African Stock Exchange BVMAC. The IPO was launched in February 2021 and [...]

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Ghana to Sell Sustainable Bonds for Up to $1 Billion by July

Ghana is planning to raise as much as $1 billion through a sale of sustainable bonds, including Africa’s first social debt to fund a flagship policy to broaden access to education. The proceeds [...]

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Crown Paints to raise Sh712m to fund EA units

Crown Paints Plc will use the Sh711.80 million being raised via the rights issue to salvage its subsidiaries in Uganda, Rwanda and Tanzania, which the paint and coating firm revealed are [...]

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Ethiopia Awards New Telecoms License to Vodafone

Ethiopia awarded a new telecommunication license to a consortium including the U.K.’s Vodafone Group Plc, paving the way for a long-awaited opening of the sector to outside investors. The [...]

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Telkom CEO Sees Sale or Listing of Towers Unit This Fiscal Year

Telkom’s plans torealise value from portfolio of mobile masts is far advanced, CEO Sipho Maseko says in phone interview. * Listing or search for equity partner are the two main options * South [...]

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EFG Hermes eyes start-ups after AIB deal, CEO says

Egyptian investment bank EFG Hermes Holding is targeting minority stakes in start-ups after its acquisition of a majority stake in state-owned Arab Investment Bank (AIB), its chief executive said [...]