Archives

Three Kenyan companies including an unidentified lender and the state-backed Kenya Mortgage Refinance Co. are preparing to issue green bonds, as Africa’s share of environment-friendly financing [...]

Basketball loving former U.S. President Barack Obama has joined NBA Africa as a strategic partner and a minority stakeholder. His aim is to help advance social responsibility efforts across the [...]

Unga Group, one of the major food manufacturers in Kenya, has announced the planned sale of Ennsvalley’s assets to BigCold Kenya. According to the NSE listed firm, Ennsvalley Bakery Limited [...]

FCMB’s pension unit has bought a 60% stake in Aiico Pension Managers for an undisclosed amount, according to company filing. * “The acquired stake was reduced from the initial 96.3% stake in our [...]

Equites Property proceeds to be 1 b rand. * “In light of the strong demand in response to the earlier announcement of an equity raise, Equites confirms that it will increase the amount of [...]

A subsidiary of South Africa’s food producer RFG Holdings Ltd, will buy the frozen foods business of Pioneer Foods Wellingtons, save for any operations in Botswana and Eswatini, it said on [...]

Nigerian stock exchange to start derivatives contracts in seven equities as it seeks to deepen the market, increase liquidity and enable investors to mitigate risks, it says. * Development [...]

Ghana is planning to issue green and social bonds of up to $2 billion by November. It’s also planning to borrow up to $5 billion on the international market. Finance Minister Ken Ofori-Atta says [...]

Botswana’s energy regulator has granted a generation licence for a 100MW solar project to local firm Shumba Energy, a company executive said on Monday, making it the first independent power [...]

Board of Directors of MTN International, the entity that holds MTN Nigeria Communications for the group, received shareholder approval at the AGM for a secondary offer of up to 14% of the share [...]

Fast-growing premium alcoholic beverage business Kensington Distillers & Vintners has secured a key step in its vision of becoming a leading pan-African consumer goods business with today’s [...]

Grit Real Estate Income Group Ltd. said Friday that it has entered a $25-million loan agreement with the International Finance Corporation in order to acquire and redevelop a warehousing and [...]