Sonangol sells 30% of Sonadiets assets
Sonangol Holding sold 30% of its assets in Sonadiets company to Diestman Marine, an oil company’s source told ANGOP on Friday. In its press release, the Angolan Oil Company states that the [...]
DFI, CDC Float $60m Facility as Part of African Private Credit Strategy
CDC Group, the UK’s development finance institution (DFI) and impact investor, has made a $60 million commitment under its African Private Credit Fund Strategy. The effort, they said, is aimed at [...]
Stanbic Africa Holdings Buys 1.36 Million Shares of Stanbic IBTC
The significant shareholder acquired the shares at an average price of 39 naira per share, the lender says in an emailed statement to the Nigerian Exchange Group Transaction took place on Sept. [...]
Ivorian Insurer NSIA acquires three of Sanlam’s subsidiaries, including Togo’s
NSIA – the Ivorian Insurer – has acquired four Sanlam subsidiaries, including its Life Insurance unit in Togo. The three others are Sanlam’s Life Insurance unit in Gabon, [...]
Namibia’s Largest Wireless Carrier to Raise $212 Million in IPO
Namibia’s largest mobile-phone company is set to raise N$3.1 billion ($212 million) from the sale a minority stake on the southern African country’s stock exchange, the largest in the bourse’s [...]
PE firm Helios exits GBfoods’ African FMCG arm
Helios Investment Partners, which has set its sight on a record corpus for its new Africa sector-agnostic private equity fund, said Tuesday it has completed the sale of its 49% stake in GBfoods [...]
Billionaire-Backed RMI to Shake Up South Africa Insurer Group
Rand Merchant Investment Holdings Ltd. will divest from insurers Discovery Ltd. and Momentum Metropolitan Holdings Ltd. as part of a wider restructuring of the South African investment group. The [...]
Cameroon to source XAF25 bln on the BEAC market
On September 22, 2021, after several weeks of rest, Cameroon will be back on the CEMAC debt market to try to raise XAF25 billion, the central bank BEAC reveals in an official release. To [...]
ZIM: National Venture Capital Seeks Investment Proposals
THE National Venture Capital Fund (NVCF) says it is seeking investment proposals from potential investors with projects that can stimulate economic growth, create new employment opportunities and [...]
MTN, Wendel Say IHS Towers Kickstarts Second Attempt at IPO
IHS Holding Ltd. shareholders said the pan-African telecom-tower company has revived plans for an initial public offering, almost a year after abandoning a previous effort. MTN Group Ltd., [...]
East Africa Mergers, Acquisitions Halved Over Jan.-Aug. y/y
Value of disclosed deals in eight months through August drop to $433 million, compared with $869 million a year earlier, I&M Burbidge Capital says in emailed report. Number of transactions [...]
Zimbabwe Seeks Investors for Dollar-Bond Years After Default
Zimbabwe will seek to raise $200 million in a debut domestic U.S. dollar bond sale on its stock exchange in Victoria Falls that trades exclusively in foreign currency, according to Finance [...]
CDC backs African Private Credit with USD60 million commitment
CDC Group, the UK’s development finance institution (DFI) and impact investor, has made a USD60 million commitment under its African Private Credit Fund Strategy, which aims to address a [...]
AFC Plans Debut $2 Billion Africa Climate Resilience Funds
AFC Capital Partners plans to raise $2 billion to fund infrastructure projects in Africa that will make it more resilient to climate change. The asset management company, a unit of the Africa [...]