news

Shelter Afrique plans to return to the market to raise $1.25 billion in local-currency bonds by the end of the year as the pan-African mortgage financier emerges from a management crisis that [...]

Banco BAI, Angola’s biggest private lender by assets, is expected to sell shares to the public by mid-2022, CEO Luis Lelis says in an emailed statement. * BAI shareholders approved changes to the [...]

Bank of Ghana signs agreement with the Munich-based tech company to implement a pilot central bank digital currency project as a precursor to the issuance of a digital form of the cedi, according [...]

15 member nations of the Economic Community of West African states, ECOWAS announced the launch of a unified cross-border debt market by 2023, a push that will deepen economic integration in the [...]

Djibouti plans to sell 40% of its state-owned phone company to raise cash for its sovereign wealth fund and help the economy recover from the coronavirus pandemic. The sale of Djibouti Telecom SA [...]

MTN Rwanda has concluded its licence renewal process with Rwanda Utilities Regulatory Authority (RURA), the telco confirmed in its half year statement. The previous licence expired on June 30 [...]

Kuda Bank, the London-based, Nigerian-operating startup that is taking on incumbents in the country with a mobile-first, personalised and often cheaper set of banking services built on newer, [...]

First City Monument Bank (FCMB) has said that women and local enterprises involved in agribusiness, manufacturing, health care, and renewable energy will soon have access to long-term funding [...]

Investors sought to lease facilities, including sugarcane estate, factory, administrator says in statement in Nairobi-based Daily Nation newspaper. * Facilities held as collateral by lenders; [...]

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 [...]