news

The International Finance Corp. has started a $300 million fund for small and medium-sized health-care businesses in Africa to enable them to access essential medical equipment and boost their [...]

Zimbabwe and Russia’s Rosatom Corp. signed a memorandum of understanding to explore nuclear generation as the African nation seeks to cut its reliance on hydroelectric power. “The anticipated [...]

Energy trader BB Energy has acquired the Africa-based subsidiary of UK solar developer Solarcentury and its pipeline of over 2 GWp of photovoltaic (PV) projects in the African region. The deal [...]

MTN Group Ltd. values its mobile-money arm at about $5 billion and will consider a listing of the division, joining African wireless carriers trying to monetize a service that is particularly [...]

The governments of Tanzania, Uganda and international oil firms, French Total E&P, and China’s Cnooc have signed off four key agreements for commercialisation of the proposed East [...]

AFDB facility will support Equity’s expansion in East and Central Africa and ensure MSMEs have access to capital to recover and thrive in a Post COVID-19 Environment. The Kshs 11 Billion [...]

  The Societe Africaine de Plantations d’Heveas said Friday that it plans to open a new rubber processing plant in the Ivory Coast. The leading producer and exporter of rubber in West [...]

Burkina Faso is pursuing its road modernization plan. This year, the country plans to invest more than CFA105 billion (€160 million) in big road projects. This decision was reported following a [...]

  Anglo American Plc will separate its South African coal mines into a new business this year, as the company accelerates its response to investor pressure over the most- polluting fuel. [...]

The Nairobi Securities Exchange (NSE) has disclosed that it has acquired a 4 per cent stake in the Dar es Salaam Stock Exchange citing strategic reasons. “Back in 2017, we took a position in the [...]

THE Tsumeb-based electricity infrastructure construction company Power Line Africa (Pty) Ltd has won a tender to design and construct a power line for the national power corporation worth over [...]

Insurance companies in Nigeria and other African countries are to benefit from Curacel’s $450,000 pre-seed funding for expansion that targets to address issues on claims fraud. Curacel’s [...]

AfricInvest, a pan-African private equity platform, has announced that its Maghreb Private Equity Fund III (MPEF III) has exited from its investment in Polymedic, a generics manufacturing company [...]

A new core investor has acquired 43.93 per cent equity stake in Omoluabi Mortgage Bank (OMB) Plc in a divestment deal valued at N1.2 billion. The transaction, which was done through a block [...]