news

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 [...]

South Africa and Mozambique exercised their pre-emptive rights to increase stakes in Sasol Ltd.’s Rompco gas pipeline, which runs between the countries, displacing an earlier deal. South Africa’s [...]

Nairobi-based real estate developer Fusion Capital Limited has raised over US$8 million towards the completion of Greenwood City Mall, in Meru County in Kenya. The company, which doubles up as a [...]

Cameroon’s nascent fintech industry is gaining traction this year, a trend reflected by rising digital financial services adoption, considerable funding going towards paytech startups, and [...]

Africell, a fast-growing mobile network operator in Africa has closed a major commercial loan facility of $105 million for expansion in Africa. This financing is a syndicate from a leading group [...]

BT (BT.A.L) intends to exercise a call option to repurchase a 30% stake in BT Communications Services South Africa from South Africa-based private equity firm African Equity Empowerment [...]