Uncategorized

• The loan to Hewatele is among 17 new investment transactions approved for Africa by the US International Development Finance Corporation (DFC), totaling more than $655 million(Sh86.77 [...]

The Johannesburg Stock Exchange (JSE) is exploring the possibility of launching a renewable energy certificates market to expand its product offerings and accelerate South Africa’s adoption of [...]

Diageo Plc’s sale of Guinness Cameroon to Castel Group was endorsed by the Competitiveness Commission of the Economic and Monetary Community of Central Africa, Cameroon Radio Television reported. [...]

Cipla Quality Chemical Industries Limited says business will remain as usual and they will explain details of the transaction if Capital Markets Authority and Uganda Securities Exchange allows [...]

PPC Ltd. is seeking buyers for its stake in the Rwandan cement business CIMERWA Plc, with the government weighing a decision to acquire the shares, according the central African nation’s chief [...]

A public-private partnership backed by BlackRock Alternatives plans to buy a 31.25% stake in Lake Turkana Wind Power, Africa’s largest wind farm located in northern Kenya. The Climate Finance [...]

Mauritian conglomerate Rogers Group has acquired Rongai Workshop & Transport Limited through one of its subsidiaries Velogic Logistics as part of its regional expansion strategy. The [...]

AfricInvest is pleased to announce it has taken a minority stake in Justrite, a leading Nigerian familyowned retail department store. The company provides everyday essentials, such as groceries, [...]

Global ports giant DP World is exploring investment opportunities in Kenya’s Dongo Kundu Special Economic Zone (SEZ), a futuristic $304mn development aimed at boosting the economy of the coastal [...]

The loan arranged by the International Finance Corp., will go toward replacing Sococim’s clinkers with more fuel-efficient ones and reduce its carbon emissions, the IFC, a member of the World [...]

The Co-operative Bank of Kenya has raised a total of $100mn (KES12.6bn) in long-term debt from global institutional investors led by the German fund DEG to expand its capital base, according to [...]

Mascom is controlled by Deci Investments, a Botswana based company controlled by Botswana Public Officers Pension Funds (BPOPF) whereas the other shareholder in Deci Investments, holding [...]

Uganda Development Bank (UDB), the country’s national development finance institution, has reported a 52% jump in the size of its loan portfolio to UGX1.2trn ($326mn), Kampala-based daily [...]

Casablanca-based lender CIH Bank is paying 70m dirhams to take over the management of 8b dirhams in assets from BMCI, CIH says in a statement. Transaction is expected to be finalized in 1H/2023 [...]