04/13/2015
Kenya: CAK Clears Path for Merger of Three Companies
The move ends a three-year push and pull the company has had with the Insurance Regulatory Authority over single ownership limit rule of 25 per cent set in 2009.
Alternative Investments
04/13/2015
IBTC Bank Secures $90m Credit for SMEs
The purpose of the facility is for Stanbic IBTC Bank to on-lend to small and medium sized companies for the financing of projects in the infrastructure sector, which include agriculture, oil and gas, power, ports, telecom companies, etc. within Nigeria.
04/12/2015
Ghana Scraps $1 Billion Bank of America Loan for Bond Sale
Ghana dropped a plan to borrow money from Bank of America Corp. to focus on selling $1 billion in Eurobonds as early as June.
04/10/2015
Kenya and Qatar to sign key pact next week
Kenya and Qatar will sign an agreement next week to enable establishment of the Nairobi International Financial Centre.
04/10/2015
Nigerian Banking Tycoon Jim Ovia To Sell Stake In Telecoms Firm To MTN
Visafone, which Ovia founded in 2007, is a Code division multiple access
04/09/2015
Motilal Oswal Asset Management Launches India Zen Fund
The company says it will make investments in firms with market cap levels ranging between $100 million and $3.5 billion.
04/09/2015
Equity Bank gets shareholders’ assent to enter 10 new markets
The new shares are currently valued at over Sh20 billion
04/08/2015
Sandton City to get a Prada facelift
Exquisite craftsmanship and clean lines are not all that Prada’s arrival in Sandton City will usher in
04/08/2015
Delta International expands Mauritius Stock Exchange listings
Delta International, the first Africa-dedicated property fund listed on the JSE’s AltX bourse, has been given permission to list up to 29-million additional ordinary shares on the Stock Exchange of Mauritius
04/08/2015
Dubai fund ICD inks deals for US, South African hotels
The Investment Corporation of Dubai, which hold stakes in many of the emirate's top companies, announced on Wednesday that it has made three new acquisitions in the global hospitality sector.
04/08/2015
DrBridge seeks investments at $4m to start foreign expansion: CEO
We plan to expand externally by the end of 2015, and are choosing between Saudi Arabia, Nigeria and South Africa, says Barsoum
04/08/2015
Equity owners approve massive expansion plan
Equity Group shareholders have approved Sh20 billion Pan African expansion plans that will see the group expand its continental reach of it banking, technology and related businesses.
04/07/2015
Ghanaian companies embark on trade mission to Qatar
Ghanaian business companies will, from April 5 to 10, embark on a trade and investment mission to Doha in Qatar
04/07/2015
South African Actuaries to Determine The Worth of BAI’s Assets
South-African actuaries of PricewaterhouseCoopers (PWC) are expected to arrive today, 7th of April
04/07/2015
Tunisia to sell stake in state banks, expects $1 bln in World Bank, IMF loans
Tunisia has been under pressure from international lenders to reduce its fiscal deficit
04/06/2015
Fund’s change of benchmark will affect fees
With about R40 billion in assets, the fund is the largest equity fund, and the fifth-largest unit trust fund, in South Africa
04/02/2015
Africa’s growth cities attract increased foreign real estate investment
Nigeria is now the largest economy in Africa
04/01/2015
Bob Diamond’s African Banking Venture Runs Into Problems
Former Barclays CEO’s Atlas Mara vehicle questioned over pay, conflict of interest
03/31/2015
Rock Star Spearheads U.S. Private-Equity Push Into Ethiopia
KKR, Blackstone, Paul Tudor Jones help drive investment as Africa makes historic shift from aid to trade
03/31/2015
Development Partners International closes Africa fund at $725m
Investors said consumer-facing industries from private education and insurance to retail offer the chance of high returns.