The aim is to raise an additional 1 billion crowns in the autumn and to use some of the funds for projects. Denmark and six pension funds on Thursday launched a 4.1 billion crowns (483.85 million pounds) investment fund aimed at promoting Danish technology and fighting poverty and climate change in developing countries. The aim…
Ethiopia is opening the state-owned telecommunications company and airline to foreign investors for the first time, a move that indicates new Prime Minister Abiy Ahmed is more receptive to outside interests in Africa’s second-most populous nation. Ethiopia will sell minority stakes to foreign and domestic investors in state monopolies such as Ethio Telecom and Ethiopian…
MTN launched a mobile money-based Initial Public Offering in Ghana. It is the first time shares of a major corporation can be purchased using mobile money accounts. Ghanaians will be able to buy shares using Momo Wallet, MTN’s local mobile money platform with 6.2 million users. With this, MTN Ghana hopes to raise about $743…
Namibia’s minister of mines and energy Tom Alweendo has underlined the need for government and private sector to collaborate in order to address socio-economic development challenges. Alweendo said this when he launched the B2Gold Otjiko Solar Farm in the Otjozondjupa region. The solar plant will serve as a sustainable power solution as B2Gold works to…
A fifth bidding window, worth R40-50bn will be launched later this year as part of the Department of Energy’s (DoE) renewable energy independent power producers procurement programme (REIPPPP). Energy Minister, Jeff Radebe says the intention of the bid window is to enhance local manufacturing to ensure investment and economic growth. It is also intended as…
NAIROBI, May 31 (Reuters) – A private Kenyan power firm has signed a 20-year deal to sell 40 megawatts it will generate from a solar plant it is building to the East African nation’s state-run distributor, its chief executive said. Kenergy Renewables signed the agreement to sell the electricity to Kenya Power at $0.08 per…
May & Baker Nigeria Plc will soon launch its much-awaited rights issue as shareholders of the company Thursday at the annual general meeting in Lagos approved the increase in the authorised share capital of the company to N3 billion. At the meeting, shareholders voted unanimously to increase the authorised share capital from N1.9 billion of…
Old Mutual Private Equity (OMPE), one of the largest and most established private equity players in South Africa, has acquired a 50% interest in Medhold Group (Medhold), a prominent end-to-end supplier of world-class medical devices. The transaction has obtained unconditional approval from the Competition Commission in South Africa and pending approval from the Competition Commission…
The Federal Executive Council (FEC) has approved immediate renegotiations of the East-West road contract with the handlers as well as its early construction of the Oron-Calabar segment. Usani Uguru Usani ,the Minister of Niger Delta lamented that over the years, his ministry has been bedeviled with several abandoned projects, which are now being completed and…
El Gestor de Infraestructuras de Telecomunicaciones de Guinea Ecuatorial (GITGE) is officially inaugurating Equatorial Guinea’s new Ceiba-2 fiber optic cable project during a private event on June 4 in Malabo. Keynotes for the launch of the state-of-the-art fiber optic cable include the President of Equatorial Guinea, H.E. Teodoro Obiang Nguema Mbasogo, the Minister of Telecommunications…