Airtel Africa raises $1.25 billion from SoftBank, 5 others before IPO

Companies & Markets

New Delhi: Half a dozen marque investors, including Warburg Pincus LLC, Temasek Holdings, Singapore Telecommunications Ltd and SoftBank Group Corp, will invest a combined $1.25 billion in Bharti Airtel Ltd’s unit in Africa ahead of a potential initial public offering (IPO). India’s second-largest mobile operator by users will use the funds to trim Airtel Africa Ltd’s debt of…

Say hello to SA’s new Sovereign Wealth Fund

News

JOHANNESBURG – Finance Minister Tito Mboweni will deliver his medium-term Budget policy speech in Parliament today amid difficult economic circumstances. However, this is the right time to announce the establishment of a South African Sovereign Wealth Fund (SWF) with its core strategic mandate centred around macroeconomic stabilisation as well as long-term savings. The SWF idea…