Helios Towers Plc wants to enter South Africa within the next year, helping the mobile phone tower operator build scale as it prepares for a stock market listing as early as 2019. Helios is in talks with potential partners to comply with South Africa’s black economic empowerment requirements and wants to establish a local business in…
The Overseas Private Investment Corporation (OPIC) has committed $25m in financing to the Solar Energy Transformation Fund, which will provide loans to companies developing off-grid solar products and solutions for the millions of people in Sub-Saharan Africa and Asia. The OPIC commitment consists of both a senior and a subordinated tranche, which will help catalyze…
26 September 2018, New York, London, Johannesburg, Lagos, Nairobi, Cairo Africa investor (Ai), a leading international investment group, today announced that the 12thAi CEO Institutional Investment Summit was successfully concluded at NASDAQ. Hubert Danso, CEO and Vice Chairman of Africa investor opened and Chaired the Ai Summit. The summit convened leading CEO’s, institutional investors, pension…
Small shipment sizes are one reason why. Dwell times (the time goods spend at a port without moving) are another. Some of these inefficiencies are due to inadequate infrastructural and human capacity; well-run African ports outside of South Africa tend to be those run by foreign-owned concessions. Were African ports to become more efficient, the…
With recent reports estimating that six hundred million people are without access to electricity in sub-Saharan Africa, significant and sustained investment is required across Africa’s entire energy generation and supply value chain. While even a decade ago meeting Africa’s energy backlog was considered unaffordable, today, many largely technology-driven factors are creating new opportunities for investment…
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…
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…
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…
In the last few months much has been written about the overwhelming demand experienced by African eurobond issuers. Nigeria, Kenya, Egypt and more recently Ivory Coast have all come out smiling, having issued bonds at low rates that were unimaginable just a few years back. While “kudos” might be the appropriate response to these issuers’…