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…
Details 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…
Details 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…
Details The Ministry of Mines and Energy has signed a power generation concession agreement with a Pan-African industrial group, Eranove, for the development of Kékéli Efficient Power station. The contract covers the design, financing, construction, commissioning, operation and maintenance of the power plant. The project will be located in the Lomé port area. According to a company statement,…
Details Exxon Mobil Corp. resumed talks with Ghana Oil Co. as the oil supermajor nears a deadline to find a local partner for the exploration of crude at an offshore field, according to people familiar with the matter. Talks between Exxon and the Accra-based gas station operator, known as Goil, for a 5 percent stake in the…
Details Quoting Nelson Mandela and Charles Dickens, new Finance Minister Tito Mboweni’s climbed into the driving seat of South African economic policy, with aplomb, with his maiden mini-budget speech. His mere avuncular presence could revive comforting memories of better times – say, in 2005, when Mboweni was Reserve Bank Governor and the economy was cooking with…
Details Quoting Nelson Mandela and Charles Dickens, new Finance Minister Tito Mboweni’s climbed into the driving seat of South African economic policy, with aplomb, with his maiden mini-budget speech. His mere avuncular presence could revive comforting memories of better times – say, in 2005, when Mboweni was Reserve Bank Governor and the economy was cooking with…
Details Kenya has officially launched its second largest wind firm, the Kipeto Wind Power project by Overseas Private Investment Corporation (OPIC) – the US government’s development finance institution and Actis. The African Trade Insurance Agency (ATI), the Pan-African trade and investment insurer, said it has reached a deal to provide a 10-year standby revolving and on-demand insurance cover for the…
Details Kenya has officially launched its second largest wind firm, the Kipeto Wind Power project by Overseas Private Investment Corporation (OPIC) – the US government’s development finance institution and Actis. The African Trade Insurance Agency (ATI), the Pan-African trade and investment insurer, said it has reached a deal to provide a 10-year standby revolving and on-demand insurance cover for the…
Details The African Development Bank (AfDB) and African Trade Insurance Agency (ATI) have announced the successful completion of a US$500 million credit insurance deal structured to cover a portion of the Bank’s portfolio of non-sovereign operations in Africa. This transaction is expected to have an important demonstration effect to encourage similar institutions to invest more on…
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