Tema LNG Terminal Company has signed an agreement with the China Harbour Engineering Company (CHEC) for the construction of a $350 million liquefied natural gas (LNG) terminal in Tema. The LNG Terminal is being constructed on the back of a 12-year gas supply agreement that was executed between the Ghana National Petroleum Corporation (GNPC) and Rosneft,…
Details The African Development Bank, the European Commission, Mariner Investment Group, LLC (Mariner), Africa50, and Mizuho International plc today announce the pricing of Room2Run, a US $1 billion synthetic securitization corresponding to a portfolio of seasoned pan-African credit risk. Room2Run is the first-ever portfolio synthetic securitization between a Multi-Lateral Development Bank (MDB) and private sector investors,…
Details The African Development Bank, the European Commission, Mariner Investment Group, LLC (Mariner), Africa50, and Mizuho International plc today announce the pricing of Room2Run, a US $1 billion synthetic securitization corresponding to a portfolio of seasoned pan-African credit risk. Room2Run is the first-ever portfolio synthetic securitization between a Multi-Lateral Development Bank (MDB) and private sector investors,…
Details The first trans-border gas pipeline in East Africa is set for construction. This is after Tanzania and Uganda signed a deal for the construction of a natural gas pipeline at the end of a three-day Joint Permanent Commission Summit held in Kampala. Confirming the reports was Tanzania Petroleum Development Corporation (TPDC) managing director Kapuulya Musomba who…
Details The first trans-border gas pipeline in East Africa is set for construction. This is after Tanzania and Uganda signed a deal for the construction of a natural gas pipeline at the end of a three-day Joint Permanent Commission Summit held in Kampala. Confirming the reports was Tanzania Petroleum Development Corporation (TPDC) managing director Kapuulya Musomba who…
Details Coca-Cola Co (KO.N) has agreed to buy coffee chain Costa for $5.1 billion (3.92 billion pounds) to extend its push into healthier drinks and take on the likes of Starbucks and Nestle in the booming global coffee market. The purchase from Britain’s Whitbread (WTB.L) of Costa’s almost 4,000 outlets thrusts the world’s biggest soda company…
Details Coca-Cola Co (KO.N) has agreed to buy coffee chain Costa for $5.1 billion (3.92 billion pounds) to extend its push into healthier drinks and take on the likes of Starbucks and Nestle in the booming global coffee market. The purchase from Britain’s Whitbread (WTB.L) of Costa’s almost 4,000 outlets thrusts the world’s biggest soda company…
Details Kenya’s President Uhuru Kenyatta signed a US $232m deal with two US companies; the US Overseas Private Investment Corporation (OPIC) and Kipeto Wind Energy Company that will see the construction of and operation of 100MW grid connected wind power plant. According to President Kenyatta, the plant which is will be located south of Nairobi will provide…
Details Discovery Ltd has agreed to buy banking group FirstRand’s 25.01 percent stake in a financial joint venture for $120 million, paving the way for the South African insurer to launch its own bank later this year. Discovery, which offers health, life and car insurance, was granted a South African banking licence last year, but only…
DetailsKenya has secured a deal to export agricultural products to Britain after it leaves the European Union. Visiting British Prime Minister Theresa May said on Thursday on a visit to Nairobi that her government looks forward to increased trade with non-EU nations as a Brexit selling point. Ms May was speaking on the third stop…
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