South Sudan Initiates Move to Join Afreximbank
South Sudan has initiated moves to become a member of the African Export-Import Bank (Afreximbank), the Cairo-based continental multilateral financial institution established to promote and finance African trade. A South [...]
Barclays To Sell 68% 0f Zimbabwe Business to Malawi's First Merchant Bank
Reuters has reported that Barclays is in exclusive talks to sell its stake in its Zimbabwe unit to Malawi-based First Merchant Bank as the British bank continues its exit from [...]SA's Brait suspends LSE listing plan on Brexit uncertainty
South Africa's Brait SE has suspended plans to list on the London Stock Exchange, the investment firm said on Friday, citing uncertainty over Britain's decision to leave the European Union. [...]Acacia Mining Losing Over $1M Daily On Tanzania's ban Of Mineral Exports
By Reuters; Acacia Mining is losing more than $1 million in revenue each day at two mines in Tanzania because of the country's ban on exports of gold and copper [...]Did your Portfolio outperform the Largest Sovereign Wealth Fund in the World?
Norway’s sovereign wealth fund is one of the largest in the world and is managed by the asset management unit of the Norwegian Central Bank i.e. Norges Bank Investment Management. [...]Ethiopian Officials Demand Foreign Cement Producers To Give Part of Their Business To Unemployed Youth
According To Bloomberg, Ethiopian regional officials are demanding that foreign cement producers including Dangote Cement Plc hand control of some parts of their businesses to groups of unemployed youths. The Nigerian [...]Sanlam Group Acquires Majority Stake in PineBridge East Africa
Sanlam Group, through its subsidiary Sanlam Emerging Markets (SEM), has reached an agreement with PineBridge Investments (“PineBridge”), a leading global multi-asset class asset manager, to acquire PineBridge’s majority stake in [...]IM Bank Rwanda IPO Oversubscribed by 209%
IM Bank Rwanda has announced that its recent offer for the sale of a 19.81 percent stake through an Initial Public Offer has been oversubscribed by a solid 209 per cent. The [...]MA action shifts from West to East Africa, CC Report
Despite market deal volumes for Africa's Mergers and Acquisitions being down by nearly a third, international law firm Clifford Chance saw an increase in MA instructions in Africa in the same [...]World Happiness Report; Somalia Among Africa's Happiest Countries
The latest World Happiness Report (WHR) report released on Monday shows that Algeria leads the rest of Africa in happiness, followed by Mauritius. Conflict-torn Libya is surprisingly ranked third, ahead of Morocco. [...]Somalia Gets First 4G Internet
On Saturday, telecom company, Somnet launched the first 4G network in Somalia's capital, Mogadishu where hundreds were seen making long queues at the Somnet headquarters to purchase the 4G simcard, Dalsan [...]Dangote To Open World's Largest Oil Refinery Worth $12B
The $12 billion Dangote Oil Refinery in Lagos which will be the largest in the world will begin operations in 2019 and is expected to produce 650, 000 barrels of [...]
