Chinese Fund Invests U.S.$4 Bilion in Africa
Guangzhou — The China Africa Development Fund (CAD Fund), an equity investment fund managed by China Development Bank, had invested 4 billion U.S. dollars in Africa as of the end [...]
Barclays sees Resilience in a Challenging Economic Environment
Popping in and out of sub-Saharan Africa is not a 20 basis-points trade or a 30 basis-points trade. You're really thinking about building a position slowly Ghana, Kenya and Zambia [...]African debt capital markets resilient in face of growth challenges
Debt capital markets in Africa remain resilient, displaying innovation in response to challenging regional and global environments. A review of the continent’s activity in debt capital markets reveals continued growth in [...]AFDB approves the first Multi-jurisdictional Fixed Income ETF in Africa
The Board of Directors of the African Development Bank (AfDB) has approved a seed equity capital investment of USD 25 million into the African Domestic Bond Fund (ADBF). The ADBF [...]Largest shoe manufacturer in Zimbabwe forced to import textile from Kenya
ZIMBABWE’S largest shoe manufacturer, Bata Shoe Company has said that it has been forced to import textile from Kenya as harvests from the local textile sector hit the lowest levels since [...]Dangote shuts down $500 million cement plant in Tanzania
Multiple sources including Forbes have reported that Africa's richest man Aliko Dangote has shut down his $500 million cement plant in Tanzania citing high energy costs and a technical glitch. According to [...]Barclays Africa Group Holds Pioneer Forum On Emerging Issues
Barclays Africa Group Limited on Monday held a pioneer Forum in Africa. The first of its kind in Africa, held in Nairobi touched on the macro economic environment, emerging trends in [...]Vodacom Tanzania Applies for Listing On Dar Exchange
Tanzania's Capital Markets and Securities Authority (CMSA) has announced that its reviewing a draft prospectus of Vodacom Tanzania to establish compliance on disclosure and risk factors prior to the firm's listing [...]AfDB appoints Waithira Ngure as the country manager for Southern Africa office
The African Development Bank (AfDB) has appointed Dr Josephine Waithira Ngure as country manager for the Southern Africa Regional Development and Business Delivery Office with effect from December 1. The [...]IMF issues Statement on Somalia Mission
During the visit, the team met with Finance Minister Mohamed Adan Ibrahim; the Minister of Planning and International Cooperation Abdirahman Yusuf Hussein Aynte, Central Bank Governor Bashir Issa Ali, Director [...]Mauritius 2nd biggest company set to acquire Fidelity Bank of Kenya
Kenya's Central Bank says SBM Holdings, Mauritius 2nd biggest listed company has expressed interest to acquire Fidelity Bank of Kenya and the deal is expected to be completed in a month's time. SBM [...]SMEs to access trade information across East Africa
Small and medium enterprises (SMEs) will now be able to access firsthand information on trade and investment opportunities across East African Community (EAC) member countries, thanks to a new initiative [...]
