In addition to reporting a 21.3% increase in half-year adjusted profit and robust cash creation, South African mobile operator MTN Group said on Monday that
Category: Africa
Nigeria’s Dangote Refinery secures $1 billion underwriting for Africa’s largest $5 billion IPO.
In a significant step toward opening the largest refinery on the continent to investors, Nigeria’s Dangote Refinery has obtained a $1 billion underwriting program for
Nigerians’ cost of living crisis deepens; investors bubble as election looms.
In Abuja, the capital of Nigeria, Grace Adama puts on her earrings in her two-room apartment before taking her purse and heading out for work.
Nigeria’s Dangote Refinery IPO: Africa’s largest market listing to raise $5 billion in October.
Market listing plans for Dangote refinery Nigeria’s Dangote refinery plans Africa’s largest-ever market listing. Additionally, the Dangote refinery listing aims to raise about $5 billion
Surging global demand for critical minerals triggered violence and poverty in Africa, the WTO says.
The head of the World Trade Organization stated on Wednesday that rising global demand for essential minerals should be “a once-in-a-lifetime chance” for resource-rich nations
AfDB approves a $114 million loan for Africa’s first EV battery gigafactory in Morocco.
On Friday, the African Development Bank (AfDB) announced that it had authorized a €100 million ($114 million) loan to support the construction of Africa’s first
Nigeria’s Dangote Refinery raises $2.5 billion in a private placement ahead of a planned IPO.
To fortify its financial structure, Nigeria’s Dangote Petroleum Refinery has raised $2.5 billion through a private placement, according to Devakumar Edwin, the company’s CEO, on
Google invested over $1 billion in Africa in the last 5 years.
Google announced on Wednesday that it had surpassed a five-year goal of investing $1 billion in Africa, as it made public projects on infrastructure and
China authorizes Standard Bank and ICBC to jointly operate as the “Renminbi Clearing Bank of Africa.”
As Beijing intensifies its efforts to encourage the worldwide usage of its currency, the Chinese central bank has authorized Standard Bank and Industrial and Commercial
IMF warns Nigeria that $5 billion swap deal with the UAE lender is opaque and complex.
Nigeria plans to borrow up to $5 billion through a derivatives arrangement with First Abu Dhabi Bank, but the IMF issued a warning on Tuesday
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