Seplat Petroleum Development Company has set its price for an IPO at USD1.67 per piece with dual listings on the Nigerian Stock Exchange and the London bourse, reported Ventures Africa.
Africa
BNP Paribas acquires South Africa's RCS
BNP Paribas has acquired RCS in a deal valued USD250 million, reported Ventures Africa. BNP Paribas’ South African arm has purchased 100 percent of RCS, reported Ventures Africa.
Microsoft innovates Indian hotline for startups
Microsoft has innovated an Indian hotline for startups to give advice, available during business hours from Monday to Friday, reported Venture Beat.
Seplat's listing is expected to spur IPO on Nigerian Stock Exchange
Seplat's public debut has been expected to increase IPOs on the Nigerian Stock Exchange, reported Ventures Africa.
UBA announces slowing down on Africa expansion
The United Bank for Africa has revealed that it would slow down its expansion in Africa that would be favorable to Nigeria's power projects, reported Ventures Africa.
Latest News
PricewaterhouseCoopers has announced its acquisition of Booz & Company without disclosing financial terms of the deal, reported Ventures Africa.
Databank Financial Services has launched a private equity fund to cater to small and medium industries in Africa's agricultural sector.
Kenya's investment firm TransCentury has sold 34 percent of the stake it holds in Rift Valley Railways to Citadel, reported Ventures Africa.
The sugar industry of Nigeria would be expecting a lot of hefty investments from key players in the market following the increase of demand for sugar, reported Ventures Africa.
Sanofi is looking to grasp a good hold in Africa through acquisition of business units, according to the firm's CEO Chris Viehbacher who told Reuters.
Ventures Africa reported that Marriott International has finalized an acquisition deal for Protea Hotels valued USD191 million.
Varun Beverages planned to invest USD300 million for a business expansion in South Asia and Africa, reported Ventures Africa.
Novare Equity Partners opens its second urban real estate investment leg, Novare Africa Poperty Fund II, with $250 million focusing on African countries, specifically Nigeria - where it operates.
US-based boutique advisor and venture capital firm The Africa Group (TAG) picked up a 25% stake in Ethiopia-based health systems engineering services provider Telemed Medical Services (Telemed) for an undisclosed amount to help more people gain access to health resources.
