Eskom Holdings SOC Ltd. struggled to plug an income gap worth ZAR191 billion. Eskom Holdings SOC Ltd. admitted that it was struggling for ways to plug an income hole of ZAR191 billion equivalent to US$19.
Africa
Forte Energy proposes to acquire Leo Mining and Exploration Ltd
Forte Energy NL entered a non-binding contract for the intended purchase of Leominex for the growth of its uranium portfolio.
Kenya to create sovereign wealth fund of mining companies
Kenya announced places to create sovereign wealth fund for mining companies and mining ventures. Kenya announced it will form a state-owned holdings firm that will hold shares in the mining industry.
Kenya to introduce derivatives.
Kenya stated plans to introduce derivatives into its market. Following Kenya's equity trading volume decline in its stock exchange, which is also the region's largest, Kenya announced plans to introduce real estate investment trusts and derivatives, Kenya's financial-markets regulator said.
Naspers discuss US$1 billion bond sale
Naspers announced that they are considering the sale of US$1 billion bonds to fund acquisitions Naspers Ltd. announced that they are considering selling as much as US$1 billion in debt to fund acquisitions.
Latest News
Total number of investments increased 8.33%, according to a MENA report. According to a the 2012 Private Equity and Venture Capital in the Middle East Annual Report, the total number of investments rose 8.
Kenya's stock exchange, plans to introduce derivatives and real estate investment trusts after equity trading volumes declines
Ghana released information on seven-year bonds valued at around US$98 million. Ghana has prepared the sale of seven-year bonds valued at around US$98 million in two issues as Ghana aims to extend its government debt yield curve.
United Arab Emirates would grant Egypt US$3 billion to help the country recover from its devastated economy.
Access Kenya's take over offer document for Dimension Data Holdings has been approved by Kenyan regulator.
Mark Mobius of Templeton Emerging Markets Group considered investing in Africa. In a statement Mark Mobius released, he said he was considering private equity investments as one of the ways to tap growth in Africa.
Aptech Limited revealed plans to expand through its career education system. Aptech Limited, a Mumbai-based education company, has opened itself to acquisition opportunities that are in line with career education, to which it now focuses on, according to Ninad Karpe, CEO and managing director of Aptech Limited.
In a conference held today, the IEA said that they need US$300 billion to finance the Power Africa project.
In a recent study, the United Kingdom leads the merger and acquisitions investments in Africa. Companies from the United Kingdom have made the most investments in mergers and acquisitions in the African continent within the last 10 years, according to a study made by Freshfields Bruckhaus Deringer.
