The Algerian government is seeking a re evaluation of Djezzy the telecommunications firm before its purchase from Vimpelcom.
Africa
Ghana to Issue Eurobond Worth US$1 Billion
Ghana, similar to its issue in 2007, is planning to sell Eurobond worth US$1 billion. Ghana is planning to issue a Eurobond worth up to US$1 billion in order to refinance its current debt and fund infrastructure projects, according to the country's Vice President.
Catalyst Buys Shares in Ethopia’s Yes Brands
Catalyst Principal Partners invests in Yes Brands of Ethiopia. The East African-focused private equity firm, Catalyst Principal Partners pronounced today its purchase of a 50% shares in the Ethiopia’s Yes Brands Food & Beverage.
Nigeria to Sell Eurobonds
Nigeria is preparing to sell nearly US$1 billion of Eurobonds. According to Nigerian Finance Minister Ngozi Okonjo-Iweala, Nigeria is planning to sell US$1 billion worth of Eurobonds.
Geldof's 8 Miles Fund backs eleni LLC
eleni LLC would build African commodity exchanges with the help of Sir Bob Geldof's 8 Miles Fund.
Latest News
Etihad, in a move to expand presence in Africa, partners with South African Airways for route sharing and other benefits.
Dimension Data, a unit of NTT, would be purchasing AccessKenya through its subsidiary, Internet Solutions.
Sub Saharan Africa a hotbed for bond yields according to Goldman Sachs. Many Sub-Saharan countries, aside from South Africa, have sold nearly US$7 billion in debt for the year.
The Commercial Bank of Rwanda is the first IPO to be done in the Rwandan Stock Exchange. Rwanda has just announced that two companies, namely the Commercial Bank of Rwanda and the national air carrier RwandAir would be listing in the country's fledgling stock market.
After a two year wait, the Rwandan bourse is preparing an IPO of I&M Bank. The Rwandan Stock Exchange is now in the midst of planning its first listing since June of 2011.
Intel Capital appoints new Investment Director Intel's global investment and mergers and acquisitions organization, Intel Capital, appoints Tobi Oke as its new Investment Director to lead the investment team for the firm.
Telecom Ltd purchases Revera Ltd for NZ$96.5 million. Telecom New Zealand Ltd announced last Monday that it is acquiring Revera Ltd, a privately owned IT infrastructure and data center based in Auckland, NZ.
Petromoc is mulling on IPO options as to venue and value. The Mozambique state owned distributor of petroleum products, Petroleos de Mocambique SA, is in the process of reviewing the possibility of an initial public offer of its shares either in South Africa or Europe.
The Ugandan mobile telecommunications market grew smaller when Bharti Airtel, the second largest, acquired the third largest, Warid Telecom Uganda.
