The Editorial Team |

Nigeria | Dangote Sugar Refinery Plc Q1:2016 Earnings Update

LAGOS, Nigeria, Capital Markets in Africa — Dangote Sugar Refinery Plc (“DANGSUGAR” or “the Company” or “the Group”) published its Q1: 2016 results last week with the result showing an impressive performance for the period. Revenue for the Group was up 44.8% Y-o-Y to N32.6bn vs. N22.5bn in Q1:2015 on the back of increased sales volume and price increase which lifted the overall revenue for the Group. Cost restraint measures noticed across major operating cost…

Private Equity | 8 Miles investment in Verde Beef Processing Ethiopia

Posted on by The Editorial Team

Addis Ababa, Ethiopia, Capital Markets in Africa: 8 Miles LLP, the pan-African Private Equity firm announced an investment in Verde Beef Processing PLC, an Ethiopian agribusiness that specialises in producing premium beef in Adami Tulu, Oromia in Ethiopia. The investment of new money will give 8 Miles a significant minority stake alongside the management team and founder investors. The financial details of the transaction have not been disclosed. Ethiopia has the sixth largest cattle population…

Private Equity | Catalyst Principal Partners Invests in Orbit Chemical Industries, Kenya

Posted on by The Editorial Team

NAIROBI, Kenya, Capital Markets in Africa: East Africa focused private equity firm Catalyst Principal Partners has announced its investment in Orbit Chemical Industries Ltd. The investment enables Orbit Chemical’s ambitious expansion plans by increasing capacity of its existing lines, extending its products range into new synergistic categories, and regionalization of its manufacturing capability, thereby supporting the strong growth of existing as well as new customers across Eastern Africa and beyond. Orbit Chemical is amongst the…

Family Bank Plans Share Sale to Fund East African Expansion

Posted on by The Editorial Team

NAIROBI, Kenya, Capital Markets in Africa — Family Bank Limited, a closely held Kenyan lender, plans to raise 4 billion shillings ($40 million) in a share sale to existing investors by June that will be used to fund an East African expansion. The company wants to make a “cautious entry” into markets in the region over the next year, outgoing Managing Director Peter Munyiri told reporters in Nairobi on Friday, without identifying any countries. The lender, which has 1.7…

Botswana | Moody’s affirms Botswana’s A2 government bond rating; outlook stable

Posted on by The Editorial Team

Gaborone, Botswana, Capital Markets in Africa — Moody’s Investors Service (“Moody’s”) has today affirmed Botswana’s A2 long-term issuer and senior unsecured debt ratings. The outlook remains stable. Moody’s analyzed Botswana’s credit profile in the context of the commodity price shock and its impact on the country’s economic and fiscal strength. The affirmation reflects Moody’s view that despite pressure on some of the country’s credit metrics, the challenges that the current external environment poses for the…

Infrastructure | Access Energy Developing a $200-Million Solar Plant in Nigeria

Posted on by The Editorial Team

Lagos, Nigeria, Capital Markets in Africa — Access Energy Group, a Dubai-based renewable energy company, is developing a 100-megawatt solar project in northern Nigeria. The plant will be in the Kaduna state, north of the capital of Abuja. It is expected to cost around $200 million and be built in two phases of 50 megawatts, Reda El Chaar, the company’s managing director, said in an interview in London. The project is fully licensed and Access Energy…

Private Equity | Abraaj Plans $400 Million African Health-Care Pool

Posted on by The Editorial Team

LAGOS, Nigeria, Capital Markets in Africa — Emerging markets investor The Abraaj Group is trying to raise $400 million for a fund to invest in African health-care businesses, according to documents from an investor. Abraaj Growth Markets Health Fund Africa will invest alongside the Abraaj Growth Markets Health Fund, according to a report from the African Development Bank. The Dubai-based firm is trying to gather $1 billion for the latter and has closed on $500 million so far,…

« 1 … 913 914 915 916 917 … 1,066 »