Private Equity |

Kinross to Invest $820 Million to Tread Water on Production

LAGOS (Capital Markets in Africa) – Kinross Gold Corp. is spending more than $800 million to essentially tread water as — like many miners — it faces a future in which new gold assets are increasingly difficult to find and costly to develop. The Canadian miner said Monday it will move ahead with expansions at mines in Mauritania and Nevada as part of efforts to maintain its production and lower costs. Construction for the Phase Two…

Helios Towers Africa Considering London Stock Exchange Listing

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – Africa’s Helios Towers, the independent telecoms tower infrastructure company and its shareholders are exploring strategic options for the business to drive its long-term growth. This may include the possibility of listing on the London Stock Exchange. At this stage, no decision has been made with all options remaining open to the company. Kash Pandya, CEO, commented: “This is an exciting time for Helios Towers as we continue to execute…

CEO of Africa’s Biggest Fund Manager Fights for His Future

Posted on by The Editorial Team

JOHANNESBURG (Capital Markets in Africa) – Public Investment Corp. Chief Executive Officer Dan Matjila rejected an allegation he misused funds as “spurious” ahead of a board meeting on Friday that could decide his future at the helm of Africa’s biggest money manager. Johannesburg’s Star newspaper reported Thursday that Matjila has been told by PIC Deputy Chairman Xolani Mkhwanazi to respond to an accusation he used PIC funds to finance a personal project related to someone he is allegedly…

Old Mutual Wealth to Absorb Some MiFID-Related Costs

Posted on by The Editorial Team

JOHANNESBURG (Capital Markets in Africa) – Old Mutual Wealth, a unit of Old Mutual Plc, said it will absorb some additional expenses when Europe’s MiFID II takes effect next year, though it hasn’t yet announced whether it will pass onto its clients the cost of external research for funds. “Absorbing costs is something we have to do and we already are,” Paul Feeney, chief executive officer of Old Mutual Wealth, said in an interview in Johannesburg on…

Coors-Led Fund Buys Africa’s Largest Sushi-Grade Trout Farm

Posted on by The Editorial Team

JOHANNESBURG (Capital Markets in Africa) – One Thousand & One Voices LLC, a private-equity fund started by the great-grandson of the founder of Coors Brewing Co., said it bought a producer of sushi-quality trout that is the largest such facility in Africa. SanLei’s operations are on the Katse Dam in Lesotho, an enclave surrounded by South Africa, 1K1V, as the fund is known, said in an emailed statement Tuesday. The company didn’t disclose the value of…

Solar Telecom Company Calls Ex-Morgan Stanley Manager to Africa

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – GreenWish Partners, a renewable energy company run by a former Morgan Stanley executive, is planning to invest $800 million on solar-powered telecommunications towers across Africa. The project could fuel economic growth by providing power for essential services. Sub-Saharan Africa has the lowest rates of energy access in the world and is home to about half of the world’s 1.2 billion people without reliable electricity, according to the International Energy Agency. The problem extends…

« 1 … 20 21 22 23 24 … 57 »