Investment | Eni to invest EUR 20 bilion in Africa over next four years, CEO says

Investment | Eni to invest EUR 20 bilion in Africa over next four years, CEO says

Lagos, Nigeria, Capital Markets in Africa — Italy’s Eni plans to invest about 20 billion euros ($22.5 billion) in Africa over the next fours, mostly in oil and gas, the company’s Chief Executive Officer Claudio Descalzi said on Friday. “That represents about 60 percent of our investments” (over that period) he said in a presentation at the International Energy Agency in Paris. Descalzi said Eni, which is involved in projects in 15 African countries, will…

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Investment | Nigerian Ntel Pursues US$1 Billion Investment for Mobile-Broadband Growth

Investment | Nigerian Ntel Pursues US$1 Billion Investment for Mobile-Broadband Growth

LAGOS, Nigeria, Capital Markets in Africa — Nigerian Internet provider Ntel is looking more than US$1 billion to invest in 4G mobile broadband by 2020, to take advantage of a rising number of smartphone users in the country. “We are speaking to investors and to banks who are interested in a growth story for Africa,” Chief Executive Officer Kamar Abass, 51, said in an interview on March 31. “We are seeing the very beginnings of a…

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Investment | Ford Invests US$167 Million in South Africa, Create 1200 jobs

Investment | Ford Invests US$167 Million in South Africa, Create 1200 jobs

Johannesburg, Ghana, Capital Markets in Africa — Ford Motor Company will invest 2.5 billion rand (US$167 million) in the U.S. automaker’s South African operations to start production of the Everest sport utility vehicle and create about 1,200 jobs. The company’s plant in Pretoria, the capital, will have capacity to build 10,000 Everests a year and will be the fourth production hub for the SUV after factories in Thailand, India and China, Dearlove, Michigan-based Ford said in…

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Investment | Orange invests 75 million-euros in Africa Internet Group

Investment | Orange invests 75 million-euros in Africa Internet Group

PARIS, France, Capital Markets in Africa — Orange announces the acquisition of a 75 million-euro equity interest in Africa Internet Group, joining AXA, Goldman Sachs and longstanding investors MTN Group, Millicom and Rocket Internet. Through this investment, which will be accompanied by a series of strategic partnerships between the subsidiaries of the two groups, Orange will help Jumia and other websites run by Africa Internet Group to accelerate their growth and seize development opportunities in…

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INTO AFRICA April Edition: Africa’s Unshaken Fundamentals

INTO AFRICA April Edition: Africa’s Unshaken Fundamentals

LAGOS, Nigeria, Capital Markets in Africa — Over the past few years, discussion about Africa’s development, prosperity, growth and potential was becoming more optimistic, so Africa seems to have conquered the myth of negative perception. The gained optimism has led to many buzzwords such as Africa rising; Africa the last frontier, Lion on the move etc. As a result, Africa is not hard to sell to investors and many investment pitches highlight the common reason…

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Philosophy of Investment | To fight or flight – why risk can pay off

Philosophy of Investment | To fight or flight – why risk can pay off

LONDON, Capital Markets in Africa — If you ask most people how they make decisions, they’ll probably tell you they look at the pros and cons carefully and, once they’ve weighed up all the evidence, they make their choice based on reason, logic and factual information. In fact, this is not how people generally make decisions. They often make them quickly, based on intuition and gut feeling – and even apparently well-informed, considered decisions can…

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Private Equity | AfricInvest invests in Outsourcia

Private Equity | AfricInvest invests in Outsourcia

Casablanca, Morocco, Capital Markets in Africa — AfricInvest, a leading pan-African mid-cap-focused private equity firm, is pleased to announce that its Maghreb Private Equity Fund III has invested in Outsourcia Group (“Outsourcia”), a Moroccan leading contact centre and business process outsourcing (BPO) provider. Through its investment, AfricInvest aims to support Outsourcia in bringing its corporate development initiative, “Acquire and Migrate,” to other regions of Africa, while at the same time reinforcing the strong growth that the…

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