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Thursday, July 9, 2020

India’s Bharti Airtel Plans June for London IPO of $5bn Africa phone unit

Bharti Airtel Ltd., India’s second-biggest wireless carrier, is preparing to kick off the initial public offering of its Africa unit in a deal that could raise about $1 billion, people familiar with the matter said. Airtel Africa is planning to make a formal announcement about...

Access Bank completes N15bn green bond listing on Luxembourg Stock Exchange.

Access Bank says it has completed the listing of its N15bn green bond on the Luxembourg Stock Exchange. A statement said the 15.50 per cent fixed rate, unsecured climate-credential green bond represented a major milestone in the development of the local green finance market. The bond...

MTN reshuffles board, appoints Nigerian Emir, Mbeki, into international advisory board

MTN Group today announced significant changes to the group board and the establishment of an international advisory board (IAB). In a statement, the operator says the MTN Group board is of the view that the company has entered a more stable and settled period which...

Burger King looks Nigeria to drive African expansion

World’s second-largest burger chain sees ‘huge opportunity’ in countries including Nigeria Burger King is in talks to open restaurants in sub-Saharan African countries, including Nigeria, as the US fast-food group accelerates its international expansion to compete better with rival McDonald’s. Daniel Schwartz, chief executive of...

UPDATED: South Africa’s MTN registers 20 billion shares of its $5 billion Nigerian business

MTN had said it wanted to list in first half of 2019 * South African firm has faced several disputes in Nigeria * Judge says MTN met deadline to file tax challenge (Adds details, quotes, background) MTN Nigeria Communications Plc (MTN) says it has successfully completed the...

Analysts see Dangote’s refinery start production in 2022

Dangote insists refinery on schedule despite industry skepticism A huge oil refinery being built in Nigeria by Africa’s richest man is unlikely to start production until 2022, two years later than the target date, sources with direct knowledge of the matter said. The 650,000...

Nigeria offers Dangote license to build car assembly plant

Dangote Group has been granted a franchise by the Peugeot of France Groupe to construct and operate an assembly plant in Nigeria. A franchise is a type of license that a party (franchisee) acquires to allow them to have access to a business’s (the franchiser)...

Notore to partner Mitsubishi Corporation to build new fertilizer plant

Notore Chemical Industries has announced plans to partner with Mitsubishi Corporation of Japan and other international investors for the construction of a new plant at the facility located in Onne, Rivers State. Group Managing Director/Chief Executive Officer, Notore Fertilizer, Mr Onajite Okoloko, disclosed this; he...

South Africa’s MTN applies with Nigerian securities regulator to list shares of local unit

ABUJA, May 3 - South African telecoms firm MTN has applied with Nigeria's securities regulator to list shares in its local unit on the country's bourse, two people with direct knowledge of the matter said on Friday. Nigeria is the biggest market for Africa's...

Pan African Towers signs $20 million infrastructural investment deal

Pan African Towers (PAT) Limited, a Nigerian firm has signed a $20 million infrastructure investment deal with Canadian firm, Watt Renewable Corporation. The partnership will see Watt Renewable provide alternative energy solutions like solar and other renewable to all towers owned and managed by PAT...
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