Inspiring Leadership & Sustainable Business Transformation in Africa
KENYA – Caracal Gold Plc, a gold mining company, based in the UK, has picked Faida Investment Bank as its financial adviser and joint broker as it plans to do a Kshs 2 Billion (US$18.4 million) listing at the Nairobi Securities Exchange (NSE). Caracal Gold Plc listing at the Nairobi Bourse will make it only the second Company to have a dual…
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KENYA – Mayflower Gold has completed the acquisition of the Kilimapesa gold Mining and processing operations in Kenya from Alternative Investment Market of London Stock Exchange-listed Goldplat. The acquisition has been brought forward ahead of completion of the planned reverse takeover (RTO) of Papillon Holdings by Mayflower which will create a new London Stock Exchange listed gold producer in East…
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TANZANIA – Helium One, Australian private company with a licence for helium gas exploration and development of the Rukwa Project in Tanzania, has announced the commencement of the acquisition of seismic data. The Rukwa project in south western Tanzania is described as the largest known primary helium resource in the world. Through its website the company announced that it has…
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KENYA – Nigerian multinational financial institution GTBank, has revealed plans to buy a rival bank in Kenya, adding to the growing list of Nigerian lenders closing acquisitions locally to grow market share. The London and Nigeria Stock Exchanges listed bank said it wants to tap into East Africa’s biggest economy. “I think the place we would still like to do…
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AFRICA – London Stock Exchange-listed Helios Towers has reached agreements to buy and deploy over 2,500 high sites from and for Airtel Africa Group in deals that potentially give it access to four “attractive new markets”. Helios is acquiring Airtel’s passive infrastructure in Madagascar and Malawi and has signed an exclusive memorandum of understanding for the “potential acquisition of its passive…
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KENYA – London Stock Exchange-listed telecommunication company Airtel Africa Plc is seeking to sell a minority stake in its mobile financial services platform Airtel Money in a bid to raise cash. The multinational mobile telecommunication company, which operates in 14 countries in East, Central and West African countries, says the move is part of a strategy of selling some assets.…
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SOUTH AFRICA – Johannesburg Stock Exchange (JSE) -listed telecommunications specialist Huge Group has applied to list on the London Stock Exchange’s Alternative Investment Market (Aim), the company has said in a statement. This secondary listing will see Huge Group retaining its primary listing in Johannesburg through the JSE as well as its listing on South Africa’s A2X Markets stock exchange. “Following…
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KENYA – Th United Kingdom has pledged US$72.8 million to Kenya to fund the construction of affordable housing. UK Foreign Secretary, Dominic Raab said that the funding which will come in tranches, is part of the UK government’s support of President Uhuru Kenyatta’s vision of providing 100,000 affordable housing to Kenyans. Of this amount, US$9 million will be from the…
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EGYPT – The government of Egypt launched has launched its first green bond offering on the London Stock Exchange (LSE) which is valued at US$750 million and has a 5-year term. The offering by the North African county is the largest in the Middle East and North Africa region, and the first of its kind on the London Stock Exchange. According to Egypt’s Finance Minister Hussein…
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MALAWI – Conglomerate Press Corporation plc (PCL), a public company, has delisted from the London Stock Exchange (LSE) as a global depository receipt following a review of continued benefits of listing on the bourse. PCL was the only firm in the country which was dual-listed on both Malawi Stock Exchange (MSE) and LSE as a global depository receipt which is…
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