Steve Johnson

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Zambia sweetens buyback offer for $1.36 billion Eurobond as debt management push intensifies

Zambia has enhanced its offer to repurchase its $1.36 billion Eurobond due in 2053, increasing incentives for bondholders in a bid to secure stronger...

AFC secures $2 billion funding backed by Asian banks to power Africa’s infrastructure drive

The Africa Finance Corporation (AFC) has raised $2 billion in fresh financing, with strong participation from lenders across Asia, the Middle East, Europe, and...

Dubai’s Apparel Group explores IPO for India business amid retail expansion push

Dubai-based Apparel Group is exploring an initial public offering for its fast-growing India business as the retail giant seeks to capitalize on rising consumer...

Spiro raises $215 million as Africa’s largest electric mobility company races toward unicorn status

Spiro, widely regarded as Africa’s largest electric mobility company, has secured $215 million in fresh equity financing to accelerate the expansion of its electric...

Hiab agrees $1.04 billion acquisition of truck maker Labrie in major North American expansion

Hiab has agreed to acquire Canadian refuse collection vehicle manufacturer Labrie Environmental Group in a deal valued at approximately $1.04 billion, marking one of...

African finance institutions mobilise local capital for ambitious plan to connect 300 million people to electricity

African development finance institutions are intensifying efforts to unlock African capital for one of the continent’s most ambitious infrastructure programmes, as leaders push to...

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