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Eskom secures LNG supply deal for planned 3,000 MW Richards Bay power project

South Africa’s state-owned power utility, Eskom, has signed a long-term liquefied natural gas (LNG) agreement with the Zululand Energy Terminal (ZET), a key step...

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...

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