Tag: Business Africa

Afreximbank and IDC Sign Three Year Deal to Deploy $8 Billion into South African Industry

The African Export-Import Bank (Afreximbank) and South Africa’s Industrial Development Corporation (IDC) have signed a three year Memorandum of Understanding to deploy $8 billion...

Angola Raises More Than $300 Million in Oversubscribed Unitel IPO

Angola has raised 300.3 billion kwanzas (about $329 million) after investors oversubscribed the initial public offering of a 15% stake in Unitel, the country’s...

South Africa Adds Angolan Kwanza to Regional Payment System in Boost for Cross Border Trade

South Africa has introduced the Angolan kwanza as a settlement currency in the Southern African Development Community Real Time Gross Settlement (SADC RTGS) system,...

DCC Energy Agrees to £5.7 Billion Takeover by KKR and Energy Capital Partners

Irish energy distribution company DCC Energy has agreed to a £5.7 billion takeover by a consortium comprising private equity firm KKR and Energy Capital...

Vodafone Beats Revenue Estimates as Germany Returns to Growth

Vodafone Group reported first quarter results that exceeded market expectations, driven by stronger service revenue growth in Germany and continued momentum across its African...

Burkina Faso Records More Than $6 Billion in Official Gold Trade as Mining Reforms Gain Momentum

Burkina Faso has recorded more than $6 billion worth of gold through official production and procurement channels during the first six months of 2026,...

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