Tag: Business Africa

Ethiopia injects $500m into market through special foreign exchange auction

Ethiopia’s central bank has allotted $500 million through a special foreign exchange auction as authorities intensify efforts to stabilise the country’s currency market and...

World Bank’s MIGA plans major Africa expansion with $6.4bn annual guarantee target

Multilateral Investment Guarantee Agency plans to more than double the value of guarantees it issues for projects in Africa to about $6.4 billion annually...

ZEN Petroleum founder emerges as largest individual investor in Ghana Stock Exchange history

William Tewiah has become the richest individual investor in the history of the Ghana Stock Exchange following a major equity acquisition tied to Ghana’s...

Eni explores third floating LNG project offshore Mozambique

Eni is considering the development of a third floating liquefied natural gas platform off the coast of Mozambique as the energy giant deepens its...

Zambia’s state investment firm enters joint venture to expand gold mining sector

Industrial Development Corporation Zambia has formed a new joint venture aimed at expanding gold mining operations in Zambia as the government intensifies efforts to...

Pick n Pay raises $282m through partial sale of Boxer Retail stake

Pick n Pay Stores has raised about $282 million through the sale of part of its stake in Boxer Retail as the retailer continues...

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