Tag: Business Africa

Kenya Pipeline IPO Oversubscribed at 105.7 Percent, Finance Minister Says

The initial public offering of Kenya Pipeline Company was oversubscribed by 105.7 percent, reflecting strong investor demand for the state-owned energy infrastructure firm, Kenya’s...

South African Financiers Develop $122 Million Water Conservation Bond

Financial institutions in South Africa are structuring a 2 billion rand ($122 million) water conservation bond aimed at funding ecological restoration projects to protect...

Dangote Refinery Issues Tenders to Sell Gasoil and Jet Fuel

Nigeria’s Dangote Petroleum Refinery has issued tenders to sell cargoes of gasoil (diesel) and jet fuel for loading in March, a trade source said,...

Aliko Dangote Unveils Expansion Into Steel, Power and Ports

Aliko Dangote, Africa’s richest man and president of the Dangote Group, has announced plans to expand the group’s operations into steel production, electricity generation...

UK Government-Owned BII Moves to Take Controlling Stake in Zambia’s Zambeef

British International Investment is seeking a controlling interest in Zambeef Products Plc by converting its existing preference shares into ordinary shares, according to Reuters.The...

Aspen Pharmacare Targets Canadian Entry With Ozempic Generic by Third Quarter

Aspen Pharmacare plans to enter the Canadian market with a generic version of Ozempic by the second or third quarter of 2026, following the...

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