The Editorial Team |

Kenyan Bank Jamii Bora Seeks Investor as it Considers Listing

NAIROBI, Kenya, Capital Markets in Africa: Jamii Bora Bank Ltd., a Kenyan micro-lender, has begun the search for a strategic investor to inject 3 billion shillings ($29.6 million) to fund its expansion as it considers listing on the domestic stock market, Chief Executive Officer Sam Kimani said. The bank is courting private-equity investors and other lenders as potential investors, Kimani said June 21 in an interview in the capital, Nairobi. In April, the company raised 1.2 billion…

Infrastructure | Engie Seeks to Tap Off-Grid Solar to Power Millions in Africa

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LAGOS, Nigeria, Capital Markets in Africa: Engie SA is seeking to become a player in the off-grid solar industry, one of the first major utilities to work directly in that niche of the energy system. “It could be a sizable part of the market,” Bruno Bensasson, chief executive officer of Engie’s Africa business unit, said in an interview in London. “Solar home systems are part of an energy proposal for countries, as well as national grids. We…

Infrastructure | Mainstream Raises $118 Million for African Wind and Solar Farms

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LAGOS, Nigeria, Capital Markets in Africa: One of Africa’s biggest renewable-energy developers raised $118 million to expand its footprint in the continent’s fast-growing markets for solar and wind power. Mainstream Renewable Power Ltd., a Dublin-based clean-energy developer, raised the funds to help finance the $1.9 billion Lekela Power joint venture, which plans to install more than 1.3 gigawatts of renewable electricity across Africa by 2018, Chief Executive Officer Eddie O’Connor said. “It’s high risk, so…

World’s 2nd-Biggest Sovereign Fund Sees Oil Glut Until Mid-2017

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LAGOS, Nigeria, Capital Markets in Africa: The global oil glut will probably persist until at least next summer as markets take time to absorb excess crude in storage, according to the head of research at the world’s second-largest sovereign wealth fund. Supply and demand for oil are coming back into balance, and the response of shale producers to rising prices will help determine how high crude can go, Christof Ruehl, the global head of research at Abu Dhabi Investment Authority,…

Oxford Said Business School MBA Scholarships for Africans

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Oxford Saïd Business School is committed to having a direct impact on the path of the individual lives of our African students. Our main aim is to be a part of the positive change in the region, by cultivating talented African MBA students while educating the whole of our student body about Africa’s intellectual wealth and economic potential. There are several ways to finance your course so please take time to explore whether you are…

Denham Capital and GreenWish Partners Sign Strategic Partnership

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NIGERIA, Capital Markets in Africa: Denham Capital, a leading global energy-focused private equity firm, and GreenWish Partners, a renewable energy investment company dedicated to sub-Saharan Africa, today announced a partnership to develop, build and finance a portfolio of 600 megawatts (MW) of renewable energy assets across sub-Saharan Africa by 2020. The capital commitment will allow the African renewables platform to carry out a USD$1 billion project pipeline. Charlotte Aubin-Kalaidjian, CEO of GreenWish, said, “We look…

Nigerian Equity Markets | 22 June 2016: Strong Buying Interest Pushes Benchmark Index above 30,000 Points

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LAGOS, Nigeria, Capital Markets in Africa: The bullish run in the Nigerian equities market was extended today as sustained buying interest from investors lifted the All Share Index above the 30,000.00 points mark to an 8-month high. At the close of trade today, the Benchmark index appreciated 2.4% to 30,127.82 points, while YTD returns further advanced to +5.2%. Similarly, investors gained N242.2bn as market capitalisation rose to N10.3tn. Gains recorded in market bellwether stocks, namely…

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