The Editorial Team |

Nigeria Oil Militants Give Talk Terms, Threaten Bloodshed

LAGOS, Nigeria, Capital Markets in Africa: Nigerian militants whose attacks on oil infrastructure have sent output plunging to its lowest level in 27 years said for the first time that they are considering peace talks, even as they threatened to rethink their policy of avoiding bloodshed. The oil minister said Monday that negotiations with the Niger Delta Avengers had begun. After rejecting talks with the government last week, the militants said they would need “a…

Emerging Markets Halt Brexit Slump on Wagers for Fed Status Quo

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LAGOS, Nigeria, Capital Markets in Africa: Developing-nation stocks and currencies rebounded from a four-day slide as MSCI Inc.’s decision not to include Chinese mainland shares in its indexes buoyed smaller markets and investors wagered the Federal Reserve would adopt dovish language in its Wednesday statement. Equity benchmarks in Hungary, Romania, India and the Czech Republic advanced at least 1 percent each. Chinese stocks traded in Hong Kong also rose as the index provider’s decision late Tuesday meant there…

Yield Exceeding 10% May Lure Investors to Ghana’s Eurobond Sale

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ACCRA, Ghana, Capital Markets in Africa: With yields among the highest in Africa, Ghana may find plenty of takers searching for a premium in a coming round of Eurobond sales. The world’s second-largest cocoa grower plans to raise as much as $1 billion after the International Monetary Fund endorsed its efforts to consolidate debt and stabilize a volatile currency. A successful sale hinges on government officials persuading potential buyers that double-digit returns are adequate compensation for concerns…

Private Equity | Helios closes sale of HTN Towers to IHS

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London, Capital Markets in Africa: Helios Investment Partners (acting on behalf of Helios Investors, L.P.) and including The Pembani Group, First City Monument Bank and IFC, announced today the completion of the sale of HTN Towers (“HTN”), the pioneer of tower infrastructure sharing in Africa, to IHS Holding Limited, the largest mobile telecommunications infrastructure provider in Africa, Europe and the Middle East. Founded by Helios in 2006, HTN was the first independent telecom tower company…

Investment | Helios acquires majority stake in Telkom Kenya

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Nairobi, Kenya, Capital Markets in Africa: UK private equity firm, Helios Investment Partners, today announced the acquisition of a 60% shareholding in Telkom Kenya by Jamhuri Holdings Limited (JHL), a company owned 100% by HeIios Investors III, L.P. (a fund advised by Helios Investment Partners LLP) following receipt of regulatory approval. The transaction also included an increase in the shareholding of the Government of Kenya (GoK) in Telkom Kenya from 30% to 40%. Babatunde Soyoye,…

Trade | EU Seals Trade Pact With African Nations After 12 Years of Talks

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LAGOS, Nigeria, Capital Markets in Africa: The European Union and six southern African nations will sign off on a trade accord Friday after 12 years of negotiations that were stalled mainly by differences over market access for agricultural products. The so-called Economic Partnership Agreements gives products from Botswana, Lesotho, Mozambique, Namibia, and Swaziland duty- and quota-free access to the EU. South Africa, which has the region’s most-developed economy, will enjoy enhanced market access that goes beyond…

Nigeria | Airlines Exit Nigeria on Slow Economy Hit by Dollar Shortage

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LAGOS, Nigeria, Capital Markets in Africa: International carriers may follow the example of United Airlines and Iberia and halt operations in Nigeria or cut flights as they struggle to move revenue out of the country because the oil-price slump has depleted the West African nation’s foreign exchange reserves. Iberia suspended its route to Africa’s biggest economy on May 12, followed by United, which informed employees that it would end flights from the U.S. to Nigeria at the end of…

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