Finance | - Part 24

Investment | Ford Invests US$167 Million in South Africa, Create 1200 jobs

Johannesburg, Ghana, Capital Markets in Africa — Ford Motor Company will invest 2.5 billion rand (US$167 million) in the U.S. automaker’s South African operations to start production of the Everest sport utility vehicle and create about 1,200 jobs. The company’s plant in Pretoria, the capital, will have capacity to build 10,000 Everests a year and will be the fourth production hub for the SUV after factories in Thailand, India and China, Dearlove, Michigan-based Ford said in…

Investment | Orange invests 75 million-euros in Africa Internet Group

Posted on by The Editorial Team

PARIS, France, Capital Markets in Africa — Orange announces the acquisition of a 75 million-euro equity interest in Africa Internet Group, joining AXA, Goldman Sachs and longstanding investors MTN Group, Millicom and Rocket Internet. Through this investment, which will be accompanied by a series of strategic partnerships between the subsidiaries of the two groups, Orange will help Jumia and other websites run by Africa Internet Group to accelerate their growth and seize development opportunities in…

Finance | Rwanda Targets $1.5 Billion in Foreign Investments in 2016

Posted on by The Editorial Team

Kigali, Rwanda, Capital Markets in Africa — Foreign direct investment in Rwanda will probably rise 36 percent this year to $1.5 billion, according to the Rwanda’s development board. Projects financed by foreigners will rise from $1.1 billion last year, Francis Gatare, chief executive officer of Rwanda Development Board, said in an interview on Thursday. “In 2015 we witnessed an increment in the number of investments registered, with key projects in energy and education topping the…

Finance | IFC, EIB and Ecobank Partner to Boost SME Finance across Africa

Posted on by The Editorial Team

Abidjan, Cote d’Ivoire, Capital Markets in Africa — International Finance Corporation (IFC), a member of the World Bank Group, the European Investment Bank (EIB) and Ecobank Transnational Incorporated (ETI), parent company of the Ecobank Group and leading pan-African full-service banking group, today signed a landmark risk-sharing agreement that will help fill the gap in financing for small and medium sized enterprises in some of Sub-Saharan Africa’s poorest and most fragile countries. Under the agreement, EIB,…

Infrastructure | The Abraaj Group launches energy development arm dedicated to Global Growth

Posted on by The Editorial Team

London, United Kingdom, Capital Markets in Africa — The Abraaj Group (“Abraaj”), a leading investor operating in global growth markets, today announced the formation of a dedicated project development arm to further extend its investment capabilities in the energy infrastructure space. As a member of The Abraaj Group, Themis Energy (“Themis”) will leverage the Group’s local teams, global network, execution capabilities and existing infrastructure team to originate, develop and manage projects from concept stage to operations….

Africa Internet Group, parent of Jumia, secures over €300M funding

Posted on by The Editorial Team

LAGOS, Nigeria, Capital Markets in Africa —- Africa Internet Group, the parent company of Jumia the online retailer, has secured over €300M in funding. This new round of investment is led by existing investors including MTN and Rocket Internet as well as a new investor, Goldman Sachs. In a statement, AIG said that the funds will significantly strengthen its balance sheet, enabling the company to leverage the significant growth of Jumia and to capitalise on…

IFC Investment Boosts Egypt’s Energy Infrastructure, Port Sector

Posted on by The Editorial Team

Cairo, Egypt, Capital Markets in Africa —IFC, a member of the World Bank Group, is providing a financing package of $144 million to Sonker Bunkering Company, SAE, to help develop vital new energy infrastructure and boost the performance and competiveness of Egypt’s ports. IFC’s financing – including a loan of up to $70 million, $52 million mobilized from partners, and $22 million in mezzanine financing – will go toward the development of Egypt’s first private…

« 1 … 22 23 24 25 26 … 37 »