Merger and Acquisition
Loans
Heirs Energies' Bold Moves in Nigeria's Oil Sector with $750 Million Debt Facility.
Insights
Broll Property Group: The $19.5Billion Force in African Commercial Real Estate.
Insights
The Surge of Smartphone Adoption in Africa: A Catalyst for Financial Inclusion
Smartphone adoption in Africa is projected to grow significantly, transforming the continent's financial landscape. Why It Matters: Increased affordability is expected to lead to smartphone usage accounting for 88% of all connections in Sub-Saharan Africa by 2030, compared to a global average of 92%. Consumer trends are anticipated
Industries
Nigeria Targets Private Capital Investors with $32 billion Electricity Reform.
Nigeria is implementing an ambitious electricity sector reform to make the industry more attractive to private capital investors. Why it matters: Poor tariff policies and ongoing challenges such as liquidity problems, substandard electricity supply, insufficient distribution infrastructure, and frequent power outages have made access to electricity in Nigeria a scarce
Industries
The $2.5 billion African Meatpacking Opportunity.
JBS SA, headquartered in Brazil and the world's largest meat producer, plans to invest approximately $2.5 billion to establish its first meatpacking facilities in Africa. Why does this matter: The outlook for JBS's operations in Nigeria is promising, given that Nigeria ranks as Africa'
Industries
OPEC Fund Signs $40 million Loan with Africa's Leading Agriculture Commodity Trader
The OPEC Fund, the development finance institution for the Organisation of the Petroleum Exporting Countries (OPEC) member states, has entered into a $40 million loan agreement with ETC Group, a prominent agriculture and supply chain operator in Africa. Why does this matter: The loan is the OPEC Fund's
Industries
Tanzania's Amsons Group $180 million Acquisition of Kenya's Bamburi Cement.
Amsons Group, a Tanzania-based family-owned conglomerate, has proposed a significant $180 million acquisition bid for the entire stake of Kenya-based Bamburi Cement through its Kenyan subsidiary and investment vehicle, Amsons Industries Ltd. Why does it matter: This move lies in the fact that it is regarded as one of the
Industries
Africa Data Centres Raises $110 million for Expansion.
Africa Data Centres, the largest operator and owner of interconnected, carrier, and cloud-neutral data centre facilities in Africa, has secured $110 million to meet the growing demand for cloud computing services in South Africa. Why is this important: This development holds significant importance as the continent’s expanding digital infrastructure
Industries
South Africa's Leading Chicken Producer Daybreak Farms Seeks $13.3 Million Debt.
Daybreak Farms, one of the largest chicken producers in South Africa, with a market share of over 7%, is planning to raise 250 million rand ($13.3 million) in debt. Why is this important: The company, owned by Africa's largest fund manager, Public Investment Corp, has had challenges
Industries
Cadbury Nigeria Plans $7.7million Debt-to-Equity Conversion
Cadbury Nigeria Plc the food, sweet and drink company has announced plans to convert an outstanding $7.7 million loan from its parent company Cadbury Schweppes Overseas Ltd into equity to reduce higher financing obligations due to the further devaluation of the Naira. Why is this important: Nigeria has undergone
Industries
The Growing Potentials of Africa's Entertainment Industry.
Cinema experiences, Social media, Gaming, Movie production and Streaming videos are shaping Africa's entertainment industry leading to new business models and an evolving ecosystem. Highly skilled African filmmakers are attracting new international attention as they produce content telling the African story. The continent's film industry is