South Africa's MTN has raised $1bn in two dollar bonds, the telecoms firm said on Thursday, the first such issue by Africa's biggest wireless carrier by sales since 2014.
Diageo has scrapped plans to lift its stake in Guinness Nigeria due to tough conditions in one of its biggest markets for the world-famous stout, the drinks company said on Wednesday.
Britain's Barclays has completed the sale of its Egyptian business to Morocco's Attijariwafa Bank as part of its shift towards focusing on the United States and Britain.
China Fortune Land Development (CFLD) has signed a deal to develop and manage 14,000 acres (5,700 hectares) of Egypt's new administrative capital at a cost of $20bn, the Egyptian cabinet said in a statement on Monday.
South Africa may be over the worst of its economic downturn with potential growth of over 1% next year, Finance Minister Pravin Gordhan said on Monday, noting President Jacob Zuma had expressed confidence in him.
Nigeria's Dangote Cement has turned to locally-mined coal to fire its cement plants because of gas shortages due to militant attacks on Nigerian facilities and to lower its production costs.
- South Africa's Capitec Bank cuts back lending to poorer workers
- Kenya Airways in talks with 3-4 parties on stake sale, CEO says
- South Africa's Eskom to use $11bn future earnings for nuclear expansion
- Nigeria says it is owed $12.7bn in undeclared oil exports
- Flour Mills of Nigeria targets more exports to Europe helped by a weaker naira
- Kenya's cap on rates may hit commercial bank lending, central bank governor says
- Moody's says could downgrade South Africa rating if growth below forecasts