new finance models

Dangote, Orange… Africa’s champions in the era of “lean growth”

in depth

This article is part of the dossier:

Wealth creators

By Joël Té-Léssia Assoko

Reserved for subscribers

Posted on March 15, 2023 16:19

Faced with the rising cost of credit, large groups like Dangote, TGCC and Orange have competing strategies in their approach to capital.

Mohamed Bouzoubaâ has decided. A little more than a year after the remarkable IPO of the Moroccan group Travaux Généraux de Construction de Casablanca (TGCC), its boss has chosen to turn again to the market to finance the immediate needs of the company, rather than to the banking sector.

Accompanied by ValorisCorporate Finance, Capital Trust Finance and CFG Finance, the company launched at the end of February the issue of 500 million dirhams (44.5 million euros) of commercial paper.

There's more to this story

Get unlimited access to our exclusive journalism and features today. Our award-winning team of correspondents and editors report from over 54 African countries, from Cape Town to Cairo, from Abidjan to Abuja to Addis Ababa. Africa. Unlocked.

Subscribe Now

cancel anytime

Already a a subscriber Sign In

Also in this in Depth:

predicted decline

IEA-OPEC clash ‘beginning of the end’ of fossil fuels? According to the International Energy Agency the decline of oil, gas, and coal is imminent. Producer cartel OPEC has hit back, calling the forecasts ‘alarmist’.

VALUE ADD

CEO Heinie Werth: Sanlam-Allianz joint venture a long-term play in Africa SanlamAllianz Africa is a newly launched holding company domiciled in South Africa with a commitment to the whole continent, according to the CEO.

still traditional

Whisky or vodka? Study reveals Africans’ alcohol consumption habits Africa’s demographic growth is whetting the appetite of alcohol sector leaders Heineken, Diageo, and AB InBev.

Cut off

Niger still isolated after airports reopening Air France, Turkish Airlines and pan-African airline Asky have not returned to Niamey, despite the reopening of Niger’s skies to commercial flights early this month.