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DON'T MISS : Talking Africa New Podcast – Angola: Where did all the money go?

Business

Monday, 16 September 2019

prudent pay-off

Aspen Pharmacare bounces back

South Africa’s largest pharmaceutical manufacturer, Aspen Pharmacare, may have announced a relatively tepid set of annual results for the year ... ended 30 June 2019, but the anticipation of a reduced debt load freeing up cash flows pushed its share price up 12% the day after its results announcement.

Friday, 13 September 2019

signal boost

Helios Towers tries again for a London listing

Helios Towers is planning to list on the London Stock Exchange, nearly 18 months after its first failed attempt. It made the announcement on ... September 12.

follow the money

Where Africa’s rich live

Mauritian bank AfrAsia has published the third edition of the Africa Wealth Report, ranking the richest people and their assets on the continent. ... The report looks at 17 African countries.

Behind the Curve

Ghana’s banks may find themselves undercut by MTN’s mobile money

When Kodjo Adovor, CEO of Kevi Capital in Accra, needs some business cards, he sends his order and a mobile money payment and within an hour ... has motorcycle delivery of the cards.

Thursday, 12 September 2019

home slice

South Africa: Woolworths vies with stale consumers and bad buys

Woolworths’ ambitious plan of stitching together “a leading southern hemisphere retailer” through the acquisition of David Jones is coming ... apart at the seams.

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contract puzzles

Aenergy’s Ricardo Machado, and the shadow of the Dos Santos family

Aenergy SA, the company created by Portuguese entrepreneur Ricardo Machado, is raising eyebrows and questions, especially with regards to its ... dealmaking in Ghana.

Wednesday, 11 September 2019

Sweet Spot

Kenya’s Equity Bank expansion in DRC may trigger more foreign interest

The move by Kenya’s Equity Bank to buy a controlling stake in Banque Commerciale du Congo (BCDC) may be timed to perfection. ...

Black Gold

Pipelines and progress in East Africa’s multi-speed energy markets

Several East African countries, including Kenya, South Sudan, Tanzania and Uganda, are laying the groundwork to join the ranks of oil-exporting ... countries.

Tuesday, 10 September 2019

smacked gob

Explained: how Nigeria got hit with a $9.6bn judgment debt in London

Nigeria has received a legal hiding after a UK court awarded a private company a $9.6bn judgment debt against the West African nation. ...

Dangers of dividends

Uganda: Still not safe for investors to go back into the water with Tullow Oil

The collapse of Tullow’s agreement worth $900m to sell a stake in the Lake Albert, Uganda project to Total and China’s CNOOC leaves the company ... needing to raise cash to keep its debt-reduction programme on track.

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