Latest News Southern Africa and Indian Ocean
Renewable energies
10/01/2024 at 16h41, by Christelle Marot
Globeleq acquires Mocuba Solar in Mozambique for $12 million
The Africa-focused independent renewable energy producer has acquired a 75% stake in Mozambique’s 41-MW...
Bank
05/01/2024 at 12h32, by Nadoun COULIBALY
Société Générale: expected withdrawal from Cameroon, Madagascar and Côte d’Ivoire
The French bank’s strategic withdrawal from Africa, which has already begun with six subsidiaries –...
Mines
20/12/2023 at 17h37, by Africa Business+
Malawi: Milanzi seeks new partners after Eramet abandons exploration work
The Milanzi blocks are believed to host mineralised sands and battery ores. One is close to a project...
Stock exchange
20/12/2023 at 15h26, by Africa Business+
Zambia: IFC issues ZMW 234 million ($10 million) bond
This is the second such operation this year in Zambia, a country that has committed to restructuring...
Renewable energies
18/12/2023 at 14h26, by Africa Business+
EAIF fund due to back Axian’s energy business in Madagascar
The UK vehicle is due to invest $30 million to support renewable energy investments on the continent.
Commercial banking
15/12/2023 at 17h26, by Africa Business+
EDF and TotalEnergies start to organise after Mozambique mega-dam victory
The French groups will team up with Japanese giant Sumitomo Corporation to build the Mphanda Nkuwa Dam....
Private Equity
15/12/2023 at 16h26, by Africa Business+
Adenia Partners beats expectations with fifth fund
The Mauritian firm has posted a solid year-end fundraising performance.
Construction & Infrastructure
14/12/2023 at 17h54, by Africa Business+
Sonangol starts restructuring its Paenal shipyard
The Angolan state oil company has a 40% stake in the shipyard, which has a vast area of land on the...
Agri-food industry
14/12/2023 at 11h42, by Africa Business+
Proparco commits to IFC’s Guaranteed Trade Finance programme
Details with Africa Business+
Advisory
13/12/2023 at 15h37, by Africa Business+
Rio Tinto Coal Mozambique: US SEC continues its case against Guy Elliott
In November, a $28 million settlement was reached between the US financial regulator and the other two...
Maritime transport
12/12/2023 at 16h20, by Africa Business+
Lobito: AGL signs concession agreement and seeks manager
Further details from Africa Business+
Development Bank
12/12/2023 at 15h56, by Pierre-Olivier Rouaud
Aqua Expeditions seeks $45m for luxury cruises in East Africa
The Singapore-based company, which already operates in the Amazon, Mekong and Bali, is looking to expand...
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