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Africa Investment


Etisalat Nigeria to raise $500 million debt this year

LAGOS The Nigerian operation of United Arab Emirates phone operator Etisalat plans to raise $500 million in debt from local banks to expand its network this year, its commercial officer said on Thursday.

Kenya's Housing Finance eyes more funding

NAIROBI Kenya's Housing Finance is looking to raise more funds in the second half of this year and increase mortgage lending as it expects last month's peaceful elections to spur demand for houses.

West Africa leading Central Africa on business reforms: investor

DAKAR West Africa nations are racing ahead of their Central African counterparts in deepening economic integration and slashing red tape to open up regional business opportunities, a private equity fund manager said.

Skills shortage could hamper Africa growth surge

DAKAR Abdoul Aziz Tamba is in his final year of an English course at Senegal's Cheikh Anta Diop University, but he has little hope of finding employment after three years of study.


Investing in Africa: mind the bumps and rewards will come

JOHANNESBURG If you want to ride Africa's business boom, choose your country well and be ready for bumps on the road. But the momentum is upward and you will be rewarded if you stay the course.

Kenyan retailer Uchumi eyes Rwanda, South Sudan

NAIROBI Kenya's Uchumi Supermarkets , the sole listed retailer in East Africa, plans to open six new stores in the next six months as well as expanding into Rwanda and South Sudan to tap new shoppers, its chief executive officer said on Thursday.

South Africa's Imperial aims to double Africa business

JOHANNESBURG South Africa's Imperial Holdings aims to double its core profit from the rest of Africa in at least three years and is looking for acquisitions to fuel the growth, its chief executive said on Thursday.


MTN could spend up to $8 billion on acquisition: CEO

JOHANNESBURG MTN Group , Africa's largest listed firm, could spend up to $8 billion on an acquisition and is looking for targets on the continent, the Middle East and Southeast Asia, its chief executive said on Wednesday.

Top investment banks seek to join Nigeria bourse: CEO

LAGOS Nigeria's stock exchange is reviewing applications from some leading global investment banks to join its trading floor, as reforms aimed at improving liquidity and transparency bear fruit, its CEO said on Wednesday.


Africa's oil and gas frontiers top up supply

LONDON New producing countries are set to redraw sub-Saharan Africa's oil and gas map over the next five years, contributing to a significant net increase in output and attracting the top global companies.


Carlyle says eyeing banks in fast-growing Africa

JOHANNESBURG Carlyle Group is looking at a number of banks in east and west Africa for a potential investment, its Africa co-head said on Wednesday, as the U.S. private equity firm focuses on the continent's growing consumer market. | Video