US firm sets sights on mineral-rich, landlocked East African nation with historic $1.4 billion electricity deal, its largest-ever investment
The 25-year public-private partnership between the Burundian government and Weza Power, a subsidiary of Anzana Electric Group, is designed to expand electricity distribution, connect millions of people and support the country’s economic transformation
Africa’s richest man picks US firm Honeywell for $300 million Kenya refinery deal
Honeywell will work on the 700,000-barrel-per-day refinery under a contract estimated at $300 million. The company said its previous work with Dangote’s refinery in Nigeria will help shorten the development timeline for the Kenyan project
Indian billionaire’s payments firm plots biggest London flotation in years
Sunil Bharti Mittal’s Airtel Money targets $9bn IPO in boost for ailing UK stock market
African payments firm Airtel Money plots debut on London stock market
African payments firm Airtel Money plots debut on London stock market The plans to launch an initial public offering (IPO) is expected to bring about one of London’s biggest listings in recent years. Airtel Africa has unveiled plans to float its mobile payments firm on the London Stock Exchange (Jonathan Brady/PA) PA Archive Anna Wise2…
Chinese firm behind Nigeria’s $1 billion cement takeover lands another $807 million deal in Asia
The latest transaction comes shortly after Huaxin formally entered Nigeria’s cement industry by completing its acquisition of Holcim’s 83.81% stake in Lafarge Africa, a move that positioned the Chinese company as a direct competitor to industry leaders Dangote Cement and BUA Cement in one of Africa’s largest construction markets
UNN to Partner Firm on AI, Smart Mobility Innovation Centre – MSME Africa
The University of Nigeria (UNN) and The Roxettes Group have announced plans to establish a research and innovation centre dedicated to artificial intelligence (AI), smart and green mobility, and digital technologies to strengthen research commercialisation, entrepreneurship, and technology-driven industrial development
Law firm rallies business, legal experts to position Nigeria as Africa’s investment hub – Businessday NG
One of Nigeria’s leading commercial law firms, Streamsowers & Köhn (SSK), will bring together foremost business executives, legal practitioners, regulators and investors to explore strategies for strengthening the country’s economy and positioning it as Africa’s leading investment destination