Tag Archives: Goldman Sachs
Goldman Sachs: Latest News
Kurt Davis Jr., 5:57 am AFKI Original
The story of American bank Goldman Sachs buying $2.8 billion worth of Venezuela government bonds back in May stirred a, perhaps unwarranted, backlash from the morality police, but it gave the country’s government a much needed financial windfall, and made money for the banks involved. With that in mind, and similar opportunities available in sub-Saharan Africa, we offer Goldman Sachs a few candidates in the region to put on their radar.
Kevin Mwanza, 5:31 am
Africa’s first tech unicorn, e-commerce websites holding company Africa Internet Group (AIG), has received $80 million additional funding from mobile giant Orange in addition to the $326 million it raised last month. AIG, the holding company for Africa’s fast growing online retail startup Jumia with operation in 11 countries, crossed the $1 billion valuation mark in March after it announced that French insurance giant AXA had invested $84 million for an eight percent stake.
Kevin Mwanza, 4:16 am
Africa Internet Group (AIG), one of the largest e-commerce companies on the continent, has raised $245 million (225 million euros) in one of the largest fundraising rounds by an African-focused tech firm. The funding has been raising from US-based investment bank Goldman Sachs and existing investors South African telecom MTN Group and German startup incubator Rocket Internet.
Dana Sanchez, 4:45 pm
Goldman Sachs just helped Angola successfully issue a $1.5 billion sovereign bond. Hugely oversubscribed, it attracted $7 billion in investment in spite of the government halving its budget over the past year because of the oil-price plunge. Bond investors in Nigeria registered returns of 40 percent and in Kenya, 56 percent since 2014, despite the plunge in the oil price. But some caution against being overoptimistic.
Dana Sanchez, 6:34 pm
Goldman Sachs is more bullish about South Africa than South Africa is, and expects 2.3 percent growth. “The fact is South Africa should be a 3.5 percent growth rate because that is the country’s real base capacity,” a Goldman Sachs MD said. “If South Africa just did the basics right, it would grow at 5 percent, and if it really excelled and produced a perfect performance, it would be at 7 percent.”
Ann Brown, 9:00 am
From The Independent The high profile legal row over whether Goldman Sachs exploited naïve Colonel Gadaffi-era staff at Libya’s sovereign wealth fund has erupted as the bank countersued, claiming the false allegations could damage its good reputation. The new, post revolution regime at the Libyan Investment Authority claims Goldman charged the fund more than $1bn […]
Kevin Mwanza, 11:18 am
Existing shareholders in IHS are contributing to the fund-raising exercise alongside new investors Goldman Sachs, the IFC Global Infrastructure Fund and African Infrastructure Investment Managers. Senior debt is being provided by Standard Chartered Bank for expansion of IHS’s business in Zambia.
Kevin Mwanza, 1:46 am
South Africa, Nigeria and Mozambique were the top most targeted nations in mergers and acquisition (M&A) transactions in the sub-Sahara Africa in 2013, a report by Thomson Reuters showed.
Barbara Bean-Mellinger, 8:45 am
South Africa is basking in the recent glowing reviews from Goldman Sachs and the ANC touting statistics about how far they’ve come in the past 20 years. But the people on the ground don’t all see it that way.
Dana Sanchez, 4:05 pm
Nyiramana learned how to run a business in Indego Africa’s Hand Up training programs and was accepted for the Goldman Sachs 10,000 Women initiative, which provides business and management education to female entrepreneurs in developing and emerging markets.
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