Tag Archives: sale

sale: Latest News

  • South African Ratings Downgrade Is Hurting Barclays Africa Exit Plan

    Barclays Africa exit plan By Reuters, 9:48 am

    The pool of potential buyers is shrinking that Barclays’ can sell shares to in its African business. Some institutional investors, including pension funds, do not allow them to hold an asset that’s sliding on credit ratings. Barclays is struggling to find one strategic buyer that will satisfy South African regulators and is looking to sell its remaining 50% stake in chunks. More than 80% of its revenue is in South Africa. “Banks are paying the price for political uncertainty that we’ve seen in the country over the past two weeks,” a fund manager said.

  • Ghana Companies May Sell Mines Over Power, Bullion Slips

    By Staff, 2:09 pm

    Mining companies in Ghana are considering selling some gold mines because of an erratic power supply and a drop in the price of bullion, the chamber of mines said. The chamber has asked the government to lower taxes on diesel, which is used to fuel generators, Chief Executive Officer Sulemanu Koney said Thursday in the capital, Accra. He declined to name the mining companies.

  • 10 Most Famous Songs About Africa By Non-African Musicians

    By Keren Mikva, 4:17 pm AFKI Original

    For the 2010 World Cup in South Africa, Colombian-born superstar Shakira released “Waka Waka,” featuring the South African band Freshlyground. Part of the song was adapted from the Cameroonian band Golden Sounds’ 1986 song, “Zangaléwa.” Initially it generated controversy because many felt that an African artist should have been selected to sing the World Cup anthem. Whether you love or hate them, here are some of the most famous songs about Africa by non-African musicians.

  • 10-Year Gabon Eurobond to Now Raise $750 Million

    By Makula Dunbar, 10:27 am

    Gabon expects to raise around $750 million through a 10-year Eurobond, according to the initial results of the combined bond buyback and new issue, which were released on Thursday.

  • Kenya Cement Manufacturer to Back Expansion with Eurobond

    By Makula Dunbar, 10:50 am

    ARM Cement Ltd., Kenya’s second-largest maker of the building material, is considering selling Eurobonds to help fund a planned $300 million expansion program, Managing Director Pradeep Paunrana said.

  • Shell Oil Licenses, Pipelines in Nigeria to be Sold

    By Makula Dunbar, 9:52 am

    Anglo-Dutch oil giant Shell said on Monday that it intended to sell some assets in Nigeria after announcing a slump in global profits blamed on oil theft and sabotage. “Some licences are up for sale, this includes some pipelines.

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