Tag Archives: sale
sale: Latest News
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.
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.
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.
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.
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.
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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