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15/04/2013

ECP portfolio company Finagestion wins contract from the Democratic Republic of Congo’s public sector water distribution company

Emerging Capital Partners (ECP), the pan-African private equity firm, today announces that its portfolio company Finagestion, the African utility sector operating group, has been selected byREGIDESO (Régie de distribution d’eau), the DRC’s public sector water distribution company, for a three-year technical services contract. The contract is partly funded by the World Bank as part of its Water…
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13/04/2013

China raises the media flag in Africa

China’s government has reportedly allocated 45bn yuan ($7.2bn) to fund the global expansion of state media. Africa is in a frontline of this vision. After opening an office in Nairob, CCTV is seeking to increase its African news coverage and is also commissioning local factual programmes.
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13/04/2013

East Asia and Pacific continue to be an engine of global growth

Driven by strong domestic demand, economies of developing East Asia and Pacific continue to be an engine of global growth, growing at 7.5 percent in 2012 — higher than any other region in the world, says the World Bank in its latest analysis of the regional economy. As the global economy recovers, the report, released…
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12/04/2013

Sanusi Lamido: « Nigerian banks stole N6bn from customers in 2012 »

The governor of the Central Bank of Nigeria today revealed at a public event that over N6 billion was recovered for customers who have been cheated in various transactions with NIgerian banks in 2012. He said this at the annual Isaac Moghalu Foundation (IMOF) Lecture and Symposium in Abuja; adding that the recovery is to fulfill the…
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12/04/2013

DIAMOND Bank is planning the biggest fundraising by a Nigerian lender

DIAMOND Bank is planning the biggest fundraising by a Nigerian lender this year as banks seek dollars to finance oil, power and other infrastructure projects, while meeting central bank requirements for capital reserves. The Lagos-based lender planned to raise as much as $750 million (R6.7bn) in shares or bonds this year to fund more projects…
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12/04/2013

MTN May Spend $8 Billion to Grow in Emerging-Market Acquisition

MTN, Africa’s largest mobile-phone operator, may spend as much as $8 billion on an acquisition, building on an increase in spending on networks last year that held back earnings. The company is seeking targets in Africa, Southeast Asia and the Middle East and will look at those that are worth at least $4 billion, Johannesburg-based…
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12/04/2013

Nepad is looking its Infrastructure Desk Manager

Job Title: Infrastructure Desk Manager Reports to: Chief Operating Officer Deadline: Monday, 22 April 2013 Location: Johannesburg, South Africa (only those with South African work permits need apply) Duration: 1 year, renewable
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