Actis LLP, a U.K.-based private-equity firm, is preparing to sell its stake in South Africa’s Actom Pty Ltd. in a deal that could value the business at more than $1 billion, two people with knowledge of the matter said.
Category: Investing
‘Ghanaians Paying Dearly For Economic Mismanagement ‘
After six years in office, Ghanaians are now being asked to pay dearly for the economic mismanagement and corruption of the ruling government, resulting in economic decline, debt unsustainability, unemployment and rising cost of living in the country.
Ghana To Produce 25,000 Metric Tonnes Of Waste
Ghana would soon generate 25,000 metric tons of waste daily as the population increases steadily says Professor Ernest Yanful of Kwame Nkrumah University of Science and Technology (KNUST).
$100 M Tony Elumelu Support For African Start-ups Opens
The $100 Million Tony Elumelu Foundation Entrepreneurship Programme – an annual programme of training, funding and mentoring, designed to empower the next generation of African entrepreneurs has now opened for entries through its application portal http://www.tonyelumelufoundation.org/teep.
Ghana To Set Up GH¢1.5 Billion Infrastructure Dev’t Fund
GHANA’S Minister of Trade and Industry, Dr. Ekow Spio-Garbrah says the GH¢1.5 billion Ghana Infrastructure Development Fund that was proposed in the 2015 Budget Statement would be established soon.
Ghanaians Hope For Economic Turnarounds In 2015
GHANA’S President John Mahama has asked Ghanaians to be hopeful the New Year, 2015 will be a good one.
Ghana Announces $450M Package For Cocoa Roads Rehabilitation
GHANA’S President John Mahama has announced a 450-million-dollar package for the rehabilitation of roads in cocoa-growing areas in the country.
Nigeria Slashes 2015 Budget By N357Bn
NIGERIA’S Coordinating Minister for the Economy and Finance Minister, Ngozi Okonjo-Iweala yesterday presented estimates of the N4.357 trillion 2015 budget to the Senate with a cut of N357 billion.
Uganda: Vantage Commits $10M To Simba Properties
VANTAGE Capital, Africa’s leading mezzanine debt provider, today announced it has provided $10m of funding to Simba Properties Investment Company, the property investment arm of Simba Group in Uganda which houses five prime property developments in Uganda, three of which are operating and two of which are under development.
Ghana, Kenya Sign 7 Pacts To Deepen Bilateral Ties
GHANA’S President John Dramani Mahama and his Kenyan host, President Uhuru Kenyatta, have supervised the signing of seven key agreements to strengthen the bonds of friendship and cooperation between the two nations, at the conclusion of a three-day state visit of the Ghanaian leader.