Africa Equity
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Don’t switch off. Ebola may not have hit your P&L yet, but it’s going to, soon, and hard, whatever your job is. And look at the charts. The logic is inexorable: the longer we take to overcome the disease, the worse the cost will be – for the global economy and in human life. This is not about a few percentage points of GDP. Modern civilisation itself is at risk. -
South African retailer Woolworths completed a 10bn ($937m) rights issue on Monday that will fund its purchase of an Australian peer.
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Nigerian holiday firm Transcorp Hotels is set to raise funds for new hotels through an IPO that will be launched this week.
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Access Bank Nigeria is set to ask shareholders for permission to raise as much as N68bn ($414m) at a meeting next month.
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South African prepared meal firm Rhodes Food opened books on an IPO on Monday that could value it at around R1.1bn ($99.7m).
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South African gold miner AngloGold Ashanti has pulled a plan that would have seen it launch a $2bn capital raise alongside a wholesale restructuring after investors balked at the plan.
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Global mining giant AngloGold Ashanti has laid out a comprehensive reorganisation that that will include a $2.1bn capital raise to help it deal with the damaging effects of the plunging price of gold.
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South African retailer Woolworths has set terms on its R10bn ($937m) capital raise, that will be used to fund a recent acquisition.
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South African prepared meal firm Rhodes Food Group launched a Johannesburg IPO on Monday.
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Kenya's Diamond Trust Bank received applications for 440% of the shares on offer in its KS3.6bn ($40m) rights issue, which was completed on Thursday morning.
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Shares of African Bank Investments (Abil), South Africa's biggest unsecured lender, plunged this week as the bank unveiled a need for at least $790m of new capital, despite a recent rights issue, because of losses and writedowns.
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Shares of African Bank Investments, South Africa's biggest unsecured lender, plunged this week as the bank unveiled a need for at least $790m of new capital, despite a recent rights issue, because of losses and writedowns.
