Champion Breweries Plc has officially opened its N42 billion public offer to institutional and retail investors, marking a pivotal moment in the Nigerian brewer’s ambitious expansion strategy. The offering, which opened on January 8 and runs until January 21, 2026, involves the issuance of 2.625 billion ordinary shares of 50 kobo each at N16 per […]

French retail powerhouse Carrefour has entered Ethiopia’s rapidly expanding grocery market through a franchise and supply partnership with Queens Supermarket Plc, a subsidiary of Midroc Investment Group, Ethiopia’s largest and most diversified private conglomerate. The strategic collaboration marks Carrefour’s latest expansion in Africa’s second most populous nation, home to approximately 135 million people, and represents […]

African telecommunications giant Airtel Africa has significantly accelerated its share repurchase program, announcing that it has now repurchased 40.93 million shares under the first tranche of its $100 million buyback initiative. The move underscores management’s confidence in the company’s robust cash-generating capacity and balance sheet strength, even as it continues substantial investments in network expansion […]

Senegal’s international bonds have staged a notable recovery in early January 2026, with prices climbing more than 2 cents as investor optimism builds around the prospect of a new lending programme with the International Monetary Fund. The rally marks a significant turnaround for the West African nation’s debt instruments, which had plunged to record lows […]

In a transaction that underscores Africa’s growing capacity to finance its own strategic acquisitions, Heirs Energies has acquired the entire 20.07 percent equity stake previously held by French oil company Maurel & Prom S.A. in Seplat Energy Plc for approximately $500 million. The landmark deal, announced on December 31, 2025, positions the Tony Elumelu-backed firm […]

African digital infrastructure provider WIOCC Group has secured an additional $65 million in sustainability-linked debt financing from a consortium of development-focused institutions, marking the company’s third major capital raise in 2025 as it accelerates efforts to expand internet connectivity across a continent where only 38% of the population was online in 2024—far below the global […]

Airtel Africa has signed a transformative agreement with SpaceX to bring Starlink’s Direct-to-Cell satellite connectivity services to customers across all 14 of its African markets, marking a significant milestone in the continent’s digital transformation journey. The partnership will enable Airtel’s 174 million customers to access mobile connectivity directly through satellites in areas where traditional terrestrial […]

Société Générale des Travaux du Maroc has officially received approval from the Moroccan Capital Market Authority for its initial public offering, clearing the path for one of North Africa’s most significant construction companies to list on the main market of the Casablanca Stock Exchange starting in December 2025. The authorization, granted on November 17, 2025, […]

Africa’s digital transformation continues to gather momentum as WIOCC Group, the continent’s leading open-access digital infrastructure provider, announced the successful acquisition of an additional $65 million in debt financing on December 15, 2025. This marks the company’s third major fundraising round in 2025, bringing total capital raised during the year to over $400 million as […]

The European Bank for Reconstruction and Development (EBRD) has marked a historic milestone by approving its inaugural investment in Sub-Saharan Africa, a €30 million sovereign loan directed toward Benin’s national electricity utility. The approval was announced on a Friday, signaling the formal launch of the Bank’s strategic expansion into the region following years of planning […]