The International Finance Corporation will launch a $1 billion local currency bond programme in Nigeria that will allow it to issue debt regularly to fund infrastructure and other development projects, it said on Wednesday. The IFC, the World Bank’s private sector arm, said the programme would help deepen domestic capital […]
Author: InvestAdvocate
Actis buys South Africa payment and card firm for $95 million
 Private equity firm Actis has agreed to buy the payments and ATM business of South Africa’s Transaction Capital (TCPJ.J) for $95 million, targeting the growth of debit cards and electronic payments among millions of low-income shoppers. Actis, a London-based firm focused on emerging markets, will pay 937 million rand […]
African Prudential Completes Acquisition of a 100% Stake in UAC Registrars
By InvestAdvocate Lagos (INVESTADVOCATE)-African Prudential Registrars and UAC of Nigeria Plc wednesday announced the acquisition a 100 percent (100%) stake in the latter. Both firms in a notice to the Nigerian Stock Exchange (NSE) said that they have received a “No Objection†from the Securities & Exchange Commission (SEC) in […]
