Business News

MainOne to invest $300m in communication infrastructure

April 4, 2018/The Sun Chief Executive Officer of MainOne, Funke Opeke, has said that the company plans to invest an additional $300 million to enhance communication infrastructure across West Africa over 10 years. Opeke disclosed this at the 2018 TMT Finance Africa Conference, a forum driving investment for telecoms, media […]

Sagarmatha eyes $4 bln valuation in S.Africa’s first e-commerce IPO

3/4/2018/Reuters Sagarmatha Technologies Ltd, a South African company that owns newspapers, online shopping and classified platforms, is targeting a valuation of more than $4 billion in Johannesburg’s first initial public offering of an e-commerce company. Sagarmatha said it plans raise 7.5 billion rand ($636 million) in a share placement of […]

Oando Commissions New Office Building

April 4, 2018/Oando Oando PLC (referred to as “Oando” or the “Company”), Nigeria’s leading indigenous energy group listed on both the Nigerian and Johannesburg Stock Exchange, officially commissioned its new office building, the ‘Wings Office Complex’ on Tuesday.  The building located at 17a Ozumba Mbadiwe Avenue, Victoria Island, Lagos was […]