Culled—Proshare May 8, 2017/Fitch Ratings Fitch Ratings has downgraded Nigeria-based Seven Energy International Limited’s Long-Term Issuer Default Rating to ‘C’ from ‘CC’ following the non-payment of a material financial obligation. Simultaneously, Fitch has affirmed wholly owned subsidiary Seven Energy Finance Limited’s USD300 million 10.25% senior secured notes due 2021 at […]
Business News
Lafarge Africa to seek approval to raise 140 bln naira
May 8, 2017/Reuters Lafarge Africa plans to seek shareholders’ approval next month to raise 140 billion naira ($445.86 million) and also convert some loans into equity as part of the capital injection, the company said on Monday. The local business of Lafarge Holcim said it will seek approval to convert […]
Surge in M&A and investment predicted in African mobile and broadband as telcos seek scale
May 8, 2017/TMT Finance African mobile telecoms operators, infrastructure owners and service providers are ramping up investment and targeting acquisitions across the region to meet the surge in demand for connectivity, a leading telecom transaction adviser said. “The African TMT vista remains extraordinarily vibrant. Fundamental demand is not in doubt, […]
