May 9, 2017/API The African real estate narrative has shifted and evolved over the last 2 years with the impact of geo-political and economic challenges changing the property landscape. Moving forward, investors have come to realise that a more measured approach may hold the key to reaping long term rewards […]
Business News
Fitch Downgrades Nigeria’s Seven Energy to ‘C’
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 […]
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 […]
