Emirates Telecommunications Corp. (ETISALAT) is raising $4.3 billion in its first-ever bond sale as the United Arab Emirates phone company seeks funds for its acquisition of Maroc Telecom. The offering includes 1.2 billion euros ($1.62 billion) each of seven-year and 12-year securities, according to two people with knowledge of the […]

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-East Africa’s first public owned oil and gas company, Swala Oil and Gas (Tanzania) Plc has given a price tag of 500 Tanzania shillings (TZS) per share which could value the company at 4.8 billion TZS in an initial public offering (IPO) which opened today […]

Nigeria plans to amend investment rules to channel more of the country’s $26 billion of pension funds into corporate bonds, Nigeria Pension Commission Director-General Chinelo Anohu-Amazu said. Pension administrators, including Stanbic IBTC Pension Managers Ltd. (STANBIC) and ARM Pension Managers Ltd. (ARMAGGW), are currently investing only 2 percent of funds […]