MTN Group Ltd. (MTN), Africa’s largest wireless operator, appointed Irancell executive Ferdi Moolman as chief financial officer of the company’s Nigerian operations, succeeding Andrew Bing. Moolman will be replaced as chief operations officer of MTN Irancell by Mazen Mroue, head of MTN Uganda, the Johannesburg-based company said in an e-mailed […]

Dangote Industries  Limited has secured a $300 million facility from African Development Bank, AFDB to finance the construction of its crude oil refinery and Greenfield fertilizer manufacturing plant. According to the AFDB, the loan is designed to help boost fuel supply and fertilizer production in Nigeria. The AFDB said, “Both […]

South Africa’s FirstRand Ltd. (FSR) said its investment banking unit will finance as much as $120 million of Ghana’s $820 million Kpone power plant as lenders seek to benefit from African infrastructure projects. Rand Merchant Bank is also the lead arranger for about $400 million of commercial bank funding for […]