Tag: InvestAdvocate

African Development Bank sets coupon rate of $1 bln bond at 1.125 pct

Thu Feb 25, 2016/Reuters The African Development Bank has priced a three-year $1 billion global benchmark due on 4 March 2019 at a coupon of 1.125 percent, the AFDB said on Wednesday. The lead managers of the bank’s first USD global benchmark for 2016 are BNP Paribas, HSBC, JP Morgan […]

Revelations on Bolloré group’s investment in plantations in Africa

February 25, 2016/Greenpeace/APO Africa’s forests under threat A new Greenpeace France investigations on Socfin, a company owned 38.75% by Bolloré group, has revealed the impact of the company’s plantations on forests, communities and wildlife in Africa; The report ‘Africa’s forests under threat’, shows that Socfin’s expansion plans in a dozen countries, […]

MTN drops lawsuit against Nigeria, pays $250 million toward fine

February 24, 2016/Reuters South African mobile phone operator MTN Group withdrew its lawsuit against Nigeria’s regulator over a $3.9 billion fine and paid $250 million toward a possible settlement. A judge in Lagos last month gave both parties until March 18 to reach a settlement, after MTN had asked the […]