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Following its retreat, HSBC clients, banking assets, liabilities and employees have moved to FirstRand’s corporate and investment franchise, Rand Merchant Bank.
UK integrated energy firm, Savannah Energy PLC, has announced a landmark acquisition of interests in three East African renewable energy projects, totalling $65.4 million.
A consortium comprising Samsung Heavy Industries, JGC, and Technip Energies has launched a tender for module work on Mozambique’s second floating liquefied natural gas (FLNG) unit, Coral Norte.
Technology group Wärtsilä has signed a five-year Operation and Maintenance (O&M) agreement with Boto SA, a subsidiary of Moroccan mining group Managem.
The appointment announced on Friday comes as Ethiopia grapples with currency instability, heavy debt obligations and an ambitious programme to liberalise its financial sector.
The 108-year-old financial institution has announced the full redemption of its 15.75% Series 2 bond on September 3, 2025, settling principal and coupon payments in line with SEC rules.
Angola has completed seven major solar plant network as part of its renewable energy initiative with the inauguration of Bailundo Photovoltaic Park in Huambo.
Uganda plans to borrow $358 million from regional and private lenders to finance major infrastructure projects, including a critical power line to South Sudan.
The hold decision comes despite a bigger-than-expected drop in annual inflation to 3.3% in August for the first time in six months
While the bank insists its capital position remains strong, the combination of a million-dollar pension settlement and softer operating income sets the stage for a difficult rest-of-the-year.
With total assets of $20 billion and a 53% rise in post-tax profit to $688 million in 2024, analysts say Zenith has the firepower to support expansion.
The revision reflects stronger contributions from services, which accounted for 52% of output, while agriculture contributed 21% and industry 22%.
State-owned Israel Natural Gas Lines (INGL) and partners of the Leviathan gas field including Chevron and NewMed have signed a $610 million contract for the construction of the Nitzana natural gas pipeline to supply gas to Egypt.
The Bank of Ghana said the move reflected continued disinflation and confidence that price growth would return to target of 6-8% before year-end.
Under the Bank of Ghana’s new prudential rules, lenders with NPLs exceeding 15% will be barred from paying dividends or bonuses from December 2026.
Ghana’s Offshore Cape Three Points (OCTP) project partners including global energy giant Eni, Vitol and the Ghana National Petroleum Corporation (GNPC) have signed a Memorandum of Intent (MoI) with the government of Ghana to boost oil and gas production.
TotalEnergies has signed four production sharing contracts (PSC) for four exploration blocks covering an area of approximately 12,700 square kilometres in the south of the Liberia Basin.
Zimbabwe has signed a $455 million, 15-year concession agreement with Jindal Africa, a subsidiary of India’s Jindal Steel & Power, to revamp its power plant in Hwange
Standard Bank, Africa’s largest lender by assets, has turned to seasoned internal hands to steer its South African unit, the group’s biggest arm.
West African nation, Liberia is set to inaugurate its first large-scale solar power plant in October 2025, a key step in the country’s energy supply and reliance on hydropower.
