MTN Rwanda has announced it is the first mobile network operator to list its shares on the Rwanda Stock Exchange (RSE). In early April the company announced approval by the Capital Market Authority (CMA) and the Rwanda Stock Exchange (RSE) of its listing by introduction on the RSE and the approval of Crystal Telecom’s (CTL) shareholders...
The World Bank’s International Finance Corporation (IFC) has snapped up 16% of the US$620-million bond issuance by Liquid Telecom, which according to ratings agency, Fitch, is facing risks emanating from regional uncertainties – but is on course for steady revenue performance. The 16% represents about US$100-million of the bond issue by Liquid – which has...
The Emerging Africa Infrastructure Fund (EAIF), a Private Infrastructure Development Group (PIDG) (www.PIDG.org) company, has committed to buy up to US$50,000,000 of a bond issue by Liquid Telecommunications, that is being launched on Monday 22rd February 2020. The bond (“The New Note Offering”) aims to raise US$600 million which will be used to refinance existing debt and...
After ten years supporting Orange’s growth on the Malagasy market, a consortium of minority investors led by Terra Mauricia and Kibo Fund divested in January 2021 its 16% stake in Orange Madagascar. According to a brief statement released by Enexus Finance, investment banking firm specialised in middle-market transactions in Africa and financial advisor in the...
In the latest update on Angola’s telecoms privatisation programme, news agency ANGOP reported that the sale of state-held shares in TV Cabo, Multitel and Net One will be completed ‘between May and June’ this year, according to Joao Tavares, head of the Privatisation and Company Restructuring Department of the State Assets and Participations Management Institute (IGAPE). Portfolios...
French telecommunications firm Orange Group has emphasised strong performance within Africa and Middle East market, with growth up 7.6%, according to the company’s financial results at 30 September 2019. Orange Group revenues increased by 0.8% year-on-year on a comparable basis in the third quarter of 2019, while Group EBITDAaL rose 0.2% on a comparable basis...
