A steady increase in African deal flow and interest from overseas investors since the financial crisis points to the increasing maturity of African countries as a destination for M&A.
Sahara Group, a Nigerian energy company, plans to raise as much as $1.4 billion through a dual listing of its oil and gas unit in London and Lagos along with a debut dollar bond sale.
Nigeria’s new government should sell its stakes in joint ventures in the country’s energy industry, the chairman of Seplat Petroleum said on Monday, adding his company would be interested in buying, especially in the gas sector.
Interswitch Ltd., which processes payments for banks and owns a brand of debit cards in Nigeria, is considering initial public offerings in London and Lagos next year as it plans an expansion into new African markets.
Following on from partnerships and dual listings with a number of African capital markets, the London Stock Exchange (LSE) is looking to foster dual listings with the West African regional exchange.
Afren, the financially distressed oil and gas explorer, on Tuesday appointed industry veteran Alan Linn as its next chief executive amid talks to conclude a recapitalisation plan for the London-listed company.
Cobus Visagie recalls making 18 tackles the day South Africa’s national rugby team kicked its way into the World Cup record books to defeat England.
Seplat‘s Chairman, ABC Orjiako, speaks about Seplat’s recent acquisitions of oil blocks OMLs 53 and 55, the development of gas operations, and hopes to meet a production target of 85,000 barrels a day by 2017.
Oil producer Afren Plc said it had ended talks with Nigeria’s Seplat Petroleum Development Co Plc over a potential sale of the company.
British oil producer Afren Plc said the UK Takeover Panel extended the deadline for Nigeria’s Seplat Petroleum Development Co to make a firm offer or walk away.
Nigeria’s Securities and Exchange Commission (SEC) on Sunday announced the exit of Arunma Oteh as the SEC’s Director General.
Seplat Petroleum Development Co Plc confirmed that it was interested in British oil producer Afren Plc.
Oil producer Afren Plc said it had received a preliminary offer for the company from Nigerian oil and gas explorer Seplat Petroleum Development Co Plc.
The Global African Investment Summit (TGAIS) closed yesterday after two days of high level panels and roundtables to explore investment opportunities in Africa.
The London Stock Exchange is launching an aggressive attempt to increase the number of listings of African companies in the UK, following strong interest from institutional investors in a recent wave of initial public offerings from the region.
Nigerian oil company Oando completed a $1.5 billion deal to buy ConocoPhillips’s assets in Nigeria on Wednesday, catapulting it to be one of the top players in the West African country’s emerging indigenous oil and gas exploration industry.
Nigerian oil company Oando (OANDO.LG) completed a $1.5 billion deal to buy ConocoPhillips’s assets in Nigeria on Wednesday, catapulting it to be one of the top players in the West African country’s emerging indigenous oil and gas exploration industry.
Nigeria Stock Exchange Chasing A Trillion Dollar Market Cap: Oscar Onyema, CEO, Nigerian Stock Exchange
Shares in Oando Plc rose the maximum 10 percent allowed on Nigeria’s stock exchange on Friday after the oil firm said it had won government approval to complete a $1.65 billion acquisition of ConocoPhillips’ Nigerian assets.