Barclays Africa Group Limited has announced that following the completion of South Africa's largest bookbuild in South African Rands, Barclays PLC has sold 33.7% of Barclays Africa's issued share capital at a price of R132 per share.
This results in accounting deconsolidation of Barclays Africa from Barclays PLC.
Barclays PLC sold 285,691,979 Barclays Africa ordinary shares at a price of R132 per share, which results in Barclays PLC reducing its shareholding to 23.4%, with a further 7% to be taken up by the Public Investment Corporation at a later date, following receipt of the necessary regulatory approvals.
Thirteen African countries have signed series of partnership agreements with India to enhance the supply of agricultural machinery, credit advancement to farmers and scientific cooperation.
Farm machinery suppliers from the Indian state of Gujarat signed agreements with Ghana, Zambia, Mozambique and Togo for the supply of farm machinery, training on the use of the machinery in mechanized agriculture and cooperation in the use of the machinery in mining.
Kenya's president has opened the country's largest infrastructure project since independence.
The $3bn Chinese-backed railway project eventually will link a large part of East Africa...
Botswana's state-owned power utility has invited bids to build a 100 megawatt (MW) solar power plant to boost energy security in the diamond-rich southern...
South Africa is expecting to harvest its biggest maize crop in four decades, a year after drought devastated output of the country's staple food.
Farmers are set to produce over 15 million tonnes which means the country will have a 50% surplus for the year, according to government figures
Ghana's government will ask the International Monetary Fund to extend its support programme to December 2018 from April 2018 to boost efforts to stabilize...
Ford chief executive Mark Fields is set to depart following a major reshuffle at the car maker, according to reports.
His expected departure, first reported...
