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.
Gabonese skipper Pierre Emerick Aubameyang has won the top goalscorer award in the German Bundesliga where he plies his trade with Borussia Dortmund. His...
The African Development Bank (AfDB) and the Government of Japan (GOJ) have signed an agreement for a US $ 300 million facility under the joint initiative titled Enhanced Private Sector Assistance (EPSA) for Africa.
The loan, worth JPY 34.41 billion (equivalent to approximately USD 300 million) is intended to support private sector operations in Africa through the AfDB’s non-sovereign window.
The Chinese government is investing tens of billions of dollars as part of an ambitious economic plan to rebuild ports, roads and rail networks.
China's...
A new Ebola outbreak has been detected in the Democratic Republic of Congo, according to the World Health Organization.
Since April 22, there have been...
