Bharti Airtel picks banks for London flotation of Africa business
In February Bharti Airtel Ltd said the holding company for its Africa operations was looking at a potential Initial Public Offering.
Petra Diamonds seeks debt deal to avoid loan default
African miner Petra Diamonds is likely to strike a deal with its lenders that could include a waiver or a reset of its debt covenants within the next month, its chief executive Johan Dippenaar said.
Lafarge intensifies alternative fuel adoption to offset gas shortages
Having suffered some input cost pressures in the 2016 financial year, due to foreign exchange losses on dollar loans, the inability to access foreign exchange, the high cost of production...
South Africa’s national airline needs 13 billion rand to avert crisis
South Africa’s state-owned airliner says it will face a liquidity crisis if it does not receive a 13 billion rand (976 million dollars) cash injection from the Treasury to meet its debt obligations and cover operating costs, it said on Friday.