Kenya to appeal Safaricom ruling against Vodacom deal

Kenya to appeal Safaricom ruling against Vodacom deal

Delegates attend a recent financial presentation at Safaricom’s headquarters in Nairobi, Kenya. Monicah Mwangi/Reuters Kenya’s government will appeal the court ruling that ordered the cancellation of the deal in which it sold an extra 15% stake in Safaricom to Vodacom, finance minister John Mbadi said on Wednesday. Mbadi said he was confident the transaction followed…

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DFC bets big on African fibre with 5-million Wiocc deal

DFC bets big on African fibre with $155-million Wiocc deal

The US International Development Finance Corporation said on Wednesday it would invest up to US$155-million in African digital infrastructure provider Wiocc Group, underscoring Washington’s support for projects seen as critical to the expansion of US technology companies. Washington has increasingly backed telecommunications and digital infrastructure projects in Africa as it seeks to provide alternatives to…

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Africa: Can Africa Take Ownership of the AU-Us Infrastructure Deal?

Africa: Senegal Secures $2.2b IMF Deal As Debt Restructuring Looms

Senegal reached a staff-level agreement with the International Monetary Fund for a $2.2 billion, 3-year lending programme as the government seeks to restore debt sustainability after uncovering more than $11 billion of previously misreported borrowing. The agreement still requires approval from IMF management and its Executive Board. The deal follows months of negotiations after the…

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