Emtel Plans Mauritius’ First Telecom Initial Public Offering
Emtel Ltd. plans to float 25% of its shares in an initial public offering on the Stock Exchange of Mauritius, becoming the country’s first telecommunications company to go public.
Emtel Ltd. plans to float 25% of its shares in an initial public offering on the Stock Exchange of Mauritius, becoming the country’s first telecommunications company to go public.
Ares Management Corp., unveiling a fresh slate of financial targets, predicted it will boost assets under management more than 75% to surpass $750 billion by the end of 2028.
Ghana’s plan to restructure $13 billion of Eurobond debt rejected last month by the International Monetary Fund is back on track, thanks to stronger-than-expected economic growth in the West African nation.
The International Monetary Fund warned that the UK Treasury needs to find £30 billion ($38.2 billion) of savings to stabilize its debt burden, undercutting Prime Minister Rishi Sunak’s ambition to reduce taxes before the next election.
Africa Finance Corp., an infrastructure-focused development finance institution, is considering issuing bonds in currencies from the continent and is in talks to sell securities in South Africa’s rand.
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