Last week was a quiet week for private capital investment activity in Africa. And, of the deal that were done, none were on the large side. In what we estimate to the the largest deal of the week, XSML Capital announced that it is backing KARE Distribution for its first Ugandan deal. Terms of the deal were nor disclosed.
OPEC's decision to extend production cuts by nine months should provide some support for oil prices around the average year-to-date levels and help digest a significant part of excessive inventories during the rest of the year, Fitch Ratings says.
Dear Nigerians, I bring you good wishes from President Muhammadu Buhari, GCFR, who as we all know is away from the country on medical vacation.