Somdia Sells SOSUCAM Stake to Cameroonian Consortium With US$243 Million Plan
Somdia is selling its 82% SOSUCAM stake to a Cameroonian consortium backing a US$243 million plan to modernise Cameroon's main...
August 15, 2026Africa’s capital markets are deepening fast – from the Johannesburg, Nairobi and Lagos exchanges to a fintech boom banking hundreds of millions of people for the first time. The Rio Times follows the currencies (the rand, naira, cedi and shilling), the banks and IPOs, sovereign debt and the foreign capital arriving on increasingly local terms. We cover it through the same investor lens we bring to Latin America, where the emerging-market playbook is strikingly similar. This hub gathers our Africa markets and investment coverage.
Somdia is selling its 82% SOSUCAM stake to a Cameroonian consortium backing a US$243 million plan to modernise Cameroon's main...
August 15, 2026
South Africa’s Constitutional Court blocked Shell Wild Coast exploration on 14 August 2026, overturning an appeal-court lifeline for the offshore...
August 15, 2026
China has pledged a US$28 million grant to Nigeria for development projects, deepening diplomatic and financial ties between Beijing and...
August 15, 2026
Zambia suspends vote count after violence against poll staff and ballot theft; the ECZ later resumed the count under heightened...
August 15, 2026
Absa Life Assurance Kenya sale confirmed: Absa Group offloads 63.32% stakes in two Kenyan insurers to a Mudavadi-linked firm for...
August 15, 2026
Kenya's budget deficit is set to widen to about US$8.9 billion (KSh1.15 trillion) in 2026/27, as weak revenue and heavy...
August 15, 2026
A US$5 billion cotton industrialisation plan backed by the WTO aims to process 25% of Africa's cotton locally and create...
August 15, 2026
Kenya diesel prices fell Sh5 per litre from August 15, 2026 while petrol and kerosene held steady, as EPRA cited...
August 15, 2026
The MTN Iran impairment of R2.13 a share will cut statutory earnings per share by 20% to 30%, even as...
August 15, 2026