Omegascorpi [Beta] » News http://omegascorpi.com Company Profiles,Interviews,News and Beyond Tue, 13 Jul 2010 08:43:10 +0000 http://wordpress.org/?v=2.8.6 en hourly 1 Kenya Bank Equity & China Development Bank Ink Deal http://omegascorpi.com/2010/kenya-bank-equity-china-development-bank-ink-deal/ http://omegascorpi.com/2010/kenya-bank-equity-china-development-bank-ink-deal/#comments Sun, 23 May 2010 21:29:47 +0000 tape http://omegascorpi.com/?p=285 Kenya’s leading Bank Equity and China Development Bank have announced a Kenya shillings 4 Billion credit facility for Small and medium enterprise businesses.The credit/loan facility will attract low interest rates of between 7% to 9 %

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]]> http://omegascorpi.com/2010/kenya-bank-equity-china-development-bank-ink-deal/feed/ 0 Bank of Africa to Be Listed on BRVM http://omegascorpi.com/2010/bank-of-africa-to-be-listed-on-brvm/ http://omegascorpi.com/2010/bank-of-africa-to-be-listed-on-brvm/#comments Wed, 13 Jan 2010 09:53:59 +0000 tape http://omegascorpi.com/?p=265
Bank of Africa Group
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Bank of Africa founded in 1982 in Bamako , Mali is a African multinational firm that has a presence in 10 African markets that include Cote d’ivoire,Senegal,Kenya,Tanzania and Uganda.

The bank is said to start the process of being listed on the BRVM in the next few days.It will initially list 120,000 shares valued at 20,000 CFA per share with subscriptions closing on March 5th 2010.

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]]> http://omegascorpi.com/2010/bank-of-africa-to-be-listed-on-brvm/feed/ 0 Safaricom Issues 12 Billion Shilling Bond http://omegascorpi.com/2009/safaricom-issues-12-billion-shilling-bond/ http://omegascorpi.com/2009/safaricom-issues-12-billion-shilling-bond/#comments Fri, 02 Oct 2009 14:16:11 +0000 tape http://omegascorpi.com/?p=261
Kenya relief map with town names for Nairobi, ...
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Kenya’s mobile operator, Safaricom, expects a planned 12 billion shilling bond to launch in two weeks,so said its CEO a few days ago.The company is waiting for the Capital Markets Authority (CMA) to give it a go. Barclays Capital, Absa Bank and CFC stanbic are arranging the Safaricom issue

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]]> http://omegascorpi.com/2009/safaricom-issues-12-billion-shilling-bond/feed/ 0 Successful Execution of USD 1 Billion Bond Issue by African Development Bank http://omegascorpi.com/2009/successful-execution-of-usd-1-billion-bond-issue-by-african-development-bank/ http://omegascorpi.com/2009/successful-execution-of-usd-1-billion-bond-issue-by-african-development-bank/#comments Fri, 02 Oct 2009 11:32:18 +0000 tape http://omegascorpi.com/?p=257 The African Development Bank successfully executed a USD 1 billion benchmark global bond issue in the international market. The 3-year bond, lead managed by Credit Suisse, Deutsche Bank, Goldman Sachs and Morgan Stanley, was priced at mid swap flat and carries a coupon of 1.75%. [Story]

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]]> http://omegascorpi.com/2009/successful-execution-of-usd-1-billion-bond-issue-by-african-development-bank/feed/ 0 Emerging Capital Partners Invests in East African Media and Telecommunications Company http://omegascorpi.com/2009/emerging-capital-partners-invests-in-east-african-media-and-telecommunications-compan/ http://omegascorpi.com/2009/emerging-capital-partners-invests-in-east-african-media-and-telecommunications-compan/#comments Wed, 30 Sep 2009 20:15:53 +0000 tape http://omegascorpi.com/?p=253 Emerging Capital Partners (ECP), a private equity firm focused on Africa, has invested US$25 million in Wananchi Group Holdings, a leading East African media and telecommunications company specializing in pay-television and high-speed Internet services in Kenya and Tanzania. The investment is ECP’s tenth in Africa’s telecom sector.

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]]> http://omegascorpi.com/2009/emerging-capital-partners-invests-in-east-african-media-and-telecommunications-compan/feed/ 0 The Largest Private Equity Firm in Africa http://omegascorpi.com/2009/the-largest-private-equity-firm-in-africa/ http://omegascorpi.com/2009/the-largest-private-equity-firm-in-africa/#comments Wed, 30 Sep 2009 13:58:33 +0000 tape http://omegascorpi.com/?p=250 citadel-capitalCitadel Capital is the largest private equity investor in Africa and the seventy-fifth largest globally, according to Private Equity International’s PEI 300, an annual ranking of the largest international private equity firms based on funds raised in the previous five years.

In the same period, the firm has generated US$ 2.2 billion in cash returns to investors, more than any other private equity firm in the MENA region.

Current Investments

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]]> http://omegascorpi.com/2009/the-largest-private-equity-firm-in-africa/feed/ 0 The SEM 7 http://omegascorpi.com/2009/the-sem-7/ http://omegascorpi.com/2009/the-sem-7/#comments Mon, 28 Sep 2009 11:34:42 +0000 tape http://omegascorpi.com/?p=246 [Click on post title to read full article]

The SEM-7 is made up of the largest companies by market capitalization, including Mauritius Commercial Bank, Naiade Resorts, New Mauritius Hotels, and State Bank of Mauritius.The SEM 7 will open the door to future contracts trading,this is big leap for African Stock Market

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]]> http://omegascorpi.com/2009/the-sem-7/feed/ 0 CBN Monetary Policy Committee Advises For Growth-Driven Policy http://omegascorpi.com/2009/cbn-monetary-policy-committee-advises-for-growth-driven-policy/ http://omegascorpi.com/2009/cbn-monetary-policy-committee-advises-for-growth-driven-policy/#comments Fri, 18 Sep 2009 14:56:46 +0000 tape http://omegascorpi.com/?p=234 Following their September meeting the Monetary Policy Committee from Central bank of Nigeria decided to:
a) keep the MPR unchanged at 6 per cent per annum;
b) maintain the interest rate corridor at +/- 2 per cent around the MPR; and
c) Approve in principle the establishment of an “Asset Purchase Facility Fund”.

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]]> http://omegascorpi.com/2009/cbn-monetary-policy-committee-advises-for-growth-driven-policy/feed/ 0 World Investment Report http://omegascorpi.com/2009/world-investment-report/ http://omegascorpi.com/2009/world-investment-report/#comments Fri, 18 Sep 2009 14:38:54 +0000 tape http://omegascorpi.com/?p=230 Download the 2009 edition of the world investment report.

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]]> http://omegascorpi.com/2009/world-investment-report/feed/ 0 Firing Of The Heads Of Intercontinental, Oceanic, Finbank, Afribank, and Union Banks http://omegascorpi.com/2009/firing-of-the-heads-of-intercontinental-oceanic-finbank-afribank-and-union-banks/ http://omegascorpi.com/2009/firing-of-the-heads-of-intercontinental-oceanic-finbank-afribank-and-union-banks/#comments Sat, 22 Aug 2009 15:22:09 +0000 tape http://omegascorpi.com/?p=209 1. NSE suspended trading the five bank’s shares. The decision will be reviewed in 2 weeks.
2. According to Renaissance Capital, these banks were systematically important with more than 5% of assets and deposits in the Nigerian banking system.
3. Guardian reported on Monday that 8 foreign investors were ready to take control of the 5 banks.
4. The CBN’s audit of all banks should completed by mid-September. 5 other banks passed the audit, according to Renaissance Capital. They include First Bank of Nigeria Plc, the nation’s largest lender, Diamond Bank Plc, Guaranty Trust Bank Plc, Sterling Bank Plc and United Bank for Africa Plc.
5. 14 banks are yet to be audited.
6. According to Tunde Lemo, CBN’s deputy governor, the fired executives may face prosecution.
7. ThisDay newspaper reported that the CBN may end up injecting up to N1trillion into these banks.
8. Renaissance Capital upgraded its recommendation on Zenith Bank Plc to “buy” from “hold” and suspended ratings on three other lenders that failed a central bank audit. Ratings were suspended on Intercontinental Bank Plc, Union Bank of Nigeria Plc and Oceanic Bank Plc.
9. CBN said it will guarantee the foreign loans of the 5 banks. Officials from CBN will visit London soon to “explain its actions and dialogue with investors and foreign correspondent banks.
10. Zenith, along with First Bank, Access Bank Nigeria Plc, First City Monument Bank Plc, Guaranty Trust Bank Plc and United Bank for Africa Plc are RenCap’s top picks because they “show up well” in terms of the central bank’s requirements of transparency and liquidity, Lagos-based RenCap analyst Kato Mukuru wrote in the note.

Source

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