(Bloomberg) — Seacom Ltd. will more than double the capacity on its fiber optic network by the end of August as demand for broadband grows across Africa. The continent’s first broadband submarine cable system operator will add 1.7 terabits per second to its network, bringing its total capacity to 3.2 terabits a second along Africa’s […]
Tag: jubilee holdings
Africa’s Broadband Use Prompts Doubling for Seacom Network
Seacom Ltd. will more than double the capacity on its fiber optic network by the end of August as demand for broadband grows across Africa. The continent’s first broadband submarine cable system operator will add 1.7 terabits per second to its network, bringing its total capacity to 3.2 terabits a second along Africa’s Eastern and […]
Africa’s Broadband Use Prompts Doubling for Seacom Network
(Bloomberg) — Seacom Ltd. will more than double the capacity on its fiber optic network by the end of August as demand for broadband grows across Africa. The continent’s first broadband submarine cable system operator will add 1.7 terabits per second to its network, bringing its total capacity to 3.2 terabits a second along Africa’s […]
African economies batten down the hatches as COVID-19 hits, but medium-term forecast looks brighter
Mergers and acquisitions (M&A) have decreased across Africa in the first half of 2020 in terms of both volume and value, with some exceptions in Nigeria. Going forward, dark clouds remain over the M&A market in Africa in the short-term, with economic uncertainty likely to cause a reduction in foreign investment. However, recent developments regarding […]
Aga Khan development fund to buy Seacom cable for $603m
An international development agency run by the Aga Khan has applied for regulatory permission to buy 100% of Seacom, the subsea cable that links the east coast of Africa to India and Egypt. The Aga Khan Fund for Economic Development (Akfed) has applied to the Competition Commission of the Common Market for Eastern and Southern […]
Jubilee announces final dividend pay
Jubilee Holdings Ltd has announced a total dividend of Sh652.3 million of Sh9 per share for the financial year ended December 2019. The firm will also release a final dividend payout of Sh579.8 million of Sh8 per share tomorrow. This is expected to offer relief to many shareholders who have borne the ravages of Covid-19. […]
Covid-19 applies brakes on mergers, acquisitions
Effects of Covid-19 scourge have seen a decrease in volume and value of mergers and acquisitions across Africa in the first half of this years, says a law firm. However, the company says recent partnerships of African countries with global economies should be cause for optimism as it is likely to brighten the continent’s prospects […]
M&A in Africa – African economies batten down the hatches
M&A in Africa – African economies batten down the hatches as COVID-19 hits, but medium-term forecast looks brighter Mergers and acquisitions (M&A) have decreased across Africa in the first half of 2020 in terms of both volume and value, with some exceptions in Nigeria. Going forward, dark clouds remain over the M&A market in Africa […]
M&A in Africa: Bleak skies overhead, but the future looks brighter – Part 2
Part 1 of this article looked at the mergers and acquisitions market in South Africa; this part will explore M&A conditions in other parts of the continent. Nigeria Going against the downward trend, dealmaking in Nigeria increased by 44% with 26 deals in H1 2020 compared to 18 in H1 2019. Total deal value went […]
GCR affirms Jubilee Insurance rating of A(TZ) with stable outlook
In its recent report, the Johannesburg based agency said the rating rationale for Jubilee Tanzania is supported by moderately strong risk adjusted capitalisation and competitive position, as well as healthy earnings capacity. “Offsetting these strengths is limited liquidity, due to high exposure to reinsurance receivables, and low premium diversification. The rating derives uplift from implied […]