Daily Archives: 23rd October 2026

A renewable-energy company backed by Moroccan businessman Mohamed Adil Rtabi is preparing to raise as much as $38.2 million through an initial public offering on the Casablanca Stock Exchange. Morocco’s market regulator has approved Jet Energy’s planned Casablanca Stock Exchange listing. The company could raise between $33.4 million and $38.2 million through new shares. Jet…

A solar project backed by Madagascar billionaire Hassanein Hiridjee’s AXIAN Group has secured up to $62.3 million (€55.5 million) in long-term financing from the Dutch development bank FMO. The financing will support the construction of the 50-megawatt Kong Solaire photovoltaic plant near the town of Kong in northern Ivory Coast. FMO is providing up to…

Nigerian co-founded private investment firm Helios Investment Partners has agreed to acquire up to 49% of the holding company behind Merec Industries, Mozambique’s largest flour milling business. The transaction would give the Africa-focused investment firm a significant minority interest in Stratton Africa Holdings Limited, the Mauritius-incorporated parent company of Merec. Helios Investment Partners has agreed…