Ivory Coast President Alassane Ouattara said on Thursday he would not stand for re-election
in October, ending months of rampant speculation about his political future ahead of a what should be a keenly contested election.
Mr Outtara had previously said he would run if two of his longtime political rivals were candidates, leading to rumors that Mr Ouattara would attempt to amend the constitution of the country to give himself a third term in office.
Story courtesy of TechCabal:
IHS Towers is preparing for what could be the biggest Initial Public Offering on an American stock exchange by an African company
. The wireless towers operator is said to have selected Citigroup Inc. and JPMorgan Chase & Co. as global coordinators for a listing that could value the company at $7 billion, according to Bloomberg.
Why this matters:
In the two decades since its founding, IHS has become Africa’s largest tower business, with over 23,000 towers in four countries. An IPO will invite broad international scrutiny into the strength of the business. For example, potential off-takers will want to know why MTN has considered selling
its 29% stake in the tower company. IHS Netherlands, part of IHS Holdings, was carrying loans of $2.7bn as at September 2019.