Privatisation

HSBC has completed a historic US$13.6 billion buyout of Hang Seng Bank to cut costs, tackle bad debts and fuel growth, though challenges remain. Investors worry that delisting Hang Seng limits options for exposure to Hong Kong and mainland China markets.

13 Mwezi wa kumi na moja, 2025 Imeripotiwa na AI

The National Council on Privatisation has approved a request from the Bureau of Public Enterprises to finalise performance agreements for the sale of Afam Power assets to the Transcorp Power Consortium. Vice President Kashim Shettima, chairing the meeting, urged a shift towards asset optimisation in Nigeria's privatisation efforts. The approval aims to ensure the commercial viability of the power plants.