The telecom group Airtel Africa PLC (NGX:AIRTELAFRI, MSE:AIRTEL) announced on Wednesday 3 November that it has finalized the sale of its Madagascar-based telecommunications tower company to Helios Towers Plc. The cost of the transaction is estimated at $ 51.7 million.

Cross-border trading from one African securities exchange to another comes a step closer, after the African Securities Exchanges Association (ASEA) signed a contract to procure an order-routing system. Seven of Africa’s leading securities Exchanges are working together in the African Exchanges Linkage Project (AELP) to boost pan-African investment flows and bring more liquidity to African markets.

Regional stock exchanges have committed to enhancing the capital markets and increase their allure as preferred investment destinations for both local and foreign investors as well as attract new listings.

Soft drinks giant, Coca Cola company is mulling options for its bottling business in Africa, which includes either a sale or an Initial Public Offering (IPO). As Bloomberg reports, a sale or IPO of the stake could value the business at about $6 billion. However, this could change depending on the level of buyer interest.