African low-cost carrier (LCC) fastjet has raised a new tranche of capital through a share placement. The airline—which aims to be a pan-African company but has had a stuttering start because of several factors including difficulties in the economies of nations where it is operating—placed 30 million new ordinary shares, raiding gross proceeds of £15 million ($19.6 million). The shares were offered and taken up within hours in London, where fastjet has its corporate HQ. ...

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