Jan 24 – Ethos Private Equity, a private equity firm seen as one of the largest in South Africa, announced on Wednesday it had raised US$800 million for a new fund.This is significant not only because it surpassed the initial target of $750 million, but …

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Jan 17 – The United States will officially recognize the Somali Government in Mogadishu today, ending a hiatus of more than two decades and opening the door to increased U.S. and international economic help for the violence-plagued African nation, said a senior U.S. official on …

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Jan 18 – In conjunction with the French President’s State visit to Algeria, Renault, Société Nationale de Véhicules Industriels (SNVI) – Algeria’s National Company of Industrial Vehicles – and Algeria’s National Investment Fund (FNI) signed a shareholder’s agreement for the creation of a joint venture …

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Jan 15 – In another sign pointing to the growth of Africa’s economy last year, mergers and acquisitions (M&A) activity rose by 4.1 per cent amounting to US$32.7 billion, an increase from 2011’s deal value of $31.4 billion, according to the 2012 Africa M&A Round-up …

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Jan 7 – Lonmin, the world’s third-largest platinum producer and a company that has been in headlines throughout the summer of 2012 for the deadly protests at its Marikana mines, has been shortlisted as one of the worst corporations in 2012 in this year’s Public …

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Jan 7 – South Africa hosts the third-highest number of cybercrime victims in the world, behind only Russia and China, according to Norton’s recently published 2012 Cybercrime Report. Additionally, South African companies are warned that cybercrime is set to increase in 2013, which could put many …

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Jan 3 – Sudan is rich in mineral and livestock resources, and until 2011, oil. However since South Sudan’s recent succession and a cut to most of its oil reserves, Sudan has been desperately looking to boost its income, as well as diversify its economy, …

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Jan 3 – After the 2010 to 2011 Ivorian crisis and civil war, Ivory Coast finally gets a break and strikes black gold.When Ivory Coast’s neighbouring country Ghana discovered oil in 2007 and brought it into production in 2010, Ivory Coast became one of the …

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Dec 19 – Nautic Africa, a South Africa –based commercial ship builder, announced the launch of its first Guardian fleet today, the Guardian BR850.Maritime security, anti-piracy efforts and environmental protection are increasingly front-of-mind for businesses and governments operating along coastlines, which is why the timing …

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Dec 18 – According to several reports, Kenya’s highly-anticipated Konza Tech City will officially launch next month with President Mwai Kibaki kicking off the groundbreaking ceremony on January 23.Dubbed as “Africa’s Silicon Savannah,” Konza Tech City – which is located 60 kilometres from Nairobi – …

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