Dec 18 – Rwanda-based cement supplier Cimerwa announced last week it has sold 51 per cent of its equity to South Africa’s PPC Limited for US$69.4 million.”This transaction is a further step in our commitment to invest in sub-Saharan Africa and we are very confident …
Dec 17 – ExxonMobil, the world’s largest publicly traded international oil and gas company, announced today that its affiliate ExxonMobil Exploration and Production South Africa Limited will soon begin exploration activities offshore South Africa. ExxonMobil will acquire a 75 per cent interest in Tugela South …
Dec 11 – In an effort to play a greater role in Africa’s economic development – and step up its competitive edge next to China, Europe and India who have already been investing heavily in Africa – a leading United States business group announced on …
Dec 11 –Quote Africa Group (QAG) – a holding company working towards launching several African exchanges over the next few years to create a connected, pan-African exchange – announced today there is R3.5 trillion (approximately US$404 billion) backing the application for an alternative exchange in …
Dec 7 – Sea Dragon Energy, a Canadian exploration and development company with a focus on the Middle East, announced today that it has completed the acquisition of Egypt’s National Petroleum Company Shukheir Marine (NPC SHM) Limited for US$250,000 cash, paid at closing, plus the …
Dec 7 – South Africa’s biggest retail bank Absa, a subsidiary of British bank Barclays, reached a deal on Thursday to acquire the African operations from Barclays to enable it to expand on the continent.The deal, worth R18.33 billion (or US$2.1 billion), is in line …
Dec 3 – Trop-X, the Seychelles Securities Exchange, opened its doors for the first time on Friday with the launch of three initial equities boards that allow for the listing and trading of shares of both domestic and foreign companies.Trop-X is the first release part …
Nov 30 – Shares in Uganda’s largest electricity distributor, Actis-backed Umeme, began trading on the Uganda Securities Exchange (USE) today.Uganda’s Vice President, Hon. Edward Ssekandi rang the bell on the IPO at a special event at the Kampala Sheraton, to which the USE had relocated …
Nov 30 – Mobile network operator Safaricom, which is 40 per cent owned by Vodacom, announced this week that through its partnership with Commercial Bank of Africa (CBA) it is introducing M-shwari, a banking service that will enable millions of Kenyans to save, earn interest …
Nov 23 – Africa’s rapidly growing plastics industry is attracting an increasing number of international companies into this lucrative new market. Estimates show that the demand for plastic packaging in Africa has grown by eight per cent over the past five years, compared to only …
