Portuguese lender eyeing Mozambique’s Moza Banco Published by Staff Writer on 29 July 2010 Banco Espirito Santo SA, Portugal’s largest publicly traded bank by market value, has signed a memorandum of understanding to acquire a 25% stake in Mozambique’s Moza Banco SA.
East African Breweries acquires Tanzanian beer maker Published by Dinfin Mulupi on 29 July 2010 East African Breweries Limited (EABL) has acquired a majority stake in Serengeti Breweries Limited (SBL) of Tanzania.
Senegal gold project proves economically viable Published by Staff Writer on 29 July 2010 Canada-based Oromin Explorations has announced that a feasibility study for a proposed open pit and underground mine in Senegal has shown that the project is economically viable.
Second round of bank consolidation draws near in Nigeria Published by Imara Africa Securities team on 28 July 2010 As expected, the passing into law of the AMCON Bill in Nigeria, as well as the advent of the reporting season, has seen Nigeria’s All Share Index rally somewhat over the past few days.
Rwanda least corrupt country in East Africa – index Published by Kim Lewis on 28 July 2010 The Kenya chapter of Transparency International found that two neighbouring countries in Africa call on two different ends of the scale in terms of corruption.
Brazilian firm views South Africa as important market Published by Staff Writer on 27 July 2010 WEG, a Brazil-based industrial-machinery maker, has acquired control of South Africa’s Zest Group.
How safe is it to fly in Africa? Published by Jaco Maritz on 27 July 2010 The recent death of 11 people, including well-known Australian businessman Ken Talbot and other executives of Sundance Resources, when their plane crashed in the Republic of the Congo has again turned attention to air safety in Africa.
Africa not just a China play as India makes inroads Published by Imara Africa Securities team on 26 July 2010 Much has been written about the role China has played in increasing FDI into the African continent, driven in particular by its almost insatiable requirement for natural resources to prop up its fast growing economy.
New laws for tourism operators in Lagos State Published by Staff Writer on 26 July 2010 Lagos State Governor, Babatunde Fashola last week signed into law a bill for the regulation and standardisation of the tourism sector in the state.
African success stories show need to think from the ground up Published by Dianna Games on 23 July 2010 In 1993, Equity Building Society in Kenya was declared technically insolvent; in 2010 it claims more than half of Kenya’s banked population as its customers.
Sudan cement plant a ‘challenging’ project Published by Dinfin Mulupi on 23 July 2010 “Although we are accustomed to working in remote locations and to dealing with intense heat, the challenges at Takamol were compounded by the fact that the two banks of the Nile were only recently connected by a bridge.”
Globacom to start operations in The Gambia Published by Staff Writer on 21 July 2010 Nigeria-based African telecommunications firm, Globacom, has won a licence to operate telecom services in The Gambia.
South Africa must play by Africa’s business rules Published by Dianna Games on 20 July 2010 Are South African companies damaging relationships with other African countries by not playing by the rules?
Liberia becoming more popular as investment destination Published by Boakai Fofana on 20 July 2010 In the latest of several major investment deals, the Liberian government has signed a $3 billion agreement with mining giant BHP Billiton.
