Latest News Southern Africa and Indian Ocean
Oil & Gas
06/12/2019 at 17h21, by Africa Business+
LNG in Mozambique: Total gets backing from the AfDB for the Area 1 mega project
The AfDB has secured a welcome first financing for the former Anadarko project, a $20 billion liquefied...
Automotive distribution
02/12/2019 at 15h50, by Gaëlle Arenson
CFAO establishes a South African business unit as part of its takeover of Unitrans (Steinhoff)
South African car dealership group Unitrans, soon to be renamed CFAO Motors, will contribute annual...
Bank
26/11/2019 at 17h32, by Africa Business+
FirstRand in the spotlight after the withdrawal of RMB (34%) and Remgro (3.9%)
The largest shareholder in the South African financial group is planning to sell its assets and divest...
Media
22/11/2019 at 19h11, by Gaëlle Arenson
Thomson Broadcast (SIPROMAD/Ylias Akbaraly) wins a call for tenders from Televisao Publica de Angola
The French brand, a recognised leader in digital terrestrial transmission systems, was taken over by...
Consumer goods & Retail
21/11/2019 at 17h34, by Africa Business+
RCS Group (BNP Paribas) takes on the Edcon store card debtors book from Absa
By means of this transaction with the subsidiary of BNP Paribas, the South African bank “frees up capital...
Telecoms
20/11/2019 at 17h31, by Valentin Grille
Telkom in takeover talks with Cell C but is wary of its debt
On the South African market dominated by Vodacom and MTN, the country’s third largest operator is looking...
Private Equity
20/11/2019 at 17h09, by Valentin Grille
Vantage Capital to launch a new $200m fund for renewable energies
The mezzanine fund manager will also exit its $18.5m investment in Genser Energy, an independent power...
Oil & Gas
13/11/2019 at 17h21, by Africa Business+
Madagascar Oil looking for partners to join its projects
Al Njoo, Chairman of the Board at Madagascar Oil, attended Africa Oil Week in Cape Town, South African,...
Bank
08/11/2019 at 14h10, by Tarik Bargal
Political uncertainty and sterling volatility force Afreximbank to postpone its listing
Fewer than two weeks after confirming its intention to list on the London Stock Exchange, the African...
Maritime transport
08/11/2019 at 13h27, by Thibaud Teillard
Jaccar Holdings, Bourbon’s parent company, placed in safeguard procedure
Jaccar Holdings was placed in a safeguard procedure by the Marseille commercial court on 28 October....
Health
08/11/2019 at 12h55, by Africa Business+
Drug distribution: Opham strengthens its leadership with BNI Madagascar and BMOI
Wholesaler-distributor Opham, the Madagascan leader in the pharmaceutical products sector, built a new...
Consumer goods & Retail
07/11/2019 at 17h39, by Africa Business+
Taste Holdings offloads its costly food and beverage division (Starbucks, Domino’s Pizza, Maxi’s, etc.)
The South African franchiser, unable to meet the investment costs required to attain financial stability,...
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