Barclays Bank of Kenya revealed that it is expecting better performance in the second half of this year.
Africa
Sasol Ltd sells Iranian investment to Main Street
South African firm Sasol Ltd sold its stake in Arya Sasol Polymer Co to Main Street 1095. Sasol sold its 50% stake in Arya Sasol Polymer Co, its Iranian unit.
China's ZTE wins USD800 million mobile network deal with Ethiopia
Ethiopia signed an USD800 million contract with ZTE for the expansion of the country's mobile phone infrastructure.
China's CNPC oil operations in Chad suspended
Chad indefinitely suspended China's CNPC oil operations in the country. All drilling activities by China National Petroleum Corporation's subsidiary in the Republic of Chad were indefinitely suspended.
Airport fire causes Kenya Airways to lose USD 4 million in revenues
Titus Naikuni, CEO of Kenya Airways, announced that the fire at JKIA had already cost his company USD 4 million in revenues.
Latest News
African Bank Investments announced it would sell its retail furniture business to strengthen its balance sheet hit by slow demand and increasing bad loans.
The Nigerian federal government created a committee to enhance both private equity and venture capital investments across the country.
Lesedi Council and a group of investors headed by Flanagan & Gerard announced a plan to construct a 35,000 square meter mall in Heidelberg, South Africa.
Capitalworks, a private equity firm based in South Africa, announced it was able to raise ZAR 2.7 billion in six months.
Fab announced that they have received US$10 million from SingTel Innov8. Jason Goldberg, chief executive officer of Fab, announced that his company had raised US$10 million in venture capital funding.
The Abraaj Group exits its HFC Bank investment after signing an agreement with Republic Bank Limited.
Sanlam, South Africa's leading life insurer, shells out US $24 million in favor of First Strut.
The South African lender is in negotiations to sell its London unit to Industrial and Commercial Bank of China, its biggest shareholder.
Spanish industrial engineering company, Technicas Reunidas SA announced that they are in the final stages to win a US$1 billion contract for a natural gas processing plant.
