Zeder Investments is purchasing Capespan Group shares from Total Produce. A private investor in agricultural companies has announced that it would be purchasing in Capespan Group Ltd, South Africa's biggest fruit export company.
Africa
Vitol Purchases Assets from Rialto
Vitol purchases Rialto assets in Ghana and Ivory Coast for upstream financing. Vitol, the oil trader has purchased shareholdings in Rialto Energy's West African oil and gas exploration assets in order to improve and expand its channels for energy supplies.
Nigerian Regulators Issue New Rules
NCC issues new rules for mobile phone users in Nigeria. Under new regulations for mobile phone users in Nigeria, indivdual customers can change their service providers and retain their numbers.
Cathay Fortune Refuses Support for Discovery Metals Plan
Cathay Fortune said it would not support the plan of Discovery Metals to expand capitalization. The top shareholder in Discovery Metals Ltd, private equity firm Cathay Fortune Corp said it would not vote for the approval of the company's plan to increase capital funding.
IMF - Tunisia Loan Deal Amounts to $1.75 Billion
IMF approves US$1.75 billion loan package to Tunisia. According to reports, the International Monetary Fund confirmed that it had agreed to a $1. 75 billion standby loan agreement with Tunisia.
Latest News
Wilmar pays out US$263 million for 54% controlling stake in Consumar. The largest sugar cane miller in Australia, Wilmar International Ltd has purchased 27.
KT Corp, citing many issues, has formally withdrawn from the bidding for Vivendi's shareholdings in Maroc Telecom.
Pearson Plc to transfer its BDFM Publishers shareholdings to Times Media Group Ltd. The owner of the Financial Times newspaper, Pearson Plc has entered into an agreement to sell off its 50% shareholdings in publisher BDFM Publishers.
Distell's purchase of Burn Stewart expands its market. South Africa's largest wine and spirit producer, Distell Group Ltd, is planning to acquire Scotch whisky maker Burn Stewart Distillers Ltd.
Private equity firm Carlyle Group is set to sign investment deals in Africa to tap the increasing customer spending in the continent.
According to MTN CEO,the company is expanding from Africa to Asia and the Middle East. The largest African mobile operator, MTN Group Ltd, is expected to spend as much as US $8 billion on acquisitions in order to increase its spending in networks that limited its earnings.
Nakumatt Holdings MD Atul Shah said the retailer is now open for investors and expansion in East Africa.
Sundance Resources has terminated the bid agreement with Sichuan Hanlong Group for its failure to meet bid preconditions.
Pavilion Energy Pte would be investing in LNG related industries. The sovereign wealth fund of Singapore, Temasek Holdings Pte Ltd has established a new investment fund focused on liquefied natural gas.
