Algeria
African Dignitaries Join Investment Forum, Aims to Establish a Free Trade Zone
Heads and ministers of some African countries, representatives from business groups and other dignitaries will meet in Africa 2016. Egyptian government has organized the summit scheduled to be held on February 20-21. During the summit, the participant leaders will discuss ways to remove hurdles in Businesses and establishing a free trade zone in Africa.
GE to invest $2 billion to boost African energy, infrastructure
General Electric Co (GE.N) on Monday pledged to invest $2 billion in Africa by 2018 to boost infrastructure, worker skills and access to energy, an announcement timed to coincide with a U.S. summit meeting of nearly 50 African leaders.
ECP acquires 33pct interest in Algeria-based Pepsi bottler
Washington, US-based private equity firm Emerging Capital Partners (ECP) is acquiring a 33% interest in Algeria-based PepsiCo Inc bottler Atlas Bottling Corp for an undisclosed amount as part of an expansion plan.
Lulu CEO to invest in Middle East, Asia and other emerging markets, includes store expansion
Lulu Hypermarkets chief executive officer Yusuffali M.A. said his company would be entering in expanding in emerging markets and create new ones in the Middle East and Asia.
