Several top private equity firms had expressed in a convention that Africa would be seeing an influx of investments in the near future.
Tags: Africa
B2Gold Corp signs arrangement agreement with Volta Resources
Vancouver-based gold producer B2Gold Corp said it signed a definitive agreement with Canadian resource company Volta Resources Inc for the business combination of the two companies.
Woolworths closes Nigerian stores
Due to high costs of operations and low returns, Woolworths opts to close down stores in Nigeria. Woolworths Holdings Ltd. , the food and clothing retailer from South Africa, announced plans for the closure of three of its stores located in Nigeria.
Vimpelcom's third quarter earnings affected by regulatory pressures and fee mandates
Vimpelcom's third quarter earnings affected by African and Asian regulations as well as Italy's fee charging ceiling for use of competitor networks.
Ford Motor Corp set to expand fifth unit for Middle Eastern and African markets
The fifth global business unit for Ford serving the Middle East and African regions would be headquartered at Dubai, in the UAE.
Latest News
The new joint venture to participate in projects in the Middle East and Africa comprised of Arabtec and Samsung Engineering Co.
New appointments to HSBC Holdings management staff were recently announced to respond to the recovery in the region's financial markets.
AT&T, with its hub in Dubai, has offered IP virtual private network services to multinationals doing business in the Gulf region and in Africa.
Tata Capital had been planning to launch a private equity fund in the African region. Tata Group's financial services unit, Tata Capital had been planning to launch an Africa-focused private equity fund.
Cairn Energy said its planned explorations in Northwest Africa and Ireland yielded up to 25% chance of success compared to its exploratory project in Greenland.
Researchers said that Apple led the South African tablet industry while Samsung trailed at second. Over 1. 4 million units of tablets were purchased by South Africans in a span of three years, said research firm World Wide Worx.
Alexander Forbes stated in its latest annual report that it is mulling further expansion in African countries.
Prima Reinsurance Plc planned to get around USD4 million through an initial public offering to be listed on the Lusaka Stock Exchange.
Samsung appointed a new African CEO and boosted capital spending. There were several notable events in Samsung recently. One of which was appointing a new CEO for Africa.
