CFAO Auto Group has been looking at the potential car market in Nigeria following other multinational companies including Toyota, Nissan and Kia's entrance to the country through local partnership with distributors for car assembly and production.
Tags: Ventures Africa
Merkel Announced to Prioritize Africa in G20 Presidency
The German chancellor said that she will prioritize Africa for Germany's G20 presidency next year. She reiterated that she want to strenghten private investment in Africa and urge other companies to invest in Africa.
Djibouti receives $11 million grant from the European Union
Djibouti has received $11 million grant from the European Union to help the country in looking for ways to solve the current problem in potable water and its scarcity of supply.
PublicVine receives $5 mln investment
Nam Mokwunye's PublicVine, video marketplace startup allowing sellers and buyers alike to acquire videos has received $5 million funding round in time for the company to launch globally on June 6 this year.
Brazil's Petrobas to sell its assets in Nigeria
Petrobas, the top oil producer of Brazil, has been looking for potential buyers to acquire its assets in Nigeria valued $5 billion as the company plans for divestment of international assets.
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US-listed fund manager Carlyle has invested USD698 million to the sub-Saharan Africa region aiming to focus in the consumer, transport, ICT and financial sectors and adding to J&J Africa, its current investment in the country.
International soccer star Didier Drogba has partnered with HOM to launch his clothing brand in May, a French clothing brand for men, reported Ventures Africa.
Google Inc. has acquired Titan Aerospace without disclosing financial information regarding the deal, reported Ventures Africa.
Kenya's Britam would acquire 30 percent stake in Continetal Re Kenya Ltd in a deal valued USD3.5 million, reported Ventures Africa.
Naguib Sawiris has been looking at a potential investment in Telecom Italia, his latest attempt after failing to get hold of stake two years ago, reported Ventures Africa.
A German newspaper reported that furniture and household appliances magnate Steinhoff would debut on Frankfurt, Germany through an IPO later this year.
Glencore Xstrata sold its Peru copper mine to consortium led by China MinMetals in an all cash deal valued USD5.8 billion, reported Ventures Africa.
BNP Paribas has acquired RCS in a deal valued USD250 million, reported Ventures Africa. BNP Paribas’ South African arm has purchased 100 percent of RCS, reported Ventures Africa.
On Friday, investment bank Investec said that Bank of Queensland would acquire its Australian unit in a deal valued USD414 million, reported WSJ.
