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Arbaro Fund for sustainable forestry launched

Global impact asset manager Finance in Motion has joined forces with Unique, a timber sector advisory company, to establish a new impact fund for sustainable forestry, the Arbaro Fund. “After an [...]

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Ghana – UMB signs $10.8m IDIF agreement with Central Sugar Company

The Universal Merchant Bank (UMB) has signed a $10.8million agreement with Central Sugar Company Limited to kick-start the establishment of a factory that would process cassava into starch for [...]

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Sea Harvest acquires Ladismith Cheese for R527m

JSE-listed fishing and food business Sea Harvest’s Cape Harvest Food Group subsidiary has concluded a share purchase agreement to acquire dairy processing company Ladismith Cheese for [...]

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Nairobi bourse, LSE set for parallel listings talks

The London Stock Exchange (LSE) officials are set for talks with their Nairobi Securities Exchange (NSE) counterparts this week as they look to firm up plans for parallel listings at the LSE by [...]

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Tanzania and Uganda sign a gas pipeline deal

Tanzania and Uganda have signed an agreement for the construction a natural gas pipeline. The multimillion dollar deal was signed at the end of a three-day Joint Permanent Commission Summit held [...]

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Two solar plants opened in Namibia

Two solar plants, Ejuva One and Ejuva Two, were opened in Gobabis, Namibia, by Deputy Minister of Mines and Energy Kornelia Shilunga, on Thursday. She said Ejuva will help to diversify Namibia’s [...]

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Old Mutual Holdings to Acquire 6% Stake in UAP Holdings of Kenya

Old Mutual Holdings Ltd. notified UAP holdings Ltd. of its intention to acquire 12.7 million shares, or 6 percent of the issued share capital, according to a newspaper statement. About 9.83 [...]

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SA Study initiated for conversion of Kelvin power station from coal to gas

A $1.3-million feasibility study has been initiated into the prospect of converting the coal-fired Kelvin power station, east of Johannesburg, into a 450 MW to 600 MW gas-fired power station. The [...]

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New oil exploration deals signed: Egypt petroleum minister

Petroleum and Mineral Resources Minister Tariq al-Mulla has signed two new oil and natural gas exploration agreements in the Sinai and Gulf of Suez regions, with total investments worth roughly [...]

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Egyptian firm to turn tonnes of rubbish into electricity, bio-diesel

Emerging energy firm Tawanda Energy Ltd has agreed a deal with Egyptian financier and project developer MAFGAIB for the construction of a $140 million plant that converts waste to energy. The [...]

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China to build $ 2.5 billion rail network between Zim and Mozambique

China plans to build a rail network of more than $ 2.5 billion in southern Africa, the Macauhub news agency said . According to information relayed by the media, the project Trans-Zambezi will, [...]

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Besix Group picked to build Nachtigal hydropower dam

Besix Group, a Belgian company operating in the construction sector, announces that it has won the contract for the designing and construction, in the Central region in Cameroon, of the 420-MW [...]

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Vantage GreenX Note II invests in six renewable energy projects in SA

Vantage GreenX Fund Managers has provided R2.05bn of funding to a combination of six solar and wind energy projects with a combined capacity of 433MW. The investment was structured through the [...]

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Numsa to list financial services firm on JSE

The National Union of Metal Workers of SA (Numsa) is planning to list 360 Financial Services Group (360FSG), a subsidiary of its investment firm and owner of Doves funeral business, on the JSE in [...]

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