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United States

Joe Bavier

Morocco's Attijariwafa bank to eye new Africa acquisitions from late 2019

Nov 08 2018

JOHANNESBURG, Nov 8 Morocco's Attijariwafa Bank plans to launch a new acquisition push in Africa late next year, starting with Rwanda, Kenya and Ethiopia, a bank executive said on Thursday.

France's EDF signs deal for 1.2 bln euro Cameroon hydro project

Nov 08 2018

JOHANNESBURG, Nov 8 France's EDF Group signed an agreement on Thursday to build and operate a 1.2 billion euro ($1.37 billion) hydropower project in Cameroon, the first step in a plan to expand its hydropower business in Africa, a company executive said.

Exclusive: Saudi makes $1 billion bid for partnership with South Africa defense group Denel

Nov 08 2018

JOHANNESBURG Saudi Arabia has made a $1 billion bid for a broad partnership with South African state-owned defense group Denel that would include acquisition of a minority stake in a joint venture with Germany's Rheinmetall , a source familiar with the offer said.

Off-grid firm BBOXX targets two new African markets with EDF-CEO

Oct 29 2018

* Large energy companies diving into Africa's off-grid market

Tax byte: Africans fear trend towards levies on data, services

Oct 18 2018

KAMPALA/JOHANNESBURG The brisk business Julius Kirya did from his cash transfer kiosk in the Ugandan capital has slowed right down with a new tax on mobile money. Many of his customers have returned to sending banknotes by hand, in some cases via motorbike taxi.

Africa rebounding, but must prepare for future: IMF official

Oct 11 2018

JOHANNESBURG Africa's GDP growth is rising but it must do more to solidify a fragile recovery and prepare for major disruptions in the global economy, the International Monetary Fund's top official for Africa said.

Guinea's bauxite boom upending rural communities - HRW

Oct 04 2018

JOHANNESBURG As mining companies in Guinea ramp up bauxite production, they are upending rural communities and undermining air and water quality while government authorities fail to rein in abuses, Human Rights Watch (HRW) said in a report on Thursday.

Exclusive: Saudis seek wide-ranging deals with South African arms firms

Oct 04 2018

JOHANNESBURG Saudi Arabia is in talks with South Africa's major arms manufacturers and is considering taking an equity stake in the struggling state-owned defense firm Denel, the head of the Saudi state defense company told Reuters.

Diamond trade must reform in face of threat from synthetic stones: U.S.

Oct 02 2018

PRETORIA The diamond trade must confront its tarnished image and revamp its certification scheme or risk seeing increasingly demanding consumers spurn natural stones in favor of cheaper synthetic diamonds, a senior U.S. official said.

Accor aims to conquer Africa with $1 billion war chest, says region CEO

Sep 25 2018

JOHANNESBURG AccorHotels' new Middle East and Africa CEO is taking aim at rivals including Radisson as he looks to capitalize on a billion-dollar war chest to further the biggest European hotel operator's expansion in sub-Saharan Africa.

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