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