The Copperbelt Energy Corporation (CEC) is set to invest US$164mn in the acquisition of a 60 per cent shareholding in Nigeria’s Abuja Electricity Distribution Company (AEDC), according to a statement issued in Lusaka recently
Business
Resurgent UK trade and investment in Nigeria
Many British-based investors are looking at Nigeria, to get to know the markets for energy, minerals, and infrastructure, and to engage with enterprises on the ground
Bill Gates and US investors to buy US$1 billion stake in Egyptian firm
Bill Gates and a US investors’ group have announced plans to buy a US$1bn stake in Egyptian company Orascom Construction Industries
ZCCM-IH announces operating profit for 2011
Zambia Consolidated Copper Mines Investments has disclosed an operating profit of US$100.7mn in 2011 from 8.9mn in 2010 as a result of a favourable economic environment and high commodity prices
Global hotel chains invest millions in Kenya’s hospitality industry
International hotel chains are investing millions of dollars in Kenya and the wider East African region to cash in on the expanding hospitality industry