Business

Moroccan tech city boosted by US$10bn preliminary funding deal

Tangier 5184aThe new industrial and technology hub, located close to the city of Tangiers, will be funded by Chinese group Haite 002023.SZ, BMCE's Bank of Africa and the Moroccan government

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Merger and acquisition actions moves from West to East Africa in 2016

Canary Wharf Skyline 2 London UK Oct 2012International law firm Clifford Chance show that the African merger and acquisition (m&a) footprint is increasing in 2016, despite the market deal volume being down a third throughout Africa in 2016

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KPAL to agree to acquire Sadolin Paints

USMC 00157Kansai Plascon Africa Limited, a subsidiary of Kansai Paint Co, announced on 7 February, a binding agreement for the acquisition of 100 per cent of Sadolin Paints’ operations in Kenya, Uganda, Tanzania, Zanzibar, and Burundi

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Banking transition towards digital

Ecobank mobile app demos at the Nigerian launchIn an exclusive interview with managing director and regional executive for the group's CESA region Samuel Adjei, African Review learned in its December issue how the launch of a new cache of digital mechanisms underpins a wider plan to spark greater financial synergies across East Africa

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AfDB backs phase two of Egypt energy programme

Shutterstock Paul VintenThe African Development Bank (AfDB) yesterday signed a US$500mn loan agreement to support Egypt's Economic Governance and Energy Support Programme Phase II

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