Business

Algeria, Indonesia sign mining deals worth US$4.5bn

Algeria Indonesia sign three mining deals worth US4.5bnTwo Algerian firms and an Indonesian industrial group have signed three accords to invest US$4.5bn in phosphate mining, a statement by the Algerian Ministry of Industry and Mines said

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Dangote Group becomes a shareholder in Afreximbank

Aliko DangoteDangote Group, the Pan-African conglomerate, has acquired shares in Cairo-based African financial institution Export-Import Bank (Afreximbank)

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Africa Business Forum opens registration

Fotolia 46731424 Subscription XXLAfrica Business Forum is back for its fourth year in Addis Ababa, Ethiopiaand has opened registrations for the event on 1 June 2016

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Coca-Cola to acquire Nigerian food and beverage company

cococola danielgo flickrCoca-Cola Company has signed an agreement to acquire an initial minority equity shareholding in Nigeria’s Chi Ltd

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Himoinsa to launch new products and expand presence in 2016

himoinsaSpanish genset manufacturer Himoinsa’s turnover in 2015 grew by 15 per cent, with strong sales figures coming in from the Middle East, Africa, Asia Pacific and Europe

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