Barrick Gold has withdrawn from talks with the China National Gold Group regarding the US$2.32bn sale of its African unit
Business
Russian firm eyes Zimbabwean asbestos manufacturer
A Russian firm has revealed its interest in joining the race for acquisition of Zimbabwean asbestos products manufacturer Turnall Holdings
Toyota launches assembly plant in Kenya
Japanese automaker Toyota has launched a US$4.9mn truck and bus assembly plant and showroom in Kenya in an attempt to improve its market share in the East African country
Nigeria to strengthen trade ties with Canada
Nigeria has revealed plans to improve its economic relations with Canada in the areas of power generation, petrol chemicals, mining, aviation, agriculture, health, education and film production
Aspen to acquire Nestlé’s infant nutrition businesses in Africa and Australia
South Africas Aspen Pharmacare has entered into an agreement with Nestlé to acquire its infant nutrition businesses in Africa and Australia for US$215mn