A Chinese trade delegation has expressed intent to establish a truck manufacturing plant in Nigerias Calabar Free Trade Zone (CFTZ)
Business
Heirs Holdings commits funds for African power sector
Heirs Holdings, which is owned by African businessman Tony Elumelu, has committed US$2.5bn for improving the African power sector
Dangote to invest US$15 billion in Africa by 2018
Nigerian businessman and owner of the Dangote Group Aliko Dangote has pledged to invest up to US$15bn in business opportunities around Africa by 2018
African Energy acquires Aviva’s Botswana coal project
African Energy has completed the acquisition of Aviva Corporation’s 1.3bn tonne-resource Mmamantswe Coal Project in Botswana
Mota-Engil to invest US$36 million in Zambia
Portuguese construction firm Mota-Engil has outlined plans to invest US$36mn in Zambia in an attempt to expand its footprint into the southern African nation