Private equity firm Actis has raised US$1.15bn through its third energy fund, which will be used for investment in electricity generation and distribution businesses in Latin America, Africa and Asia
Finance
Murray and Roberts opens new office in Zambia
South African contractor Murray and Roberts has opened an office in Kitwe city, Zambia, which would serve as a hub for overseeing projects in the infrastructure and minerals sectors in central Africa
Tanzania to target investment through Special Economic Zones
Tanzania has set aside 16,150 hectares of land for the development of Special Economic Zones (SEZs) in three of its cities in an attempt to encourage investment in the country
Ghana and South Africa sign transport and energy agreements
Ghana and South Africa have signed Memoranda of Understanding (MoUs) to co-operate on air services, transportation, electricity and energy developments
Kenya and Kuwait sign agreement to avoid double-taxation
The governments of Kenya and Kuwait have signed an agreement to avoid double-taxation and to protect foreign investments in the two nations