AECOM Technology has won a three-year contract worth US$30mn from South Africa’s Transnet to provide engineering, procurement, construction management (EPCM) and project-close-out services for up to 15 infrastructure projects in South Africa
Finance
Cardiome Pharma names Algorithm as North African distributor for investigational drug
US-based Cardiome Pharma has named Lebanons Algorithm as the exclusive seller and distributor for its intravenous investigational drug BRINAVESS, in certain parts of North Africa and the Middle East
Nigeria cuts registration fees for new businesses by 50 per cent
Nigeria has slashed registration costs by 50 per cent for new businesses with an equity investment of US$3.11mn to encourage small companies and foreign investments to the country
Sub-Saharan Africa set to grow at 5.3 per cent in 2014, says World Bank
Sub-Saharan Africa’s economic growth may increase to 5.3 per cent next year, with steady private and public investment underpinning the region’s robust performance, according to a World Bank report
ADF’s partial risk guarantee for Lake Turkana project
The first of the African Development Fund’s Partial Risk Guarantees (ADF PRG), the Lake Turkana Transmission Line Delay Partial Risk Guarantee, has been approved for US$27mn