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
Finance
ADF’s partial risk guarantee for Lake Turkana project

The Lake Turkana Transmission Line Delay Partial Risk Guarantee will be used to alleviate the risk for the construction of a 428km publicly owned transmission line between Loyangalani and Suswa. (Image source: wfeiden/Flickr)
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
Botswana named 'most prosperous country in Africa'

The Parliament of Botswana, the country that has been ranked as the most prosperous economy in Africa by the Legatum Institute. (Image source: Wikimedia commons)
Botswana has been ranked as the most prosperous economy in Africa for the second year in a row in the 2013 Legatum Institute Prosperity Index
Aspen Pharmacare to buy GSK’s drug brand for US$1.13 billion

Aspen Pharmacare will purchase the Arixtra and Fraxiparine blood clotting dug brands of GSK. (Image source: Maxwell Hamilton/Flickr)
South African generic drug maker Aspen Pharmacare will buy GlaxoSmithKline’s (GSK) blood-clotting thrombosis drug brands and its manufacturing factory for US$1.13bn
Parker Hannifin and BMG sign sub-Saharan Africa distribution partnership

The signing ceremony for the partnership agreement between BMG and Parker Hannifin Corporation, which took place at BMG Park, Johannesburg. (Image source: Parker Hannifin Corporation)
Parker Hannifin Corporation has signed a strategic partnership agreement with Bearing Man Group (BMG), as part of a deal to increase the availability of products and customer support for both companies throughout South Africa and the wider sub-Saharan African region