Continental Coal has plans to increase production capacity at its Penumbra mine in South Africa to 63,000 tonnes per month by November 2013
Finance
AfDB extends funds for Mauritius Commercial Bank
The African Development Bank (AfDB) has approved funds worth US$120mn multi-sector line of credit (LOC) and US$30mn subordinated debt to the Mauritius Commercial Bank (MCB)
British American Tobacco certified as outstanding employer again
Multinational tobacco group, British American Tobacco, has been named as top employer in Africa for 2014
AfDB calls for major shift in Libya's economic focus
The African Development Bank (AfDB) Group has called on Libya to realign its economy from one based mainly on oil revenues to a state in which economic institutions are more inclusive and integrated
Spar Group to set up operations in Angola
South African-based Spar Group has announced that it will join forces with an Angolan company to open a store in the country’s capital, Luanda, within the next six months