A consortium of 12 African and international banks has provided a US$3.3bn loan facility to Dangote industries forconstructing a petroleum oil refinery and fertiliser plant in Nigeria
Finance
Zimbabwe to build its own Disneyland
Zimbabwe has unveiled plans to build a Disneyland in Africa in an attempt to boost the country’s tourism sector
Indian bank to open first South African branch
India’s public sector lender Canara Bank has outlined plans to open its first branch in Johannesburg, South Africa, by December 2013 in an attempt to expand its overseas branch network
Chinese bank invests in African infrastructure development
China Development Bank (CDB) has invested at least US$2.4bn in African infrastructure and commercial projects
Russian nuclear firm plans to generate more than 15,000 jobs in South Africa
Russian state-owned nuclear company Rosatom has revealed plans to generate more than 15,000 jobs in the South African in construction, service and operations sectors