Sanofi has outlined plans to invest US$95mn to build a third plant in Algeria which is also expected to be its largest in the African continent
Finance
South Africa’s Penumbra mine to see increase in production

A permanent ventilation shaft was commissioned at the Penumbra mine last month. (Image source: PublicDomainPhotos/Flickr)
Continental Coal has plans to increase production capacity at its Penumbra mine in South Africa to 63,000 tonnes per month by November 2013
AfDB extends funds for Mauritius Commercial Bank

The AfDB financing will allow MCB to increase its foreign currency lending to medium- and large-sized enterprises operating in Mauritius. (Image source: Ashok Prabhakaran/Flickr)
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

The head office of British American Tobacco, situated in London, UK. The company has been named within the Top Employer Africa 2014 line up. (Image source: H005)
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 AfDB has called on Libya to shift its economic focus away from the oil sector. (Image source: David Stanley/Wikimedia Commons)
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