Western Union and KCB Group have announced the launch of an account-based money transfer service (ABMT) in East Africa, allowing customers to send and receive money from more than 200 countries around the world
Finance
Ugandan government addresses key areas in next year’s budget
The Ugandan government has announced in its 2013-2014 budget that it will allocate most of its resources into production-oriented activities in an attempt to boost the economy
Moroccan Infrastructure Fund quits profitable mine
Emerging Capital Partners (ECP) has revealed that the Moroccan Infrastructure Fund (MIF), which it co-manages with Attijari Invest, has exited its position in Osead Maroc Mining (OMM)
Establishing the African investment model
Hurley Doddy, co-CEO of Emerging Capital Partners, talks to African Review about the pan-African private equity companys aims in the years to come and looks back on a decade of successful investments made by the firm
CEC acquires stake in Nigerian energy company
The Copperbelt Energy Corporation (CEC) is set to invest US$164mn in the acquisition of a 60 per cent shareholding in Nigeria’s Abuja Electricity Distribution Company (AEDC), according to a statement issued in Lusaka recently