Global beverage manufacturer Coca-Cola will embark on the construction of a US$60mn plant in Ethiopia
Finance
Jindal Steel to invest US$500mn in Cameroon’s power and rail sector
Indian steel and power manufacturer Jindal Steel & Power Ltd (JSPL) has revealed plans to invest US$500mn in Cameroon to build a power plant, a railway line and an iron ore processing plant
MTN to launch global brand campaign
MTN has announced the imminent launch of its ‘Welcome to the New World’ campaign in selected countries across Africa
Standard Bank may sell 60 per cent stake of UK commodities to ICBC
South Africas Standard Bank may sell 60 per cent of its UK commodities and foreign exchange trading businesses to the Industrial & Commercial Bank of China (ICBC) for at least US$600mn
Bank of China steps up activity in Uganda
The Bank of China has increased its activities in Uganda by establishing a partnership with a local bank and has plans in place to open up special desks in the country to deal with traders going to China