Heirs Holdings, which is owned by African businessman Tony Elumelu, has committed US$2.5bn for improving the African power sector
Finance
Dangote to invest US$15 billion in Africa by 2018
Nigerian businessman and owner of the Dangote Group Aliko Dangote. (Image source: World Economic Forum/Flickr)
Nigerian businessman and owner of the Dangote Group Aliko Dangote has pledged to invest up to US$15bn in business opportunities around Africa by 2018
Samsung launches jet engine air conditioner
The jet engine air conditioner features a sleek design. (Image source: orangeinkpr)
Samsung Electronics South Africa has announced the launch of Q9000 jet engine air conditioner, which will use jet engine technology to cool or heat air faster than conventional units
African Energy acquires Aviva’s Botswana coal project
African Energy has acquired Aviva’s subsidiary Botswana Energy Solutions, which in turn owned the Mmamantswe Coal Project. (Image source: PublicDomainPhotos/Flickr)
African Energy has completed the acquisition of Aviva Corporation’s 1.3bn tonne-resource Mmamantswe Coal Project in Botswana
Mota-Engil to invest US$36 million in Zambia
Mota-Engil will be involved in the construction of a road linking Zambia and Malawi as its first project in Zambia. (Image source: Hitchster/Flickr)
Portuguese construction firm Mota-Engil has outlined plans to invest US$36mn in Zambia in an attempt to expand its footprint into the southern African nation
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