Barclays has gained regulatory approval for a merger of its African operations with Absa Group, the South African bank in which it owns a controlling stake
Finance
Investec to invest in South African renewable sector
Specialist bank and asset manager Investec will invest US$813mn in South Africas Renewable Energy Independent Power Producer Procurement Programme
AfDB to invest in Nigerian infrastructure development
The African Development Bank (AfDB) has revealed plans to invest in Nigerias infrastructure development and support environment policy in the West African nation
Copperbelt Energy to raise funds for African expansion
Copperbelt Energy, which supplies power to Glencore Xstrata and Vedanta Resources in Zambia, has revealed plans to raise US$150mn through loans to expand business in Africa and finance existing debt
Murray Roberts sells manufacturing unit
South African engineering and construction service provider Murray Roberts has announced the sale of its African construction products platform comprising the group’s manufacturing businesses for US$130.1mn