The first of the African Development Fund’s Partial Risk Guarantees (ADF PRG), the Lake Turkana Transmission Line Delay Partial Risk Guarantee, has been approved for US$27mn
Finance
Botswana named 'most prosperous country in Africa'
Botswana has been ranked as the most prosperous economy in Africa for the second year in a row in the 2013 Legatum Institute Prosperity Index
Aspen Pharmacare to buy GSK’s drug brand for US$1.13 billion
South African generic drug maker Aspen Pharmacare will buy GlaxoSmithKline’s (GSK) blood-clotting thrombosis drug brands and its manufacturing factory for US$1.13bn
Parker Hannifin and BMG sign sub-Saharan Africa distribution partnership
Parker Hannifin Corporation has signed a strategic partnership agreement with Bearing Man Group (BMG), as part of a deal to increase the availability of products and customer support for both companies throughout South Africa and the wider sub-Saharan African region
Finnish and African journalists to investigate sustainable projects and partnerships
A group of journalists from Africa, the USA, the UK and Finland will travel to South Africa this week as part of a tour organised by the Ministry for Foreign Affairs of Finland, which will see the journalists visit several cooperation projects between Finland and South Africa