Chinese automaker Lifan Industry Group has revealed plans to spend US$3.5mn to set up a new vehicle-assembly plant in Ethiopia next year
Finance
Nigerian unit of Lafarge to increase production
Board members of Ashaka Cement, the Nigerian unit of Lafarge SA, has revealed plans to expand production capacity of the company
Oando to acquire Nigerian business of ConocoPhillips
Nigerian energy group Oando has announced that its affiliate Oando Energy Resources (OER) has entered into a deal with ConocoPhillips (COP) to acquire COP’s Nigerian business interests
GE to invest in Rwandan economy
General Electronics (GE) has revealed its plan to invest in the Rwandan energy, oil exploration and healthcare sectors
Hanlong Group to acquire iron ore mine in central Africa
China-based Hanlong Groups planned takeover of Australian mining company Sundance would lead it to take control of an iron ore mine in central Africa