South Africas Aspen Pharmacare has entered into an agreement with Nestlé to acquire its infant nutrition businesses in Africa and Australia for US$215mn
Finance
African diaspora 'source of development funding'
The Global Diaspora Forum held in Dublin drew focus on the African diaspora communities that are increasingly becoming viable sources of development funding
Nigeria may soon draw Chinese investments
A Chinese trade delegation has expressed intent to establish a truck manufacturing plant in Nigerias Calabar Free Trade Zone (CFTZ)
AfDB approves grants worth US$9 million for Malawi
The African Development Bank (AfDB) has approved two grants for Malawi worth US$9mn for budgetary support and a hydroelectric power plant feasibility study
AfDB to release funds for Africa’s infrastructure
The African Development Bank has proposed a US$20bn innovative instrument for financing of Africa’s infrastructure development