Finance

The transaction marks a major milestone in Subtech South Africa’s transition to become a black-owned and managed South African marine services company. (Image source: James Fisher Subtech)

Subtech South Africa (Pty) Ltd, a subsidiary of James Fisher Subtech – the global specialist provider of innovative marine (offshore and nearshore) solutions, has completed a major Broad-Based Black Economic Empowerment (B-BBEE) transaction, transferring a 51% stake in the business to South African black owned consortium, Tacenda Consulting (Pty) Ltd and Thembani Shipping (Pty) Ltd.

President Kenyatta termed the admission of DRC into the EAC a historic event. (Image source: Adobe Stock)

The Democratic Republic of Congo (DRC) has been officially admitted into the East African Community (EAC) during the 19th Extra-Ordinary Summit of the EAC Heads of State and Government which was virtually chaired by President Uhuru Kenyatta

Qatar, Egypt join hands on set of investments and partnership worth US$5bn. (Image source: Adobe Stock)

Qatar and the Arab Republic of Egypt have agreed on a set of investments and partnerships in Egypt, totaling US$5bn in the coming period


The meeting dealt with a review of bilateral relations between the two brotherly countries and the importance of strengthening cooperation and coordination between them

This came during a meeting held on Tuesday in Cairo between HE Prime Minister of the Arab Republic of Egypt, Dr Mostafa Madbouly and deputy prime minister and minister of foreign affairs, Sheikh Mohammed bin Abdulrahman Al-Thani and minister of finance Ali bin Ahmed Al Kuwari.

The meeting dealt with a review of bilateral relations between the two brotherly countries and the importance of strengthening cooperation and coordination between them in various fields.

The two sides praised the step of forming a joint higher committee headed by the foreign ministers of the two brotherly countries with the aim of continuous consultation and strengthening cooperation and coordination in all fields. 

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