South Africas Metair Investments has announced that it will acquire Turkish battery manufacturer Mutlu Holding for US$220mn to enhance its footprint in Europe
Manufacturing
Renault-Nissan Alliance to set up vehicle assembly hub in Nigeria
The Renault-Nissan Alliance has signed a Memorandum of Understanding (MoU) with West African conglomerate Stallion Group to start a vehicle assembly unit in Nigeria
Direct action to reclaim Windhoek's water
In Namibia, water recycling has been undertaken since 1968 with direct water reclamation - at which time it became the first country in the world to practice such a methodology
Kenyan steel maker to invest in metal sheet production
Kenya-based steel company Devki Group will invest US$321.2mn in the manufacturing of metal sheets used to produce roofing sheets and key automobile components
Arab Bank grants funds for development of water supply system in Kenya
Kenya has received a loan of US$10mn from the Arab Bank for Economic Development in Africa (BADEA) to rehabilitate water supply and sewerage system in Oloitokitok town