Mota-Engil Africa expects flat revenues as it reaches beyond Angola
Mota-Engil Africa, the Africa-focused unit of Portugal’s largest builder, said it expected turnover to be flat this year as it continued to diversify away from its traditional home market of Angola. Posting its first annual results since listing in Amsterdam last November, the company said on Monday it had made earnings before interest, tax, depreciation […]
China and Equatorial Guinea sign a $2 billion deal
China’s biggest lender by assets, Industrial and Commercial Bank of China, said on Wednesday it had signed an infrastructure pact worth $2 billion with the oil-rich west African nation of Equatorial Guinea. The agreement was signed on Tuesday following a meeting in Beijing between Chinese President Xi Jinping and Equatorial Guinea President Teodor Obiang Nguema, […]
UK willing to help Zimbabwe regain its breadbasket status
Britain’s Ambassador to Zimbabwe, Catriona Laing, has reportedly said her country is willing to help Zimbabwe regain its breadbasket status, as the UK launched a $72m Livelihoods and Food Security Programme in that country. According to Zimbabwe’s daily newspaper, The Herald, the programme, initiated by Britain’s Department of International Development (DFID), would help reduce poverty […]
South Africa has lost R700 billion to corruption
South Africa has lost R700 billion to corruption over the last 20 years, the Institute of Internal Auditors said on Wednesday. “The cost of corruption in the last 20 years… we have lost R700bn,” CEO Claudelle von Eck said at the launch of the Anti-Intimidation and Ethical Practices Forum in Johannesburg. Von Eck, who is […]
