Baker Hughes, a GE Company Awarded Second Major Contract for Eni East Africa’s Coral South FLNG
Baker Hughes, a GE company (NYSE: BHGE) (www.BHGE.com) has announced a second major contract for Eni East Africa’s (EEA) Coral South FLNG development, offshore Mozambique, underlining the company’s position as the world’s first and only integrated fullstream provider of products, services and digital solutions that maximize productivity, efficiency and cost reduction. The contract was awarded […]
How to enter African markets
Many global companies want to set up or expand their operations in Africa to participate in the rapid growth that the region is enjoying. But Africa is fragmented and complex, underscoring the need for experienced guidance in selecting priority markets and designing how best to enter them. What is the size of the canvas you […]
Dangote Plans U.S.$4.6 Billion Investment in Farming Over 3 Years
Dangote Group Dangote Group is planning to invest a total sum of $4.6 billion in farming in Nigeria – $3.8 billion in sugar and rice and $800 million in dairy production, over the next three years as the company seeks to expand its operations in the country. Edwin Devakumar, Executive Director at Dangote’s Industries Unit, […]
China’s Foreign Policy Experiment in South Sudan
China’s longstanding principle of non-interference in other states’ internal affairs is evolving with its growing global footprint. As Chinese overseas investment and business links grow in scope and depth, Beijing faces increasing threats to its citizens, economic interests and international reputation. That, in turn, has confronted China with the inherent limitations of its traditional hands-off […]
6 bidders qualify for National Railways of Zimbabwe recapitalization?
SIX potential investors have been shortlisted for the National Railways of Zimbabwe (NRZ)’s $400 million recapitalisation tender that closed yesterday. The tendering process opened on May 5, 2017 and attracted more than 80 local and international bidders. The winning bidders are Sino Hydro, China Civil Engineering, Crowhat International (from Europe) Croax Private Ltd (South Africa), […]
NRZ, Russian firm discuss supply of 100 new wagons: $10m wagons deal
THE National Railways of Zimbabwe (NRZ) is in discussions with a Russian wagon manufacturer, Uniwagon, for the supply of 100 new wagons under a $10 million loan facility. Speaking in Parliament on Wednesday, Transport and Infrastructural Development Deputy Minister Engineer Michael Madanha said NRZ has already submitted its relevant documentation to the Russians pertaining the […]
Zimbabwe Finds Investment For ‘Disneyland in Africa’ – Report
In a development likely to get conservationists worried, Zimbabwe has signed an agreement with Chinese investors to develop its ‘Disneyland in Africa’ concept near the prime resort of Victoria Falls. Tourism Minister Walter Mzembi said the conference centre and theme park was part of a vision for a $5 billion tourism industry in Victoria Falls, […]
Uganda’s Museveni Cancels Multi-Billion Chinese Mining Deal Over Bribe
President Museveni has stopped a multi-billion copper mining project with a Chinese company at Kilembe Mines following information that a former minister pocketed a $1m bribe to influence the deal. The President also ordered investigations into allegations that top government officials, including a former minister, received millions of dollars in bribes to influence the award […]
It’s Time Africa Acted Over Its Wealth
That Africa needs to redress the huge gulf between its wealth and its poverty is a foregone conclusion. Statistics of outflows from Africa against inflows in everything from aid, foreign direct investment to remittances will boggle the mind. But you already know that. What Africa needs to do about it is another matter altogether. President […]
Potential investors inspect National Railways of Zimbabwe assets
A GROUP of 10 potential investors interested in the proposed $400 million National Railways of Zimbabwe (NRZ) recapitalisation project have conducted a four-day voluntary due diligence inspection of the parastatal’s assets. NRZ public relations manager Mr Nyasha Maravanyika said the voluntary tour by the group was a follow-up to the recapitalisation pre-bid conference held in […]
