Discovery Ltd has agreed to buy banking group FirstRand’s 25.01 percent stake in a financial joint venture for $120 million, paving the way for the South African insurer to launch its own bank later this year. Discovery, which offers health, life and car insurance, was granted a South African banking licence last year, but only…
Kenya has secured a deal to export agricultural products to Britain after it leaves the European Union. Visiting British Prime Minister Theresa May said on Thursday on a visit to Nairobi that her government looks forward to increased trade with non-EU nations as a Brexit selling point. Ms May was speaking on the third stop…
Independent investment firm RisCura has released its latest report on investing in Africa,Bright Africa 2018, which highlights that Africa’s consumer and business spending is expected to reach $6.7 trillion by 2030. The report segments Africa into nine meaningful markets, or regions, by analysing cultural connections, interconnectivity through trade blocs, the sharing of expertise, good business…
Chinese energy firm TBEA will invest in a 180 million euro ($209 million) hydropower project in Gabon alongside the West African country’s sovereign wealth fund, a Gabonese official said on Saturday. Construction will begin “pretty soon” on the project, which will have a power generation capacity of 70 megawatts in the first phase, Liban Soleman,…
Chinese energy firm TBEA will invest in a 180 million euro ($209 million) hydropower project in Gabon alongside the West African country’s sovereign wealth fund, a Gabonese official said on Saturday. Construction will begin “pretty soon” on the project, which will have a power generation capacity of 70 megawatts in the first phase, Liban Soleman,…