Business News

Dangote to sell N200b shares in block divestment

August 16, 2017/The Nation Taofik Salako Dangote Industries Limited (DIL), the majority core investor in Dangote Cement Plc, plans to sell shares valued at more than N200 billion in a partial divestment that will widen the float for Dangote Cement. DIL is owned by Africa’s richest man, Alhaji Aliko Dangote, […]

New Angolan beverage plant approved for development

August 15, 2017/Quantum Global Group UTIP investment agreement signed for Grupo Sun Ocean Lda. -a company formed by Sun Ocean Holdings Ltd., a local partner with extensive experience in the Angolan market, Envasadora de Bata S.A. (Embasa) to be financed by QG African Infrastructure 1 LP Grupo Sun Ocean Lda. […]

LUX implements 100% renewable energy production project on Ile des Deux Cocos property

August 14, 2017/Aera Group LUX* Resorts & Hotels has implemented 130 solar panels and batteries to fully substitute diesel-based power generation for the needs of Ile des Deux Cocos, off-grid South-East Mauritius (www.IleDesDeuxCocos.com/fr). The 20kWp project’s state-of-the-art design and storage solution will allow for 11 hours of utilization daily and […]