Business News

Transformation Strategy: Union Dicon Signs HOA with PNG Gas, to Acquire Rice Farming operations

In a continuation of its strategic plan to becoming a fully integrated Agro Industrial National champion, Union Dicon Salt has signed a Heads of Agreement with PNG Gas in Delta State to supply gas to its proposed starch processing plant in Umutu in Delta State. Furthermore, it is in final […]

Vantage Mezzanine Fund III invests ($13.7 million in 100% Black-Owned Investment HoldCo New GX

July 11, 2016/Vantage Capital Group Vantage Capital, Africa’s largest mezzanine fund manager, announced today that it has provided a R200 million ($13.7 million) expansion capital facility to New GX Capital, a 100% black and family owned investment company. The funds will be used to finance additional investments as New GX […]

African Risk Capacity Insurance Names Dolika Banda, Former IFC Director CEO

July 11, 2016/ARC Ltd The African Risk Capacity Insurance Company Limited (ARC Ltd) has announced the appointment of former IFC Director Ms Dolika Banda as Chief Executive Officer, effective from 7 September 2016. She will take the reins from Dr Simon Young, who was appointed CEO in 2014 after playing […]