Sun May 17, 2015/Reuters Global miner Rio Tinto (RIO.L) (RIO.AX) plans to sell some of its aluminum assets in a potential $1 billion deal, the Financial Times reported, reviving a sale plan for its Pacific Aluminium unit two years after it was canceled. The Financial Times, citing “people aware of […]
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African Infrastructure Draws Old Mutual, Macquarie for New Fund
May 13, 2015/Bloomberg Old Mutual Plc is setting up a new fund for investments in African infrastructure including toll roads and power plants as part of a joint venture with Macquarie Group Ltd. The companies intend to “raise a new fund because the old fund is almost fully invested,” Paul […]
Tony Elumelu Meets President Obama to Develop African Entrepreneurship
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Tony Elumelu, renowned African Entrepreneur and philanthropist on Monday meet President Barack Obama to propose a new entrepreneur-led development model for Africa in Washington DC. Elumelu, Chairman of Africa’s global bank, United Bank for Africa Plc (UBA), and Founder, the Tony Elumelu Foundation, at a White House event hosted by United States […]
