Tiger Brands Ltd. (TBS), South Africa’s largest food company, will write off about half of its investment in Dangote Flour Mills Plc (DANGFLOU) less than two years after buying a majority stake in the Nigeria-based producer. Tiger, which makes Jungle Oats and All Gold tomato sauce, will impair Dangote Flour’s […]

* Gross sales up 24 percent on constant currency basis * Sales in Africa up 27 percent excluding South Africa * U.S. asset management unit sees outflows of $3.6 bln * Shares down 1 pct having lately hit near 12-mth high (Adds detail, CEO comment, share reaction)   Anglo-South African […]

Julius Berger Nigeria plc, Nigeria’s largest construction company, plans to raise N7.5 billion in new capital as it seeks to boost operations in Africa’s largest economy. The company has authorised the directors “to raise additional capital of up to N7,500,000,000, through the issuance of any form of debt and/or equity […]