africa news

Rio Tinto increases offer for Riversdale Mining

Anglo-Australian mining giant Rio Tinto has increased its offer for Riversdale Mining to £2.5 billion (A$3.9 billion), after initially offering £2.2 billion earlier this month.<
Rio Tinto increases offer for Riversdale Mining

Ethiopia receives boost to power production

The African Development Bank has approved $232 million in loans and grants to Ethiopia to fund the expansion of the country's electricity grid.
Ethiopia receives boost to power production

First oil to flow in Ghana

The West African nation of Ghana is due to pump its first oil today following the discovery of the offshore Jubilee Field three years ago.
First oil to flow in Ghana

Steinhoff in talks to buy Conforama

Steinhoff International Holdings is in exclusive talks with France’s PPR to buy its Conforama furniture business for a cash sum of €1.2 billion.
Steinhoff in talks to buy Conforama

Rio Tinto in talks on Riversdale takeover

Anglo-Australian miner Rio Tinto has made a A$3.5 billion bid approach for Africa-focused Riversdale Mining, in a move likely to spark a bidding war.
Rio Tinto in talks on Riversdale takeover

Technip wins Sonatrach contract

France’s Technip has won a major contract from Algeria’s national oil company Sonatrach to refurbish and revamp its Algiers refinery.
Technip wins Sonatrach contract

ABB wins major Eskom contract

ABB has won an order worth $43 million from South African electric utility Eskom to supply equipment for a new thermal power plant being built in Mpumalanga, South Africa.
ABB wins major Eskom contract

Eskom secures government funding

Eskom, the South African electricity utility, is to receive additional government support for its 440 billion rand build programme.
Eskom secures government funding

Emerging markets boost SABMiller

SABMiller, the world’s second biggest brewer by volume, has reported a 13 per cent rise in interim profits.
Emerging markets boost SABMiller

BP sells Southern African assets

BP has announced the sale of its Southern African forecourt network to Puma Energy, a unit of international commodities trader Trafigura, for $296 million.
BP sells Southern African assets

Xstrata ups offer for Sphere

Anglo Swiss mining giant Xstrata has raised its cash offer to buy Australia’s Sphere Minerals by 20 per cent to A$514 million (approximately €365 million).
Xstrata ups offer for Sphere

Afren to expand in Nigeria

The Nigerian unit of Africa-focused oil and gas company Afren has agreed to buy a stake in oil fields in Nigeria from Royal Dutch Shell, Total and Eni.
Afren to expand in Nigeria

Xstrata approves R4.9 billion ferrochrome expansion

Mining giant Xstrata has said it will spend R4.9 billion (€510 million) to boost capacity of ferrochrome production and cut costs with a more energy-efficient smelter in South A
Xstrata approves R4.9 billion ferrochrome expansion

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