Africa

Mining giant Anglo American has agreed to acquire the Oppenheimer family’s 40 per cent interest in De Beers for US$5.1 billion, taking its own stake up to 85 per cent.

Tullow Oil has agreed new production sharing contract (PSC) arrangements with the government of Mauritania and its joint venture partners, allowing it to progress exploration in the country.

Tullow said the deal would enable it to progress the appraisal and development of existing discoveries and pursue exploration in a new contract area covering 10,725 square kilometres, with Tullow as operator.

Sub-Saharan Africa holds some of the world’s biggest hydrocarbon opportunities. Warwick Blyth, executive director of the South African Oil and Gas Alliance (SAOGA) tells Jayne Flannery why South Africa offers the perfect local base for a fast-expanding hub of activity.

Against a background of accounts that Iran is oil-rich but petrol-poor, Alan Swaby looks at Tanzania, which is gas-rich and electricity-poor.

It’s all very well wanting to be green with a sustainable energy policy; but if nature doesn’t play ball, then as the Scottish poet Robert Burns tells us: the best laid plans of mice and men oft go astray.

South Africa’s Steinhoff International is to swap several of its industrial assets for a bigger stake in manufacturer KAP International in a deal worth R8.9 billion.

Steinhoff will exchange PG Bison and Unitrans, along with its raw materials assets, for an increase in its shareholding in KAP from 34 per cent to 88 per cent, giving it control of the manufacturer.

There is huge potential for the spread of mobile and internet-based telecommunications services in Africa. Regional market leader Uganda Telecom Ltd is required to invest heavily in management, infrastructure and technology improvements to increase its share of the market.

The growth potential of Sub-Saharan Africa may be enormous, but unlocking it requires a sound grasp of a very different set of business drivers and challenges. Johan Van Zyl, manufacturing director of Kraft Foods Sub-Saharan Africa, talks to Jane Alverca.

While the West remains mired in gloom and recession, Africa’s economic star is rising. The World Bank and the IMF concur that the continent will play host to some of the world’s fastest growing economies over the next decade, driven by Africa’s immense mineral and natural resource wealth.

Sam Howard speaks to Willie Wood, senior sustainable horticulture manager at CFL to find out how partnerships with producers and growers worldwide are impacting the products found on UK supermarket shelves.

Part of the AG Thames group of companies, Chingford Fruit Limited (CFL) was founded in 1966. Over the last forty four years AG Thames has continued to grow through the acquisition of companies within key areas of its business. The group now employs 480 people with offices in South Africa, Italy, Spain, New Zealand and Chile.

Ghandour Cosmetics is bringing glamour to Ghana and beyond. Founder Tanal Ghandour, who acts as managing director, talks to Jayne Alverca about the impact the company is making on African markets.

For the past 30 years, South African snack food manufacturer Frimax Foods has been using its local knowledge to provide innovative products to consumers across the country and beyond. Jane McCallion finds out the key to success for this family-run business.