VENTURES AFRICA – It is 9:58 am on a Tuesday morning. A group of shoppers wait anxiously for South African chain Woolworths to open at 10:00 am. Two of the irritated shoppers, Andre and Alicia, originally from Portugal, live in a $5000 per month condo, situated on the third floor of this commercial center. Not [...]

VENTURES AFRICA – London based private company Actis, has emerged as a potential bidder for Adcock Ingram, South African pharmaceutical company, according to reports. Business Day(SA) quoted an undisclosed as saying: “I have heard from people in the market that a private equity firm is bidding. This bidder is Actis.” The company is known for [...]

VENTURES AFRICA – Ahmad Julfar, CEO of Etisalat, UAE’s biggest telecom operator, has said he is still awaiting Vivendi’s decision on its offer for 53 percent of the French telecoms giant’s shareholding in Morocco’s Maroc Telecom. Earlier this year, the Abu Dhabi state-owned Etisalat, said it had organised an $8 billion “dual-tranche” credit facility to [...]

VENTURES AFRICA- Dangote Group’s president , Alhaji Aliko Dangote, has pledged to invest over $600 million in the production of sugarcane in Kwara, Kebbi and Sokoto states of Nigeria. The business mogul said this on Tuesday during a courtesy visit to Kwara Governor Abdulfatah Ahmed at the Government House in Ilorin. Dangote sugar is targeting [...]