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 [...]

VENTURES AFRICA – Africa is working hard to identify quality-growth models that will increase competitiveness and employment, while reducing poverty. Concurrently, Africa’s burgeoning population and swelling consumer base has become an attractive market for regional and global companies. A particular focus under the leadership of Elsie Kanza, Head of Africa at the World Economic Forum [...]

VENTURES AFRICA – In a move likely to trigger another strike in the volatile Rustenburg’s platinum belt, the world’s biggest platinum producer, Anglo American Platinum (Amplats), on Wednesday said it will start the process of retrenching 6 000 mine workers by the end of this week. In January this year, Amplats said it planned to [...]