VENTURES AFRICA – Egypt’s Central Bank late on Tuesday called on banks that have operations in the country to increase their cash reserves. It said will be in anticipation of cash shortages in the country as renewed anti-government protests on June 30 got ever closer. It is understood that Egyptians, from many of the country’s [...]

VENTURES AFRICA – South Africa inflation figure for May slowed to 5.6 percent from 5.9 percent on year-on-year increase in April, statistics SA (stats SA) showed on Wednesday. In March and April, the Consumer Price Inflation (CPI) was unchanged at 5.9 percent but analysts expect a rise in the coming months due to the pressure [...]

VENTURES AFRICA – Professional services firm, Akintola Williams Deloitte (AWD) has announced the formation of an integrated practice across Africa, with Nigeria playing a strategic role in its new growth strategy. As part of the integration, Deloitte has designated Nigeria as a “priority market”, CEO Deloitte Africa, Lwazi Bam said. He added that “As a [...]

VENTURES AFRICA – The Abraaj Group, a leading investor operating in growth markets, today announced its agreement to acquire a 100 percent stake in Fan Milk International (FMI), West Africa’s market leading manufacturer and distributor of frozen dairy products and juices. Commenting on the transaction, Arif Naqvi, Founder and Group Chief Executive of the Abraaj [...]