Carlyle Group (CG.O) has agreed to buy South African tyre retailer Tiger Automotive from Ethos Private Equity, Ethos said on Wednesday, the U.S. buyout firm's first deal in Africa's most developed economy.
Three African economic blocs will merge into a new 27-nation free-trade zone under an agreement to be signed in Cairo next month, uniting markets worth 58 percent of the continent's economic activity, Egypt's industry and trade minister said.
Emerald-colored tea bushes blanketing the rolling hills of Nandi County have long provided a livelihood for small-scale farmers, helping make Kenya one of the world's biggest tea exporters.
Samsung Electronics expects high single-digit revenue growth in 2014, compared with the 50 to 60 percent annual expansion of the last few years, as the global economic malaise trickles down to the continent.
U.S. carmaker Ford is hesitant about investing further in its South African operation because of repeated production stoppages caused by strikes, its regional chief said on Thursday.
Kenya's Safaricom (SCOM.NR) and U.S. company MoneyGram International (MGI.O) have agreed a deal for money to be sent from abroad to Kenya through their money transfer services, targeting more than $1 billion sent in remittances every year.
Vietnam-based telecoms operator Viettel plans to invest $1 billion in a new third-generation (3G) mobile phone network in Tanzania, the office of the east African country's president said on Tuesday.
Somalia said it was reviewing several oil and gas deals that U.N. investigators say lack transparency and risk hindering development of the country's energy industry.
Tanzania has held talks with France's Total (TOTF.PA) and Britain's BP (BP.L) over oil and gas exploration, its energy ministry said on Saturday, aiming to add to major companies active in its thriving energy sector.
Egypt signed contracts with six international firms on Saturday to carry out dredging of the new Suez Canal, the flagship project in President Abdel Fattah al-Sisi's program to revive an economy battered by years of political turmoil.
Ivory Coast's national carrier Air Cote d'Ivoire is in discussions with Airbus (AIR.PA) and Canada's Bombardier Inc (BBDb.TO) to renew its existing fleet and provide new aircraft for a planned expansion, the company's chief executive said.
Tunisia lost about a third of its French tourist bookings to cancellation shortly after the beheading last month of a French traveler by Islamist militants in neighboring Algeria, the country's tourism minister said on Monday.
South Africa has signed a nuclear power agreement with France, the government said on Friday, three weeks after it reached a similar deal with Russia as part of Pretoria's first tentative steps towards building up to 9,600 MW of nuclear power.
When a guesthouse belonging to one of Nigeria's leading Christian pastors collapsed last month, killing 115 mostly South African pilgrims, attention focused on the multimillion-dollar "megachurches" that form a huge, untaxed sector of Africa's top economy.
Egypt has paid back $500 million to Qatar and will soon return the remainder of the money the Gulf state deposited into the Egyptian central bank after the 2011 revolution, the bank's governor said on Saturday.
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