Africa

Amphenol Corporation to purchase GE's Advanced Sensors Business for USD318 million

Amphenol Corporation entered into a definitive agreement to acquire the Advanced Sensors business of GE for USD318 million, which will be subject to closing conditions and regulatory approvals.

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B2Gold Corp signs arrangement agreement with Volta Resources

Vancouver-based gold producer B2Gold Corp said it signed a definitive agreement with Canadian resource company Volta Resources Inc for the business combination of the two companies.

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Woolworths closes Nigerian stores

Due to high costs of operations and low returns, Woolworths opts to close down stores in Nigeria.

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Vimpelcom's third quarter earnings affected by regulatory pressures and fee mandates

Vimpelcom's third quarter earnings affected by African and Asian regulations as well as Italy's fee charging ceiling for use of competitor networks.

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Ford Motor Corp set to expand fifth unit for Middle Eastern and African markets

The fifth global business unit for Ford serving the Middle East and African regions would be headquartered at Dubai, in the UAE.

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Henkel of Germany seeks EUR10 billion in sales by 2016

Germany's Henkel had made plans to increase sales in MENA for the next few years.

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India's businesses invest in high risk countries for high rewards

Countries such as Libya, Syria and Afghanistan as well as African countries such as Mozambique have become prime targets for Indian investments.

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US private equity firms' newest playground is in Africa - report

Several top private equity firms had expressed in a convention that Africa would be seeing an influx of investments in the near future.

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Arabtec forms venture with Samsung Engineering Co.

The new joint venture to participate in projects in the Middle East and Africa comprised of Arabtec and Samsung Engineering Co.

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HSBC appoints new personnel to address regional growth

New appointments to HSBC Holdings management staff were recently announced to respond to the recovery in the region's financial markets.

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AT&T provides IP VPN services to Africa and the Middle East

AT&T, with its hub in Dubai, has offered IP virtual private network services to multinationals doing business in the Gulf region and in Africa.

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Tata Capital plans USD300 million Africa private equity fund

Tata Capital had been planning to launch a private equity fund in the African region.

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Cairn Energy assures exploration in Africa and Ireland have more chances of success

Cairn Energy said its planned explorations in Northwest Africa and Ireland yielded up to 25% chance of success compared to its exploratory project in Greenland.

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Apple wins South African tablet race, Samsung close second

Researchers said that Apple led the South African tablet industry while Samsung trailed at second.

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Alexander Forbes sees opportunity in Africa

Alexander Forbes stated in its latest annual report that it is mulling further expansion in African countries.

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