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Ventures Africa

Merkel Announced to Prioritize Africa in G20 Presidency

Merkel Announced to Prioritize Africa in G20 Presidency

The German chancellor said that she will prioritize Africa for Germany's G20 presidency next year. She reiterated that she want to strenghten private investment in Africa and urge other companies to invest in Africa.

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European Union

Djibouti receives $11 million grant from the European Union

Djibouti has received $11 million grant from the European Union to help the country in looking for ways to solve the current problem in potable water and its scarcity of supply.

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Nam Mokwunye

PublicVine receives $5 mln investment

Nam Mokwunye's PublicVine, video marketplace startup allowing sellers and buyers alike to acquire videos has received $5 million funding round in time for the company to launch globally on June 6 this year.

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petrobas

Brazil's Petrobas to sell its assets in Nigeria

Petrobas, the top oil producer of Brazil, has been looking for potential buyers to acquire its assets in Nigeria valued $5 billion as the company plans for divestment of international assets.

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Seven Energy

Seven Energy International Limited receives $225 mln equity capital

Seven Energy International Limited has received $225 million equity capital from investors including Singapore's Temasek, IFC and the IFC ALAC Fund to be used for corporate affairs and boosting dometic energy markets in Nigeria.

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Seplat Petroleum Development Co

Seplat: To end gas flaring in Nigeria in 5 years

Oil and gas producer Seplat, the first publicly listed oil and gas firm in the Nigerian bourse, said that it would end its gas flaring activities in the country by September and expects that the practice would be halted in the country by 2020.

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CFAO Motors

CFAO Auto Group looks at entering the Nigerian car manufacturing market

CFAO Auto Group has been looking at the potential car market in Nigeria following other multinational companies including Toyota, Nissan and Kia's entrance to the country through local partnership with distributors for car assembly and production.

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Carlyle Group LP

Carlyle invests in sub-Saharan African region valued USD698

US-listed fund manager Carlyle has invested USD698 million to the sub-Saharan Africa region aiming to focus in the consumer, transport, ICT and financial sectors and adding to J&J Africa, its current investment in the country.

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Didier Drogba

Didier Drogba partners with French clothing brand HOM for underwear line to be launched in May

International soccer star Didier Drogba has partnered with HOM to launch his clothing brand in May, a French clothing brand for men, reported Ventures Africa.

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Google Inc

Google Inc. acquires Titan Aerospace, financial terms undisclosed

Google Inc. has acquired Titan Aerospace without disclosing financial information regarding the deal, reported Ventures Africa.

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Britam

Sources: Kenya's Britam to acquire 30 percent stake in Continetal Re Kenya Ltd

Kenya's Britam would acquire 30 percent stake in Continetal Re Kenya Ltd in a deal valued USD3.5 million, reported Ventures Africa.

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Naguib Sawiris

Egyptian mogul Naguib Sawiris eyes a stake in Telecom Italia

Naguib Sawiris has been looking at a potential investment in Telecom Italia, his latest attempt after failing to get hold of stake two years ago, reported Ventures Africa.

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Steinhoff

German newspaper reports Steinhoff to go public with European listing

A German newspaper reported that furniture and household appliances magnate Steinhoff would debut on Frankfurt, Germany through an IPO later this year.

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Glencore Xstrata

Glencore Xstrata sells Peru copper mine to consortium led by China MinMetals

Glencore Xstrata sold its Peru copper mine to consortium led by China MinMetals in an all cash deal valued USD5.8 billion, reported Ventures Africa.

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BNP Paribas

BNP Paribas acquires South Africa's RCS

BNP Paribas has acquired RCS in a deal valued USD250 million, reported Ventures Africa.

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