Egyptian private equity firm Citadel Capital has completed a USD 70mn capital increase for its platform company which plans to reactivate a railway line connecting Kenya and Uganda, Ahram Online reported. The platform company, Africa Railways, will reportedly use the proceeds to fund Portfolio Company Rift Valley Railways (RVR), which has a 25-year concession to operate a century-old railway linking the port of Mombasa in Kenya to the Ugandan capital Kampala. The participants were private equity fund IFC African, Dutch development bank FMO, Germany's development finance bank DEG, the Investment and Support Fund for Businesses in Africa (FISEA) and the International Finance Corp (IFC). |
South African company Exxaro Resources said one of the options it currently considers is dismissing striking coal mine workers who fail to return to work in the week of March 25, fin24 reported ... more
South Africas telecommunication operator Telkom said that it has not made a decision on retrenching 13,000 employees, or more than half of its staff, TechCentral reported quoting a company ... more
Oryx Energies, a major independent provider of oil and gas products and services in Africa, has agreed to buy the South African liquefied petroleum gas (LPG) distribution businesses of BP and ... more