India's state-run Corporation Bank plans to increase its overseas presence by opening branches in several southern African countries, the Hindu Business Line newspaper reported. The bank is exploring the possibility of opening branches in countries such as Kenya, Zambia and Botswana, the bank's chairman and manging director, Ramnath Pradeep, was quoted as saying. Corporation Bank, in which the Indian government owns a 57% stake, operates some 1,255 branches. |
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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