U.S. engine maker Cummins Inc is looking at opportunities to invest around USD 75mn in Africa over five years Reuters news agency reported. The funds would be invested in building engines used in sectors such as mining, power generation and oil and gas, the agency quoted the company's chief executive Tim Solso as saying. The possible countries where we might invest further are Egypt, Angola, Nigeria, Morocco and South Africa, the executive noted. Cummins already has operations in Nigeria and South Africa. In 2007, the U.S. corporation set up a joint-venture company, Cummins West Africa, in partnership with Nigerian company A.G. Leventis. |
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