|Kenyan private equity firm Centum Investment has invested USD 2mn into Nigerian private equity fund African Capital Alliance (ACA), the Business Daily Africa reported. We were looking for partners to work with in West Africa as per our geographical diversification strategy and ACA were good to co-invest with given their experience in that market, Centum's chief executive, James Mworia, was quoted as saying. Centum, the largest quoted investment company in east Africa, has a portfolio currently valued at over USD 140mn and consists broadly of investments in private equity, listed equity and real estate. The African Capital Alliance, founded in 1997, has raised over USD 600mn in funds to date.
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