To receive this brief in your email every Monday, please subscribe here.
Week commencing 13 May
Global petrochemical manufacturing group Occidental Petroleum will sell Anadarko Petroleum assets in four African nations to Total SA for $8.8bn. The assets that will be sold are in Algeria, Ghana, Mozambique and South Africa. Occidental is locked in a bidding war with Chevron to win control of Anadarko.
Bloomberg 5 May
Canada’s plane-and-train manufacturer Bombardier will sell its wing component plant in Morocco to a manufacturer that will continue to supply Bombardier after the sale. The successful bidder will be revealed in three weeks. Morocco is home to 140 aerospace component manufacturers.
Reuters 6 May
Moroccan-based private equity firm Mediterrania Capital Partners has sold its stake in independent money transfer company Cash Plus to Groupe Richbond, a Moroccan industrial and property conglomerate, for an undisclosed amount. Mediterrania focuses on growth investments for small and medium-sized enterprises in north African and sub-Saharan countries.
Liquid Africa 6 May
Norwegian offshore fishing, construction and engineering company Aker ASA expects Ghanaian authorities to approve a revised $4.4bn development plan for the offshore Pecan oilfield. The Pecan field will be run by Aker’s subsidiary, Aker Energy.
Reuters 10 May
Dutch impact investor DOB Equity has invested in clean drinking water distributor Jibu Tanzania for an undisclosed amount. The investment will support Jibu’s rapid growth of a franchise store concept in major cities in the country, starting from Arusha in Tanzania.
Liquid Africa 9 May