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Week commencing 20 March 2017
Investors in the moribund Delta Steel Company, Ovwian-Aladja, now Premium Steel and Mines Ltd, have said the resuscitation of the complex would cost around $1.9bn. Investors from the US and Morocco recently carried out assessment of the facilities and said the $1.9bn would be used for equipment, renovations and other upgrades.
The Guardian 14 March
Making its fourth investment on behalf of the Fund for Agriculture Finance in Nigeria, Sahel Capital is teaming up with CardinalStone Capital Advisers to acquire an undisclosed stake in Crest Agro Products, an integrated cassava processor. The capital will be used to support the establishment of the company’s starch processing facility as well as help expand its farming activities.
Africa Capita Digest 12 March
The Commonwealth Development Corporation (CDC), the International Finance Corporation (IFC), Maris Capital and Mbuyu Capital Partners are jointly investing about $48m in Africa Logistic Properties, a newly established developer and manager of Grade A warehousing operating from Nairobi.
Liquid Africa 13 March
The Abu Dhabi Fund for Development (ADFD) has allocated a concessionary loan of $14.44m in Senegal’s National Road No. 2 project, which runs along the valley of the Senegal River.
Africa Global Funds 15 March
CMC Commercial Limited has been named a dealer and importer of IVECO vehicles in the country. The company has been authorised to offering the Italian brand within the medium, heavy and bus vehicle segments. CMC Commercial Ltd also offers preowned IVECO vehicles through the OK truck brand, approved by IVECO and certified division.
Daily News 16 March