To receive this brief in your email every Monday, please subscribe here.
Week commencing 12 March 2018
Russia is pursuing military co-operation with Zimbabwe and looking at opportunities in the diamond sector. It is also fully implementing a $3bn joint platinum project which had stalled after a Russian consortium, including arms conglomerate Rostec, partnered a Zimbabwean group to develop the platinum operation near Harare in 2014. It has also signed agreements to establish a special economic zone for Russian firms to manufacture goods for export and to develop Zimbabwe’s agriculture.
Asosko Insight 9 March
Edible oil manufacturer Global Industries has invested $20m in a soya bean processing plant to double edible oil production capacity to 100,000 tonnes a day. The latest financing into the state-of-the-art soya bean processing machinery is an addition to a $14m investment made in 2016. The increase in production means Global Indsutries also be looking to increase its annual soya bean supply of 350,000 tonnes from small-scale farmers.
Zambia Daily Mail 7 March
US exploration equipment manufacturer FMC Technologies has received an order from Eni Angola to supply subsea production systems for its deep-water exploration development. The order is valued at $393m. Other partners in the joint venture are Angolan oil and gas companies Sonangol Pesquisa e Produção, SSI Fifteen and Falcon Oil Holding Angola SA.
Energy Key Facts 8 March
Nigeria’s power supply will receive a boost of up to €33m as part of the second phase of the Nigerian Energy Support Programme, championed by the European Union and German government. The project, which is expected to provide electricity to about 10,000 residents in five states, will help provide sustainable power supply to people in rural areas and complement government efforts to improve access to power through renewable energy.
The Guardian Nigeria 6 March
Krispy Kreme Doughnut Corporation has made inroads into the Nigerian food and beverage market with an investment of $7m. The expansion into Nigeria, which was facilitated by quick-service restaurant firm Quality Foods Africa, is expected to generate employment for 200 locals, with 20 new outlets expected to open over the next five years.
The Guardian Nigeria 8 March
Bermuda law firm Conyers Dill & Pearman has announced a management buy-out of Conyers’ Mauritius Business by three leading international business lawyers operating the firm’s Mauritius office. The firm will continue to service its clients in Mauritius through Venture Law and Venture Corporate Services.
Africa Global Funds 6 March