Category archives for: Investing

Sanlam expands East Africa footprint with Kenya acquisition

Sanlam East Africa

By MTHULISI SIBANDA JOHANNESBURG, (CAJ News) – THE South African-headquartered Sanlam Group has announced the acquisition of a major stake in PineBridge Investments East Africa Limited (PIEAL) in Kenya. An agreement has been reached between the subsidiary Sanlam Emerging Markets (SEM), with PineBridge Investments, a leading global multi-asset class asset manager. The transaction is subject […]

Satellite deal expands content across Africa

SENTECH

By TINTSWALO BALOYI JOHANNESBURG, (CAJ News) – SENTECH, a leading broadcasting signal distributor in Africa, has extended and expanded its relationship with Intelsat to bolster delivery of media services in sub-Saharan Africa. Intelsat is the operator of the world’s first Globalized Network, powered by its leading satellite backbone. Sentech has been leveraging Ku-band services from […]

Nigeria’s Dangote looks to increase cement exports

Dangote cement exports

OKORO CHINEDU LAGOS, (CAJ News) – NIGERIA has attained self-sufficiency in the production of cement and is now an exporter of the commodity. This has been attributed to the vast investments by the Dangote Cement Group Minister for Solid Minerals Development, Dr Kayode Fayemi, who led a team of the federal government to the Dangote […]

Markets anticipate further drop in Nigeria inflation

naira1000

From OKORO CHINEDU in Lagos, Nigeria LAGOS, (CAJ News) – ANALYSTS, buoyed by a rare reduction, have projected the Nigeria’s inflation rate to further drop in the short and long term. The forecasts follow the results the National Bureau of Statistics released earlier this week indicating the first decline in headline inflation for 13 months, […]

ExxonMobil to Acquire 25% in Mozambique’s Area 4

ExxonMobil

From ARIMANDO DOMINGUES in Maputo, Mozambique MAPUTO, (CAJ News) – ExxonMobil and Eni have signed a sale and purchase agreement to enable ExxonMobil acquire a 25 percent indirect interest in the natural gas-rich Area 4 block, offshore Mozambique. Eni currently holds a 50 percent indirect share in the block through a 71.4 percent stake in […]

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