Ghana secures US$23.8 million for rehabilitation of Dome-Kitase Road Project.

Ghana secures US$23.8 million for rehabilitation of Dome-Kitase Road Project.

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GHANA – The Ghanaian government has secured US$ 23.03 million (7 seven million Kuwaiti Dinars) loan from the Kuwait Fund for Arab Economic Development to finance the rehabilitation of Dome-Kitase Road Project. The Ghanaian government was represented by Mr Ken Ofori-Atta, the…

Lafarge Africa approves the sale of its South African subsidiary for US$316 million

Lafarge Africa approves the sale of its South African subsidiary for US$316 million

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NIGERIA – Lafarge Africa Plc, a pan African cement manufacturer headquartered in Nigeria is set to offload Lafarge South Africa Holding Limited (LSAH)to LafargeHolcim Group for the sum of US$316.2 million. This follows the shareholder’s approval of the proposed sale of the…

Competition authority approves Cemtech’s acquisition by Simba Cement Limited

Competition authority approves Cemtech’s acquisition by Simba Cement Limited

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KENYA – The Competition Authority of Kenya (CAK) has approved the acquisition of Cemtech Limited a Kenyan cement business by Simba Cement Limited in a move that is set revamp the factories operations after several failed attempts to start operations. The regulator…

Actis partners India’s Shapoorji in US$120m middle-income housing plan

Actis partners India’s Shapoorji in US$120m middle-income housing plan

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KENYA – The UK based private equity fund, Actis has partnered Indian real estate developer, Shapoorji Pallonji to develop US$120.42 million (SH12 billion) middle-income housing in Kenya. In addition to Kenya, the joint venture formed between the two companies will involve development…

African Infrastructure Investment Managers (AIIM) appoints Wanjiku Mugane as Senior Advisor in Kenya

African Infrastructure Investment Managers (AIIM) appoints Wanjiku Mugane as Senior Advisor in Kenya

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KENYA – African Infrastructure Investment Managers (AIIM), a private equity that develops and manages funds in African infrastructure projects has appointed Wanjiku Mugane as Senior Advisor in Kenya. The Kenya-born Mugane will be based in Nairobi Kenya, working hand in hand with…