Barclays Investment Bank appoints Davide Sala as MD for EMEA

EMEA – Barclays Investment Bank announced the appointment of Davide Sala as a Managing Director (MD) and Head of Industrials M&A for Europe, Middle East and Africa (EMEA), effective November 2021. Davide will report to Pier Luigi Colizzi, Head of Investment Banking, Continental Europe, and Co-Head of M&A, EMEA, and Omar Faruqui, Co-Head of M&A, EMEA. He will lead Barclays M&A client dialogue for European clients in the industrials sector, working closely with Asim Mullick and Richard Probert, Co-Heads of Industrials Investment Banking. “The Industrials sector is an important focus…

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Elsewedy Electric secures US$0.80m from HBD for establishment off Elsewedy Technical Academy

EGYPT – The Housing and Development Bank (HDB) has signed a cooperation protocol with Elsewedy Electric to be the main and only partner for establishing a third branch of Elsewedy Technical Academy (STA) in the Sadat Industrial Zone, with an investment of EGP12.5 million (US$0.80m). This partnership aims to qualify a strong generation of technical education graduates and provide them with the latest specialized curricula in addition to practical training. This helps them meet the actual needs of the labour market, thus contributing to dealing with unemployment, achieving social justice,…

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Montfort Group acquires oil storage terminal in Mozambique

MOZAMBIQUE – Following its recent acquisition of Kencor Petroleum Limited (Kencor) in Kenya, Montfort Group has now successfully completed the acquisition of equity in Matola Terminal de Armazenamento de Petróleos SA, a company that owns and operates an oil tanking storage Terminal in the Port of Matola, Mozambique. This acquisition falls in line with the company’s strategic expansion plans in the African continent. The Terminal, which Montfort will own, develop, and operate in close partnership with Energi Asia, has over 58,000m3 of clean product storage capacity. The Terminals’ state-of-the-art latest…

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Infrastructure investor Actis appoints Daulon du Laurens as Head of EMEA region

EMEA – Actis, a global sustainable infrastructure investor, has appointed Charles Daulon du Laurens as Head of EMEA within its Investor Development Group. Daulon du Laurens is based within continental Europe and he will lead fundraising and investor relations activities across Europe, the Middle East, and Africa. Daulon du Laurens will report to Neil Brown, global Head of the Investor Development Group. “We’re delighted to welcome Charles to Actis to engage our existing and prospective investor base across EMEA from within continental Europe,” Neil Brown, Head of the Investor Development…

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Asset manager STANLIB launches Pan Africa Debt Fund

SOUTH AFRICA – Asset manager STANLIB has launched a Pan Africa Debt Fund, which will allow investors to tap into the attractive dollar yields, geographic diversification and fast-growing economies presented by the African continent.  Johan Marnewick, Head of STANLIB’s Credit Alternatives, said: “We see tremendous value for our clients in the launch of a pan-Africa strategy. The Pan Africa Debt Fund will meet the longstanding demands of South African and international institutional investors for well-diversified and attractive exposure on the continent, packaged in a compelling vehicle. Our Fund will appeal…

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Airlink and Rolls-Royce sign TotalCare service agreement for the AE3007 engines

SOUTH AFRICA – Rolls-Royce and Airlink have signed a TotalCare service agreement for the AE3007 engines that power the South African airline’s fleet of Embraer ERJ135 aircraft. The agreement, which covers 28 aircraft, is an extension of service for a further 10 years, continuing the airline’s drive to maximize aircraft availability. Airlink CEO, Rodger Foster, said: “Airlink and Rolls-Royce have worked hand in hand since the introduction of the ERJ135 to our fleet in May 2001. We operate 28 ERJs with a pool of 64 AE3007-A1/3 engines. We are proud…

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Chinese ride hailing startup DiDi launches in Egypt, a month after South Africa

EGYPT – DiDi, a Chinese transportation technology platform, has officially launched its services in Middle East and will begin providing Waslny, Waslny Plus and Didi Express services in Egypt. The entry of the Chinese intelligent transport giant should increase competition in the Egyptian market, especially after the recent entry of the Russian application, InDriver, which limits control of Uber after the acquisition of Careem. “We are bringing a global experience and the best technology to ensure safety for our passengers and drivers,” Carina Smith-Allin, DiDi head of public relations and…

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AfDB approves US$137m loan for Botswana’s post-Covid-19 economic recovery

BOTSWANA – The Board of Directors of the African Development Bank Group (AfDB) has approved a US$137 million loan to support Botswana’s economic recovery from the Covid-19 pandemic. The funds, extended under the Bank Group’s Botswana Economic Recovery Support Program, will be used to enact multi-sector reforms that will increase spending efficiency, create jobs and drive inclusive growth. The project has three components: enhancing domestic resource mobilization and mitigating fiscal risks to enhance macroeconomic performance and create fiscal space for spending on social safety nets; supporting private sector-led agriculture and…

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Mobile operator Afriwave Telecom joins Smart Africa Alliance project

GHANA – Afriwave Telecom, a mobile operator, has joined the Smart Africa Alliance project by Smart Africa to unite Africa into a single digital market. Smart Africa is an alliance of 32 African countries, international organisations and global private sector players which aims to define Africa’s digital agenda. The alliance is empowered by a bold and innovative commitment by African Heads of State to accelerate sustainable socio-economic development on the continent and usher Africa into the knowledge economy through affordable access to broadband and the use of ICTs. The vision…

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