Carlyle has raised $698 million for its dedicated Africa fund, nearly $200 million above its initial target.» Read More
JOHANNESBURG, April 9- South Africa's National Union of Mineworkers is winning back members on the platinum belt from rival AMCU and is poised to regain recognition status at one of Anglo American Platinum's mines, its general secretary said on Wednesday.
ABUJA, Nigeria— The chief of Nigeria's air force says it is buying new fighter jets and helicopters. The air force has been pivotal in an offensive to curb an Islamic uprising in the northeast with near-daily bombing raids on insurgent hideouts in forests and caves along the border with Cameroon.
Confectionary company Mars Inc said it would buy Procter& Gamble Co's pet food brands IAMS, Eukanuba and Natura in the United States and Latin America for $2.9 billion to beef up its pet food business. LONDON/ ATHENS- Bailed-out Greece is set to end its four-year exile from bond markets on Thursday with a five-year debt issue, three sources say.
LONDON, April 9- The United States has replaced OPEC as the marginal petroleum supplier to the world thanks to the shale revolution and improvements in automotive fuel efficiency. Net U.S. imports of crude and products have halved over the last five years, or by an amount equivalent to the entire daily crude exports of Saudi Arabia.
*NOC is Ethiopia's largest private marketer. ADDIS ABABA, April 9- Ethiopia's leading private oil marketer plans to expand into neighbouring east African economies and is interested in part financing a refinery after commercial discoveries in the region.
The Solar Impulse 2, unveiled to the world Wednesday at Switzerland's Payerne Air Force Base, is a bigger and better version of the single-seater prototype that first took flight five years ago. The original plane demonstrated that a solar-powered plane can fly through the night, hop from Europe to Africa and cross the width of the United States.
DAKAR, April 9- Small and medium-sized enterprises in Africa are crying out not just for financing but also management and operational expertise to enable them to grow a regional footprint, says private equity firm AFIG Funds.
"Debt at risk... is even higher now than in the period following the September 2008 collapse of Lehman Brothers, and it is well above pre-crisis levels in Asia and in emerging Europe, the Middle East, and Africa," the IMF said in its Global Financial Stability Report.
*Beats nil-premium merger proposal from Australia's Myer. SYDNEY, April 9- South African retailer Woolworths Holdings Ltd is set to buy struggling Australian department store operater David Jones for $2 billion after trumping an offer from Myer Holdings Ltd, it was announced on Wednesday.
DAKAR, April 9- South Africa should be able to snatch back the top spot in global ferrochrome production from China within five years thanks to cost-cutting, says one of Africa's biggest producers, International Ferro Metals.
LONDON, April 9- The World Health Organisation wants a "concerted effort" to drive down the cost of new hepatitis C drugs that offer a cure for the liver-destroying virus but are unaffordable for most infected people worldwide.
WARSAW, April 9- U.S. computing company Hewlett-Packard Co. will on Wednesday acknowledge "corrupt" activities in Poland, Polish Interior Minister Bartlomiej Sienkiewicz said. It's a breakthrough moment in Poland when a great international company acknowledges its corrupt activities in Poland, "Sienkiewicz told Polish public radio.
MELILLA, Spain— They perched atop a barbed-wire laced fence for more than seven hours, hands and feet bloodied, buffeted by chill winds whipping the cliffs of Africa's Mediterranean coast.
Miguel Azevedo, head of investment banking for Africa at Citi, says investors perceive the risks in Africa to be higher than they actually are.
WASHINGTON, April 9- Many public companies are on track to miss a May deadline for complying with new rules that require them to file disclosures that tell investors whether their products contain certain "conflict minerals" from a war-torn part of Africa, a new survey has found.
LUANDA, April 8- Angola's Banco BIC, backed by the billionaire daughter of the country's president and a Portuguese cork tycoon, plans to ramp up its branch network at home while also expanding overseas to operate in four continents, its chief executive said.
SHANGHAI/ HONG KONG, April 8- China's decision to partially relax mergers and acquisition rules in the insurance industry could see global insurance firms expand their footprint in the $288 billion market.
KINSHASA, April 8- Democratic Republic of Congo has improved its business environment but plans to raise mining taxes could deter investors in a country where massive infrastructure challenges remain, the CEO of a major foreign miner said.
*German equipment sales to Africa were 4.4 bln euros in 2013. HANOVER, Germany, April 8- German engineering firms should be more aggressive in selling equipment to fast-growing markets in Africa rather than leaving the field to Chinese, U.S., Italian and French rivals, trade group VDMA said.
*BancABC just acquired by Bob Diamond's Atlas Mara. JOHANNESBURG, April 8- BancABC, the Botswana lender that Bob Diamond's investment company Atlas Mara is seeking to take over, is lining up lines of credit worth $100- $300 million this year, its chief executive said.