Portuguese construction firm Mota-Engil has outlined plans to invest US$36mn in Zambia in an attempt to expand its footprint into the southern African nation
Finance
Fusion acquires stake in Rusororo Aggregate
Fusion Capital has acquired a 46.5 per cent equity stake in Rwandan large scale aggregate mining company Rusororo Aggregate
Investec to invest in South African renewable sector
Specialist bank and asset manager Investec will invest US$813mn in South Africas Renewable Energy Independent Power Producer Procurement Programme
Copperbelt Energy to raise funds for African expansion
Copperbelt Energy, which supplies power to Glencore Xstrata and Vedanta Resources in Zambia, has revealed plans to raise US$150mn through loans to expand business in Africa and finance existing debt
Murray Roberts sells manufacturing unit
South African engineering and construction service provider Murray Roberts has announced the sale of its African construction products platform comprising the group’s manufacturing businesses for US$130.1mn