Glencore Secures $300 Million Guinea Bauxite Deal with Eye on Alumina Refinery
Glencore has secured marketing rights for 60 million tonnes of Guinean bauxite in a $300 million deal that could lead to the development of a local alumina refinery.
Category: Companies
SanlamAllianz Completes Moroccan Merger to Solidify African Insurance Dominance
SanlamAllianz has completed its integration in Morocco, finalising a multi-year consolidation effort to create the undisputed leader in Africa’s insurance market across 27 nations.
Zedcrest Group Consolidates Financial Ecosystem to Drive African Capital Growth
Zedcrest Group is restructuring its operations to create a seamless financial ecosystem, aiming to bridge capital gaps across Nigeria and the broader African market.
Air Tanzania Suspends Moscow Flights Over Russian Airspace Safety Risks
Air Tanzania has temporarily suspended its services between Dar es Salaam and Moscow following a risk assessment regarding the safety of operating conditions in Russian airspace.
Kenyatta and Ndegwa families gain $166m in NCBA sale to Nedbank
The Kenyatta and Ndegwa families have gained $166 million since agreeing to sell their NCBA stake to Nedbank, driven by a 9.5% rise in the South African bank’s shares.