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MTN Seeking to Acquire Visafone

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-MTN Group, Africa’s largest telecoms firm is seeking to buy Visafone Communications to boost its market share in Nigeria, a Reuters report on Friday quoted… Read more »

Oando Energy Resources Says 2014 Reserves Increased Significantly

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Oil and gas exploration and production company in Nigeria, Oando Energy Resources Inc; (OER) said on Thursday that its 2014 year-end summary reserves and resources… Read more »

LafargeHolcim Names Eric Olsen CEO after Merger

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)- Top two (2) world Cement producers, Lafarge and Holcim said on Thursday they have appointed Eric Olsen future chief executive officer (CEO) of LafargeHolcim… Read more »

Dangote, Saipem Announce Joint Venture In Central And West Africa

April 1, 20105/The Will Africa’s leading indigenous conglomerate, Dangote Industries Limited, has announced a multi-million dollar Joint Venture Agreement with Saipem, the Italian engineering and construction giants. The agreement has… Read more »

MTN Shares Gain Most in Five Years After Peaceful Nigerian Vote

April 1, 2015/Bloomberg MTN Group Ltd., Africa’s biggest wireless operator, increased the most in almost five years after former military ruler Muhammadu Buhari won a largely peaceful vote in Nigeria,… Read more »

Citigroup planning to sell Prime Re – Bloomberg

Wed Apr 1, 2015/Reuters Citigroup Inc (C.N) is planning to sell Prime Reinsurance Co, a unit created five years ago when the bank spun off its life insurance business, Primerica… Read more »

Barclays Africa CEO’s Pay Drops After Introduction of U.K. Rules

April 1, 2015/Bloomberg Barclays Africa Group Ltd. decreased Chief Executive Officer Maria Ramos’s pay by 0.3 percent after South Africa’s third-largest lender conformed with U.K. regulatory requirements on compensation. Ramos,… Read more »

Lafarge, Holcim Secure Merger Approval from Competition Commission of India

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Top two (2) world Cement producers, Lafarge and Holcim said on Wednesday they have received clearance from the Competition Commission of India (CCI) for their… Read more »

Holcim Divest 27.5% Minority Stake in Siam City Cement Company

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE) – Holcim Ltd, one of the world’s leading suppliers of cement and aggregates said on Monday it has divested 27.5 percent of its minority… Read more »

Russia’s Galchev rejects terms of Holcim/Lafarge merger: newspaper

Sun Mar 29, 2015/Reuters Russian businessman Filaret Galchev, who owns a 10.8 percent stake in Switzerland’s Holcim (HOLN.VX) via Eurocement Holding AG, has rejected the takeover offer that France’s Lafarge… Read more »