BusinessCompanies

Tue,06Dec2016

Companies

Puma Energy enters Ghana's fuel storage, retail market

Global mid and downstream petroleum company, Puma Energy, has entered Ghana's fuel and storage markets after entering into partnerships with two local firms.

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Old Mutual to split up, asset management sale eyed

Photo©ReutersAnglo-South African financial services group Old Mutual Plc said on Friday it would split up into its four main businesses, strengthening expectations of the sale or listing of its UK asset management arm.

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Old Mutual considering options for strategic review

File photo©ReutersOld Mutual, an Anglo-South African financial services company, said on Monday it was considering all options as part of a strategic review it announced in November, but that it had not yet made any decision.

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Insurance: South Africa's insurer MMI moots exit from some African markets

South Africa's No.3 insurer MMI Holdings could exit some markets elsewhere in Africa, its spokeswoman said on Friday, the latest company to scale back on the continent once at the heart of executives' expansion plans.

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Ecobank Ghana boss to head regional operations

Samuel Ashitey Adjei, Ecobank Transnational Incorporated's new managing director for the newly created division comprising of subsidiaries in central, eastern and southern AfricaEcobank Transnational Incorporated has appointed the current head of its Ghana operations as the new managing director for the newly created division comprising of subsidiaries in central, eastern and southern Africa.

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Finance: Fitch sees Brazil, Middle East/Africa region vulnerable to 2016 downgrades

Emerging markets face another wave of ratings downgrades next year, with Brazil at risk of a cut to junk and the Africa/Middle East region potentially given a 'negative outlook', Fitch Ratings' top sovereign analyst said in an interview.

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Agribusiness: Tanzania waits for sweet salvation

Photo©Noor KhamisThe government's partnership with Swedish company EcoEnergy was touted as a flagship for foreign investment. NGOs say it is a land grab. Caught in the middle for the past four years are the farmers due compensation.

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