BusinessCompanies

Sun,15Jul2018

Companies

General Electric top brass moves in

With his asset management background, Jay Ireland is keen to get hands-on with the financing side of deals/Photo©GEAs president and CEO of GE Africa, Jay Ireland is the first senior manager to be based on the continent. He says the company will grow by being flexible.

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Setting the standard for lending to African SMEs

Getting over traditional barriers like lack of credit history is critical to the scheme/Photo©ReutersSME Quick Loan provides up to $30,000 to small firms to be repaid over a maximum 12-month period.

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Ethiopia: Investors team up to construct largest steel factory

Ethiopian-Saudi investor, Sheikh Mohammed Al-Amoudi is this week expected to partner an Italian firm in the construction of a $764 million steel factory.

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Oil and Gas: East Africa’s race to get ready

New gas finds are happening almost monthly in the waters off Tanzania and Mozambique. In June, Statoil and ExxonMobil announced new finds in Tanzania’s Block 2, taking their resource estimates to 253bn m3/ Photo©HEINE MELLKEVIK - STATOILThe reserves already discovered will make East Africa one of the next gas frontiers. Companies are waiting for policymakers to determine priorities and incentives before they can settle on investment plans.

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Mortgages in Ghana: Snapping up an acre of Accra real estate

Banks and specialised financial institutions are rolling out new programmes such as lower-income mortgages in a move designed to increase home ownership in Accra, Ghana's capital.

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Zimbabwe police chief attacks foreigners after mining setback


Zimbabwe police commander Augustine Chihuri. Photo©ReutersZimbabwe police commander Augustine Chihuri has instructed his officers 'to defend the country from cunning foreigners' echoing President Robert Mugabe's often repeated claims that Harare is under siege from Western powers.

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The African business dealbook

A GEF fund will plough $160m into sustainable forestry. Photo © RAFAEL MARCHANTE / REUTERS The Africa Report takes a peek at high profile African business deals from the first half of 2012 spanning IPOs, investments, funds, mergers and acquisitions, bonds and exits. Below are the highlights.

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