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Archive for February, 2009

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OCIC/Sonatrach Hold Ceremony for Sorfert Algeria

Friday, February 27th, 2009

Orascom Construction Industries (OCI) announced today that its management team attended a formal ceremony for the signing of the detailed gas supply agreement for Sorfert Algeria with the Algerian state-owned oil & gas company Sonatrach.

The Egyptian Company for Mobile Services [Mobinil] Year-end 2008 Earnings Release

Tuesday, February 24th, 2009

The Egyptian Company for Mobile Services (Mobinil), continues to lead mobile telecommunications in the Egyptian market with 20.115 million subscribers; 4.998 million net additions; revenue growth of 21%; EBITDA growth of 27% and consolidated net income growth of 8% over 2007.

SABMiller joint venture makes China acquisitions in Anhui, Liaoning and Zhejiang Provinces

Monday, February 23rd, 2009

China Resources Snow Breweries Limited (”CR Snow”), SABMiller’s joint venture in China with China Resources Enterprise, Limited (”CRE”), has announced that it has agreed to acquire three breweries in Anhui, Liaoning and Zhejiang provinces in three separate transactions. 

SABMiller announces acquisition of a 71% interest in Romanian brewer

Monday, February 23rd, 2009

SABMiller plc announces that its Romanian subsidiary, Ursus Breweries, has acquired a 71% interest in the Romanian brewer Bere Azuga.

Ghana Commercial Bank GCB Opens 149th Branch in Elmina

Monday, February 23rd, 2009

The General Manager of Retail Banking of the Ghana Commercial Bank Limited (GCB), Ms Joyce Atta-Krah, says the Bank has repositioned itself to assuage the hyper-competition in the banking industry.

Standard Bank scoops Euromoney awards

Monday, February 23rd, 2009

Standard Bank has been recognised for its involvement in some of the biggest projects in Africa in 2008 after being awarded three Euromoney Projects Finance awards.

BHP Billiton Results for the Half-year ended 31 December 2008

Sunday, February 22nd, 2009

Commentary on the Group Results:
The results released today represent a robust operating and financial performance achieved in an environment that deteriorated significantly during the period, particularly over the last quarter.

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