Archive for February, 2009« Previous Entries
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), 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.
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 plc announces that its Romanian subsidiary, Ursus Breweries, has acquired a 71% interest in the Romanian brewer Bere Azuga.
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 has been recognised for its involvement in some of the biggest projects in Africa in 2008 after being awarded three Euromoney Projects Finance awards.
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.