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Archive for March, 2009

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Anglo American sells remaining 11.3% shareholding in AngloGold Ashanti

Wednesday, March 18th, 2009

Anglo American plc announces the sale of its remaining 11.3% shareholding (39,911,282 shares) in AngloGold Ashanti Limited (“AngloGold Ashanti”) to investment funds managed by Paulson & Co Inc for $32.00 per share in cash (the “transaction”), generating proceeds of $1.28 billion.

MTN Launches money transfer system

Wednesday, March 18th, 2009

MTN launched a money transfer system for unbanked customers in Africa and the Middle East, aiming to boost subscriber loyalty and entice new users.

Orascom Construction, Statement from the Chief Executive Officer – Nassef Sawiris

Monday, March 16th, 2009

During 2008, the world experienced unprecedented swings in commodity prices followed by a global economic crisis of substantial proportions. OCI is financially strong, committed to maintain a healthy and lightly leveraged balance sheet, and will continue its cash dividend distribution during 2009.

OCI Fertilizer Group Signs Agreement with Leading Brazilian Agri-Group

Monday, March 16th, 2009

Orascom Construction Industries (OCI) and FITCO Tradecom do Brazil Ltda, part of the Brazilian-based company Group Fertipar, have confirmed that they have entered into a strategic alliance through the signature of an agreement for the supply and import of granular urea fertilizers into Brazil.

Africa investor Financial Reporting Award Winners Recognised for Raising Awareness about African capital markets opportunities

Tuesday, March 10th, 2009

Paris, March 10, 2009: Africa investor (Ai), the pan-African investment group, has announced the highly acclaimed winners of its inaugural Africa investor Financial Reporting Awards held in association with NYSE Euronext at the Paris Stock Exchange.

SABMiller RUS targets strong beer segment

Monday, March 9th, 2009

SABMiller RUS started production of Amsterdam Navigator at Kaluga brewery, thus extending its portfolio with a new brand in “strong beer” category. SABMiller RUS announces about Amsterdam Navigator production start at Kaluga brewery and sales start in Russia.

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

Friday, March 6th, 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. 

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