Sawiris Takes Majority Control of OCI as Buyout Nears End
Sawiris OCI takeover: NNS Holding tops 55% of the Amsterdam-listed group as the €4.10-a-share offer, backed by the board, heads...
July 12, 2026Section
Business
Economic and Business News in Rio de Janeiro and Brazil
Congo Seals Glencore’s Mine Offices Over $3 Billion Claim
The Glencore Congo tax dispute: agents sealed Kamoto Copper's offices in Kolwezi over a claim of about $3 billion, while...
July 12, 2026
Burkina Faso’s Coris Bank Knocks on Cameroon’s Door
Coris Bank International has incorporated a Cameroonian subsidiary with CFA26 billion (€40M) in share capital in Douala, pending COBAC and...
July 12, 2026
South Africa Turns Off the Money Tap to 69 Municipalities
South African municipalities lost their July transfers: Treasury froze R13.5 billion across 69 councils, including R3.6 billion for Johannesburg.
July 12, 2026
Burkina Faso Lands $300 Million for Its Biggest Power Plant
A Burkina Faso power plant of 119 MW, the country’s biggest, reached financial close with $300 million from AFC, built...
July 12, 2026
Bladex and Santander Bankroll a $1.4bn Panama Bank Takeover
Bladex and Santander financed a Salvadoran group's 1.4-billion-dollar purchase of Panama's Banistmo, one of Central America's biggest bank deals in...
July 12, 2026
Nigeria to Get Sub-Saharan Africa’s Biggest Solar-Powered Steel Plant
Niger State grants 500 hectares to African Industries Group for sub-Saharan Africa's largest solar-powered steel plant. Costs and timeline remain...
July 11, 2026
Pick n Pay Sells More of Boxer as Family Era Fades
Pick n Pay sold 11.5% of Boxer for R4.7 billion ($290 million), funding a turnaround that has already cost the...
July 11, 2026
Tatu City, Kenya’s Largest Private City, Faces an Investor Showdown
Minority investors in Tatu City head to Mauritius court next month seeking leave for London arbitration over share dilution claims...
July 11, 2026