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Commercial News from Africa
The biggest deals in Africa last year were sealed by Chinese and Indian investors in the energy sector.
Dubai’s logistics firm earmarks Africa for future growth. As an international logistics and courier firm the strategy of Dubai’s Aramex was centered around countries in the Middle East, from which its larger global competitors mostly stayed away. Aramex has set its sights on further growing in Africa, an immense market which boasts ditto growth potential but is still considered tricky at the same and until now has deterred most of the industry’s leading logistics firms with the exception of some like DHL. Aramex’s African franchise is one of the reasons behind the 8% rise in 2013 revenues. Africa now accounts for around 15% of the group’s topline, a level he sees rising to between 20% and 25% in the next three years as a result of the company’s expansion there.
Kumasi, South Ghana, amusement park project on course. Residents of Kumasi and the entire region would probably have something to cheer about sooner than later, as the construction of the Amusement and Entertainment Park at Danyame is fast taking shape. The project, which began a few months ago, is expected to be completed by December this year, as a Christmas gift to residents of the metropolis.