18 January 2017
Atta Financial Update
Executive summary for the week of 10-Jan-17 to 17-Jan-17 (week 3)
Mega deals in Africa.
Tanzania has signed a US$1 billion partnership agreement with a Chinese firm to commercialise cassava farming and processing, raising hopes to growers who have been grappling with the challenge of accessing reliable markets; and, the Ethiopian Roads Authority (ERA) has signed road construction agreement worth US$2.8 billion with domestic and foreign contractors to boost road construction projects in the country.
In Tanzania: the investment will include the establishment of an industrial park comprising of factories to produce cassava flour, cassava starch, animal feeds, organic fartilizer and paper pulp. The next phase will include production of industrial sugar and ethanol. While in Ethiopia, the 372 km road projects should be completed in a three- year time period, create 5,000 jobs, and need one-hundred million kg's of cement.
Promising to see 2017 begin with such significant projects.
Fact: To fix a typo on a plane ticket, a British man found it was cheaper to change his name and get a new passport than pay the airline’s name-change fee – he did it
African Private Equity News (PE)
African focused private equity funds
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Quantum Global to acquire the Mövenpick in Accra |
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Letshego to acquire afb Ghana |
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IFC looking at a €20 million (US$21.3m) loan to Bounty Brands |
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East African economic news (EAC)
BI, KE, RW, TZ, UG
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Tough going for small banks in Kenya at present |
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