Heineken NV may build a new brewery in Mexico as it wins back market share lost after its 2010 purchase of the nation’s second-largest brewer, said Marc Busain, the company’s top executive in the country.
Egypt must drop its objection to an Ethiopian dam on the main tributary of the Nile River or it may struggle to ensure adequate supplies from the world’s longest waterway, former U.S. Ambassador to Ethiopia David Shinn said.
CFC Stanbic Holdings Ltd., the Kenyan unit of Standard Bank Group Ltd., rose to the highest level in more than two years as Old Mutual Securities Ltd. said the stock was undervalued compared with peers.
Burundian President Pierre Nkurunziza promulgated a new media law that the Committee to Protect Journalists and Reporters Without Borders have said will restrict press freedoms in the East African nation.
World Bank President Jim Yong Kim said the lender’s $1 billion pledge to Africa’s Great Lakes region obliges countries including the Democratic Republic of Congo and Rwanda to adhere to a peace accord signed in February.
Tanzania plans to boost cargo volumes by 80 percent over the next two years at the Dar es Salaam Port by adding railway links and upgrading facilities to improve efficiency, Transport Minister Harrison Mwakyembe said.