China Media Capital, a state-backed investment fund, said it’s raising money from investors including WPP Plc, Time Warner Inc. and Softbank Corp. to invest in Chinese media and entertainment companies.
Vidrul SA, an Angolan glass bottlemaker controlled by Castel Group Ltd., may double revenue this year as beverage companies from China, Lebanon and South Africa start local factories to avoid customs tariffs.
Tullow Oil Plc, a U.K. explorer with most of its licenses in Africa, expects to find oil in Madagascar when it begins drilling in the south of the Indian Ocean island next year, a company official said.
Madagascar’s electoral court upheld Hery Rajaonarimampianina’s victory in last month’s presidential elections as his defeated rival urged regional leaders to investigate his claim that the vote was marred by fraud.
Madagascar takes a step toward returning to democracy and ending its international isolation as voters began casting ballots in the first presidential election since a 2009 military-backed coup stalled the economy.
Madagascar’s former Finance Minister Hery Rajaonarimampianina won the presidential run-off to replace his backer Andry Rajoelina, who came to power in a coup almost five years ago that crippled the economy.