Co. to fund 99% acquisition through cash payment of 825m shillings, issue of new shares worth 550m shillings, Nairobi-based British-American Investments Co. says in statement in Daily Nation newspaper. * Co. has units in Tanzania, Malawi, Mozambique
Zambia’s Lusaka Stock Exchange said it will consider buying a stake in Zamace Ltd., the sole agricultural commodities bourse in Africa’s largest copper producer, as the markets talk about areas of cooperation.
Former Malawian Justice Minister Ralph Kasambara is scheduled to appear in court tomorrow to face charges of attempting to murder a former budget director who was investigating corruption among government officials.
Malawi’s trial of former Justice Minister Ralph Kasambara was adjourned after a High Court judge recused herself following allegations from defense lawyers that she was under pressure from unidentified individuals.
Ethiopian Airlines Enterprise said it will locate its fourth hub in the Democratic Republic of Congo as Africa’s No. 2 carrier seeks to tap Chinese economic links and fill long-haul flights to destinations such as Brazil.
Malawi’s “Cashgate” scandal is threatening President Joyce Banda’s chances of winning elections in May, as the state battles to pay its bills following aid cuts and public anger over official corruption mounts.
A record global grain harvest has done nothing to help Jailos Kamuloni feed his family in Malawi, where costs have skyrocketed for the corn flour used to make the thick nsima porridge that people eat at almost every meal.
South African Airways is in talks to buy a stake in Senegal Airlines as the continent’s biggest carrier seeks to counter expansion strategies at competitors Ethiopian Airlines Enterprise and Kenya Airways Ltd.