Africa Logistics Properties |

Petronas Unit Said to Hold Talks With Shell Operator in Africa

JOHANNESBURG (Capital Markets in Africa) – Petroliam Nasional Bhd’s South African unit, Engen, is in talks with Vivo Energy Holding BV to combine some of their African fuel-retail assets, according to two people familiar with the matter. The deal would be worth as much as 3.5 billion rand ($256 million), or about 20 percent of Engen’s equity value, said the people, who asked not to be identified as the negotiations are ongoing. Engen, which is 26…

Zimbabwe Plans a Green-Energy Fund to Boost Generation

Posted on by The Editorial Team

HARARE (Capital Markets in Africa) – Zimbabwe plans a green-energy fund to promote the use of renewables, with the initial aim of making up a 600 megawatt shortfall in electricity production. The southern African nation wants to generate at least 1,000 megawatts of power, or 16 percent of its total projected generation, through solar and other renewable energy systems by 2025, according to the energy ministry’s final draft of a policy document emailed to Bloomberg News. State-owned…

CDC and IFC Invest up to US$35m in Africa Logistics Properties

Posted on by The Editorial Team

LONDON (Capital Markets in Africa) – CDC Group, the UK’s development finance institution, and IFC, a member of the World Bank Group, will invest up to US$35 million in Africa Logistics Properties Holding (ALP), a developer and manager of modern grade-A warehousing, filling an important gap in logistics infrastructure in the region. The investment – US$25m from CDC and US$10m from IFC – will be used for ALP’s developments in Nairobi, Kenya, the trading hub…