Market News

 French cement maker Lafarge will combine its South Africa business with publicly traded Nigerian unit Lafarge Wapco, its country CEO said. Guillaume Roux said the deal, worth 1.35 billion dollars, will see the Lafarge group get 200 million dollars in cash and 1.4 billion new shares in Lafarge . . .

 It is high time Indian exporters and investors turned their attention to the five countries in the East African Community, which is surging ahead with reforms and has become the second fastest economic bloc in the world The realisation of a large regional economic bloc with a combined populat . . .

 The company aims to add 1 billion new customers by 2020, so as to double its existing user base. The majority of the growth is expected to come from emerging nations like Asia, Africa, and Latin America. We believe Africa will play a pivotal role in L’Oreal’s expansion plan. The Mi . . .

 Investment Corp of Dubai has agreed to buy a 300 million dollar stake in Dangote Cement. The state fund, Investment Corp of Dubai (ICD), which holds stakes in some of the emirate's top firms, has agreed to buy the stake in top Nigerian cement producer, a spokesman for Dangote said on Monday. . . .

Africa’s Transnet and Chinese manufacturer CSR Zhuzhou Electric Locomotive (CSR) signed a Memorandum of Understanding (MoU). This was part of South African president Jacob Zuma’s state visit to assist trade between the two countries.   “Today’s MoU paves the way for Tr . . .