Business, Morocco

Peugeot Chooses Morocco to Showcase its New 3008 DKR

Peugeot’s new 3008 DKR will get its first test of endurance and competitive action when it takes the start line at the Rallye du Maroc on October 2. Two-time WRC winner and former Dakar Rally champ Calros Sainz will take the wheel of this ferocious driving machine alongside co-driver Lucas Cruz. - Morocco World News

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Africa Economy, Business, East Africa

OPIC opens first office in East Africa

The Overseas Private Investment Corporation (OPIC), the US Government’s development finance institution, has announced the opening of its first-ever East Africa office, located in Nairobi, Kenya, with Suresh Samuel as Managing Director. East Africa is a fast growing region and need for investment in power, infrastructure, water, agriculture, and other development sectors is growing - Africa… Continue reading OPIC opens first office in East Africa

Africa, Business, Market, South Africa, West Africa News

Why Standard Bank is expanding to francophone West Africa

South Africa’s Standard Bank – also trading as Stanbic Bank – has recently acquired a full banking licence in Côte d’Ivoire. The pan-African lender plans to use the market as a gateway to expand across the francophone West Africa region. The bank first set up a representative office in Côte d’Ivoire’s economic capital Abidjan over two years… Continue reading Why Standard Bank is expanding to francophone West Africa

Africa, Business

Mattress Firm to be bought for $2.4 billion by Africa’s Steinhoff

Steinhoff International Holdings NV, Africa’s retailing giant but little-known outside the continent, has made its first foray into the U.S., agreeing to pay $2.4 billion for Sleepy’s owner, J.W. Childs Associates-backed Mattress Firm Holding Corp. Steinhoff SNH, +1.55% a family-owned furniture seller based outside Cape Town, South Africa, is called “Africa’s Ikea” for its home… Continue reading Mattress Firm to be bought for $2.4 billion by Africa’s Steinhoff