Tata Power to buy 50 pc stake in Zambia's Itezhi Tezhi Power

Last Updated: Wednesday, March 25, 2015, 19:45

Tata Power will acquire 50 percent stake in Zambia's Itezhi Tezhi Power Corp Ltd (ITPC) from Tata Africa for an undisclosed amount.

Lagos uses beach polo to hook investors to `Dubai of Africa`

Last Updated: Sunday, March 22, 2015, 16:45

Porsches and Jaguars are parked in the sand while businessmen and their partners, in high heels and hats, sit in the sheltered grandstands, glass of champagne in hand.

Godrej Consumer hikes stake in Darling Group to 90%

Last Updated: Tuesday, February 24, 2015, 21:48

Continuing with its focus on Africa, FMCG firm Godrej Consumer Products Ltd today hiked its stake in hair extension brand Darling South Africa and Mozambique businesses to 90 percent.

AngloGold Ashanti cuts losses in 2014

Last Updated: Monday, February 23, 2015, 19:35

AngloGold Ashanti, one of the world`s biggest bullion producers, said Monday it was nearly back in the black, posting a net loss of USD 39 million in 2014 down from USD 2.2 billion the previous year.

Airtel, UNICEF pact to provide education content in Africa

Last Updated: Wednesday, February 18, 2015, 15:48

Bharti Airtel has partnered with UNICEF to provide health, education and youth-focussed content to its customers in 17 African countries.

Airtel launches pan-African affordable customised smartphone

Last Updated: Tuesday, February 17, 2015, 15:05

Bharti Airtel Africa has launched the first pan African high quality, cost effective, customized smartphone in partnership with mobile chip manufacturer Qualcomm, a statement said Tuesday.

Zee Entertainment launches Zee World in South Africa

Last Updated: Wednesday, January 28, 2015, 18:58

Zee Entertainment Enterprises Limited (ZEEL), one of the country's leading media and entertainment companies, Wednesday announced the launch of a new television channel, Zee World, in Johannesburg.

Cipla among winners in $860 million South Africa aids drug tender

Last Updated: Wednesday, December 24, 2014, 20:57

Aspen Pharmacare was awarded a 2.5 billion contract, India`s Cipla a 2 billion deal, US-based Mylan won a 2.8 billion share and unlisted local firm Sonke got a 3 billion stake in the tender.

Cipla bags Rs 1,100 crore order from South African govt

Last Updated: Tuesday, December 23, 2014, 18:04

Drug major Cipla's subsidiary has bagged an order worth 2 billion rand (around Rs 1,100 crore) for HIV drugs from the South African government.

CIL examining proposal to register subsidiary in South Africa

Last Updated: Monday, December 15, 2014, 15:25

State-owned CIL is examining a proposal to register a wholly-owned subsidiary in South Africa to acquire and develop coal assets and has appointed Deloitte as the consultant for advising on the regulatory framework there.

South Africa in talks with Vedanta for power plant JV

Last Updated: Thursday, December 11, 2014, 18:24

South Africa has initiated talks with Vedanta Resources for setting up a power plant jointly with a state-run firm, though it is yet to decide if majority stake would be given to the Anil Agarwal-led firm.