Australian mining company Syrah Resources declared "Force Majeure" on Wednesday and suspended its operations at the Balama mine, in Cabo Delgado province, as a result of the current socio-political situation. A statement issued today by the company emphasizes that this measure has to do with the progression of the post-election protests that are already affecting several mining companies....
Shell, Total and Chevron are interested in buying the shares that Galp is offering in its 80% stake in the Mopane oil project off the coast of Namibia, reports the Financial Times (FT). According to the newspaper, the amount of oil discovered in Namibia "is...
Access Bank PLC has finalized the purchase of 100% of the shares in National Bank of Kenya Limited (NBK), in a binding agreement signed on Thursday 21 March with KCB Group PLC. The successful completion of the transaction is subject to customary conditions for transactions of this nature, including the receipt of all regulatory approvals from...
The Competition Regulatory Authority (ARC) has adopted a decision of non-opposition with conditions to the operation, according to which Petróleos de Moçambique (Petromoc) intends to exercise its right of first refusal for the acquisition of 50% of the share capital held by BP Moçambique, in the company Maputo Internacional Airport Fuelling Services Limitada (MIAFS), thus becoming...
The Angolan Debt and Securities Exchange (Bodiva) announced today that the oil company Sonangol raised 75 billion kwanzas (84.2 million euros) as a result of the public offering of its 2023-2028 bonds to the stock exchange. Demand amounted to 83.9 billion kwanzas (94.2 million euros) as a result of a...
The Chinese group Huaxin Cement Co., Ltd has acquired all the shares in the company InterCement Trading Inversiones, S.A.U., in the company Cimentos de Moçambique, according to an announcement by the Competition Regulatory Authority (ARC). According to Notícias, in July this year the ARC received a notification of a concentration of companies, within the scope of the...
Microsoft co-founder Bill Gates has bought 3.76% of Dutch beer producer Heineken, in a total investment of 883 million euros, Reuters reported on Thursday, February 23. The US billionaire acquired 10.8 million shares in the Dutch company Heineken Holding, the parent company of beer producer Heineken, on February 17, according to...
According to information released by Reuters, quoted by Sapo tek, the CEO of Tesla, Elon Musk, sold 8.5 billion dollars in shares of the company of electric cars before buying the social network Twitter. These data appear in documents relating to securities in the United States of America, and everything indicates that...
The National Institute of Social Security (INSS) says that there is an imbalance in the payment of social security benefits to taxpayers, a fact that challenges the institution to standardize the actions between provincial and district delegations to ensure reliability and speed of procedures throughout the country. The analysis was made by the director-general of the INSS,...
Businessman Elon Musk recently announced his intention to acquire 100% of Twitter shares, which would give him full control of this technology company. According to the New York Post, quoted by News to the Minute, Musk is willing to invest between $10 billion and $15 billion - out of his own 'pocket'. Having in...