Flour Mills of Nigeria has proposed a merger deal with Nigerian Bag Manufacturing Company (‘Bagco’) and Northern Bag Manufacturing Company (Bagco-North)
Business
US Congress votes to renew textile trade act with Africa
The US Congress has voted to renew the African Growth and Opportunity Act (AGOA) and extend it by three years, just two months before its was set to expire
Barrick Gold considers sale of African stake
Canadian mining group Barrick Gold has confirmed that it has been in discussions to sell a 74 per cent stake in African Barrick Gold to a Chinese company
Leaders attend China-Africa summit
The fifth Forum on China-Africa Cooperation (FOCAC), which was attended by six African heads of state, has concluded in Beijing, China
New mining fund committed to investing in Africa soon
The second New Africa Mining Fund (NAMF II) has said it will make its first investment in the African mining sector within three months