Anglo-Swiss commodity trading and mining company Glencore Xstrata has increased its indirect interest in the Democratic Republic of the Congo (DRC) copper miner Mutanda Mining for US$430mn
Construction
Chinese firm lands cement plant deal in Algeria
China Triumph International Engineering Group Co (CTIEC) has secured a deal for the development of a 1.5 million tonne annual capacity cement plant in Algeria
Zimbabwe’s Harare City Council to partner with Neo Capital for US$400 million roads project
The Harare City Council in Zimbabwe has announced that it is partnering with South Africa’s Neo Capital and investing US$400mn in rehabilitating and maintaining roads in the capital
North Holdings to build US$800 million cement factory in Ethiopia
US-based North Holdings Investment said it plans to invest US$800mn in building a cement factory in the Amhara Regional State, Ethiopia
Saudi Arabian investor to build two cement factories in Ethiopia
Saudi Arabian investor Sheikh Mohammed Al Amoudi has announced plans to build two cement factories in Ethiopia