Finance & economy

December 10, 2016

1

Petrochemistry: Sonatrach in talks with foreign partners for 5 projects

Sonatrach is currently conducting talks with various international technology partners for the achievement of 5 petrochemical joint ventures, national group CEO Amine Mazouzi said on Wednesday in Algiers.

Speaking following the signing ceremony of the contract with the Japanese group JGC, Mazouzi said the ventures concern a project of ethane and LPG cracker complex of 1 million tons of ethylene, a project of PDH PP complex with a capacity of 600,000"...

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December 10, 2016

2

Algeria, Portugal to implement MoUs on water and environment

Minister of Water Resources and Environment Abdelkader Ouali and Portugal's ambassador to Algiers Carlos Oliveira agreed on the implement the Memorandums of Understanding (MoUs) on water and environment inked between the two countries, announced Thursday the ministry in a communiqué.

During a meeting between Ouali and the Portuguese ambassador, both parties agreed "on the implementation of the recommendations made during the 3rd meeting"...

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December 10, 2016

3

Digital Economy: Boudiaf holds talks in Sousse with Tunisian counterpart

Minister for Digital Economy and Modernization of Financial Systems, Mouatassem Boudiaf, met in Sousse (Tunisia) with Tunisian Minister for Communication Technologies and the Digital Economy Anouar Maarouf, said Friday the Ministry of Finance.

During the meeting, held in the margins of the Fourth Global Summit of Business Think Tanks, underway in Sousse, the two ministers addressed the issue of "developing the digital economy at the regional level","...

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December 10, 2016

4

J.M. Huber Corporation Reaches Agreement to Sell Silica Business to Evonik for $630 Million

The J.M. Huber Corporation announced today that it has signed a definitive agreement to sell the Silica business unit of Huber Engineered Materials (HEM) to Evonik Industries AG—a global specialty chemicals company.


The transaction will include HEM’s Silica facilities in North America, Europe and Asia. Until the transaction closes, Silica continues to operate"...

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December 10, 2016

5

21st Century Fox Possible Offer for Sky plc

Twenty-First Century Fox, Inc. (“21st Century Fox”) notes the announcement made today by Sky plc (“Sky”) and confirms that it has reached an agreement in principle in relation to a possible offer (the “Possible Offer”) to acquire all of the outstanding shares in Sky it does not already own at a price of £10.75 per share payable in cash less the value of any dividends subsequently paid by Sky. However, certain material offer terms remain under discussion and the Possible Offer may or"...

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December 10, 2016

6

Quercus Announces the €150 Million First Close of its New Renewable Energy Infrastructure Funds

Quercus Assets Selection, which specialises in renewable infrastructure investments announces that it has reached its first close of €150 million, led by its Co-Founder and CEO, Diego Biasi.


The three new funds are targeting an annual dividend yield of 6%, distributed semi-annually and an IRR above 11%. Quercus is looking to raise a combined €500 million across the three"...

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December 10, 2016

7

The Coca-Cola Company Announces Senior Leadership Succession Plan

The Coca-Cola Company today announced that its Board of Directors has approved unanimously the recommendation of Chairman and Chief Executive Officer Muhtar Kent for an evolution of the company’s senior leadership structure. Under the new structure, company veteran James Quincey, President and Chief Operating Officer, will succeed Kent as CEO, effective May 1, 2017. Kent will continue as Chairman of the Board of Directors.


The"...

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December 10, 2016

8

Zimbabwe: Finance minister projects better growth rate in 2017

Zimbabwe finance minister Patrick Chinamasa has presented the country’s 2017 budget before parliament.

The budget stands at about 4.1 billion dollars.

During the presentation the finance boss warned that measures should be taken to ensure that the issuing of treasury bills is not abused in efforts to solve the economic crisis after Zimbabwe’s budget deficit reached"...

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December 10, 2016

9

Focus on Burkina's development plan and agribusiness in Africa

Burkina’s development plan

For the next five years, Burkina Faso’s authority will focus on structural transformation of the country’s economy and the welfare of its people via its National Plan for Economic and Social Development.
The plan is expected to help reduce poverty to a large extent by creating 50,000 jobs annually.

Jean David Mihamle and Kenneth Karuri report.


"...

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December 10, 2016

10

Roaster promotes new blends as urban coffee culture grows in Nigeria

Kaldi Africa, a beverage processing company based in Nigeria’s commercial capital, Lagos is working to market locally roasted and processed coffee to Nigerians made from blends of coffee sourced in Nigeria, Uganda and Kenya.

The company set up in March 2015 focuses on promoting coffee, tea and cocoa which broadly covers the range of beverages consumed in the country.

Kaldi has now started roasting coffee beans Nigeria as part of plans to offer"...

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