South African stock market surges for the first time since March
The country’s stock market went frenzy with stocks and rand posting big gains
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Orange to acquire 54% stake in Telekom Romania from OTE
The French telecom major will retain its ownership in the Romanian company’s mobile business
Stolt Tankers, Essberger Tankers to jointly operate parcel tanker fleets within Europe
The new venture will provide logistical flexibility, boost reliability and reduce network inefficiencies to Stolt Tanker’s fleets
ENOC’s new containerised fuel storage tanks will foster developments
The new tankers can store all types of fuel such as Gasoline Super 98, Diesel 10ppm, Gasoline Special 95 and Biodiesel5
Emirates SkyCargo rolls out new Covid-19 vaccine cargo hub in Southern Dubai
Emirates SkyCargo has resumed operations in its SkyCentral DWC cargo terminal
Nigeria’s Transcorp acquires state-owned Afam Power and Afam Three Fast Power
Transcorp has recovered almost its full capacity since it took over Ughelli Power Plant in Delta State seven years ago
Dangote refinery plans to launch refined petroleum products in 2021
The company’s products from its fertilisation plants will be available from this month
G42, AIQ, Schlumberger partner to assist oil and gas sector
AIQ will be responsible for the development and deployment of AI modelling and supercomputer solutions
CGS-CIMB expects Singaporean banks to bolster growth
CGS-CIMB estimates a target price of $25.51 for DBS and a target price of $10.13 for OCBC
ADIA cuts Japanese investment team, looks for restructuring
ADIA will continue to invest in Japanese equities as part of a passive portfolio only through its external managers