Editor

Passenger Rail Agency of South Africa and Gibela, a south African transport company 61 percent owned by Alstom, said on Monday they have signed a $5.1 billion (R51 billion) joint venture contract for Gibela to supply 600 passenger trains, including the construction of a local manufacturing facility, to be delivered to PRASA between 2015 and 2025.

France’s Danone and Abraaj Group, a private equity firm announced on Thursday a partnership agreement that allows Danone to own stake in Fan Milk International, which previously was 100 percent acquired by the Abraaj group earlier this year.

Increased access to finance for small and mid-sized businesses in Africa will support domestic capital markets, drive economic growth and create jobs but will also ultimately force investors and the private sector to demand better regulatory laws and transparency from business leaders and government officials.

Reforming Nigeria: A Conversation with Ngozi Okonjo-Iweala