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United Kingdom’s Experian set to buy South Africa’s Compuscan
December 11, 2018

Experian Plc, a consumer credit reporting agency headquartered in Dublin, has agreed to buy South African peer Compuscan for $262.78 million. The company said the purchase will bulk up it’s existing African operations.

The Competition and Markets Authority, Britain’s competition watchdog indicated it may block Experian’s takeover of ClearScore, a financial technology business that gives UK customers free access to their credit score and report, due to concerns that the deal could stifle development of digital products that help customers understand personal finances.

Founded in 1994, Compuscan holds credit information of 200,000 South African businesses and 26 million individuals, about 56 percent of South Africa’s population.

Brian Cassin, Experian’s Chief Executive Officer said “this is an important transaction for our business in South Africa and will provide opportunities more broadly across the African continent”.

Experian said the deal, which"...

December 11, 2018

More than 150 national and foreign exhibitors will take part from January 23 to 26, at the 4th edition of the International Exhibition of Agriculture of Oran, said, Saturday, the organizers.

Organized by the communication company “Xposium"...

December 10, 2018

Audi and its import partner have kicked off assembly of the A3 Sportback, A3 Sedan and Q2 crossover at the Relizane facility in the North African country of Algeria.

The Ingolstadt-based brand says it plans an annual capacity of “approximately"...

December 11, 2018

State-owned construction company Wijaya Karya (Wika) has announced that it has won development contracts in 10 countries: Algeria, Malaysia, Myanmar, Niger, Nigeria, the Philippines, Senegal, Taiwan, Timor Leste and the United Arab Emirates.

'We will develop 5,000 houses in Algeria, Kinman Bridge in Taiwan and the Presidential Palace in Niger. We want to do our best to complete the projects,”"...

December 11, 2018

For the first time, E2 Dubai South has recently introduced a 3D Virtual Tour of a spacious events venue at e2-dubaisouth.ae setting up a fresh and contemporary trend in Dubai's events industry. The tour displays a 360-degree view of the modern center's interior and enables users with an exciting virtual experience.

The top-notch 3D graphics"...

December 11, 2018

(AETOS Wire) -- On October 25, 2018, the 13th Meeting of the Conference of the Contracting Parties to the Ramsar Convention on Wetlands declared that Changshu was put on the list of the first “International Wetland Cities” in the world, in recognition of its success in the protection of wetland ecology. The award is arguably the most influential on a global scale—supreme and unchallenged. It was against"...

December 11, 2018

On the back of rapidly evolving technologies and digital revolution across multiple industries, Facilities Management (FM) companies are now starting to go through a significant transformation to catch up with the new demands in the marketplace. Competing in the industry and maintaining significance without following industry megatrends is no longer an option for FM providers with traditional service portfolios. Now, more than ever, it is essential for FM companies to advance"...

December 10, 2018

Petra Diamonds has offloaded its Helam mine in South Africa for a total price of ZAR 200 ($14).

Petra put the asset on care and maintenance in 2015 after failing to find a suitable buyer, and hasn’t carried out any mining there since. It has now sold it to Lindleys Mining to support a South African government program to prolong the lives of deposits facing closure, Petra said last week.

The disposal is also part of Petra’s streamlining of"...

December 10, 2018

MTN Nigeria, on Tuesday, asked the Federal High Court in Lagos to further adjourn the hearing in the suit it filed to challenge the $8,134,312,397.63 being demanded from it by the Central Bank of Nigeria. The $1.8bn demand by the CBN followed alleged forex remittances infraction by MTN.

MTN’s lead counsel, Chief Wole Olanipekun (SAN), told the court that his client had approached the CBN for possible"...