Africa: Mergermarket - African Merger & Acquisition Activity Hits $3.5 Billion in Q1 2012

28 March 2012 - March 27, 2012


Deals to watch

Ethiopia: The government is seeking investors to help develop a new rail network in the country, according to Mesfin Wubeshet, adviser to the minister of industry. Mr Wubeshet said the government is seeking international partners to help develop 2,000km of new train routes. The government is looking for international companies on the basis of a design, build and transfer turnkey arrangement provided they can mobilise the foreign portion of the investment required for any selected route.

Meanwhile, a spokesperson for Ethiopian Railways Corporation (ERC), the national rail operator, said the company is offering EPC contracts, with several segments divided into separate projects. One of the contracts available is for a link from Addis Ababa to the Kenya border, he said. The company is currently in the process of selecting a consultant and has shortlisted some companies, he said. International consultants will be invited to bid for other projects to oversee other segments, according to the spokesperson...

Nigeria: Africa Finance Corporation (AFC), a Nigerian financial institution focused on financing infrastructure projects, is likely to play a role in the nation's power privatisation process by partially financing companies shortlisted for a second round of bids, according toFola Fagbule, vice president of origination and coverage. AFC recently signed an MOU with Zambia-based Copperbelt Energy Corporation Plc to allow collaboration on the development and investment of power assets throughout Africa. Copperbelt is competing in the second round of bidding for two power distribution companies being sold by the Nigerian government, under the name "The Copperbelt Consortium," according to documents from Nigeria's Bureau of Public Enterprises....

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Categories: Transport, General, Energy

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