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Monthly Archives: June 2014

Acquisitive Bob diamond bolsters african war chest

Robert "Bob" Edward Diamond Jr

Bob Diamond is aiming to more than double his war chest for African bank acquisitions, with a second fundraising in less than six months as he prepares for more purchases in the sector. Mr Diamond, the former chief executive of Barclays, is set to announce a capital raising through his Atlas Mara cash shell imminently, according to people familiar with the …

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China changes tack on Africa with $2bn multilateral investment

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China is poised to invest billions of dollars in Africa through a multilateral institution in Beijing’s first ever departure from its “cheque book” policy of bilateral deals on the continent. Beijing and the African Development Bank, the continent’s biggest development lender, will this week unveil a $2bn investment vehicle, called the “Africa Growing Together Fund”, which officials say marks a symbolic shift …

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Pillar of west African security struggles to keep peace at home in Nigeria

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In the not so distant past Nigeria’s armed forces claimed to be the linchpin of west African security, better equipped and better resourced than their peers and under the control of generals who took pride in their role as regional policemen. Fifteen years after military rule ended and soldiers handed power back to elected civilians, Nigeria’s army and police force are …

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