Who has been guiding Olam's cotton spending spree?
After shelving its infrastructure projects in the three Arise funds, the Indian-Singaporean giant Olam has been concentrating on its agro-food business and buying up African cotton companies with the help of a low-profile French advisor who knows the sector like the back of his hand. [...]
Olam chooses Port Louis over London to registrer its Arise Infrastructure fund
While Olam set up its first fund, Arise Ports & Logistics, in London, from where its partner, AP Moeller Capital, runs its operations, the agribusiness giant has chosen Mauritius's more welcoming fiscal landscape for its second and third funds, Arise Infrastructure and Arise Special Economic Zone. [...]
Nigerian banking giant AFC struggles to keep expansion plans on course
In the midst of striking up new partnerships with foreign companies such as Olam and seeking new shareholders, the public-private bank Africa Finance Corp has suffered a setback at the hands of Moody's. The poor rating it received in May has been hampering its ambitious expansion plans. [...]