Shearwater GeoServices, a Norway-based marine geophysical services provider, has won a 3D seismic survey contract for acquisition in South Africa. The award was announced for the 3D seismic exploration project was announced in October 2021. Shearwater GeoServices said that more than 6,000 sqkm of 3D seismic data will be acquired during the survey by the […]
BioNTech revealed plans to launch the construction of a manufacturing plant for mRNA-based vaccines in the African Union mid-next year. The German biotech company said that the new plant is the next step in its efforts for implementing sustainable end-to-end vaccine supply solutions across Africa. In this regard, BioNTech has signed a memorandum of understanding […]
Tata Consultancy Services (TCS) said that Standard Bank has selected TCS BaNCS Cloud for Insurance solution for Standard Insurance Limited, its short-term insurance business in South Africa, in order to power its digital claims transformation. To be delivered on a SaaS model on Amazon Web Services (AWS) Cloud, TCS BaNCS Cloud for Insurance will help […]
Walmart-owned Massmart has agreed to sell its non-core food assets to rival South African retailer Shoprite Checkers for ZAR 1.360 billion ($89.2 million). The sale includes Cambridge Food, cash and carry chain Rhino, and Massfresh, which is made up of produce wholesaler The Fruitspot, and a meat processing facility, along with a dozen Cash & […]
Tata Elxsi, an Indian design and technology services company, said that it has joined forces with South Africa-based media buying services company DStv Media Sales (DMS) for driving the digital transformation of ad media sales. DStv Media Sales (DMS) is part of MultiChoice Group, an African entertainment company. Tata Elxsi said that it has collaborated […]
SI Group, a New York-based performance additives company, has agreed to divest the majority of its global industrial resins operations to ASK Chemicals for an undisclosed price. Based in Hilden,ASK Chemicals Germany, ASK Chemicals is a portfolio company of Rhône Group, a private equity firm. The sale includes SI Group’s industrial resins products and related […]
Bharat Forge has entered into a partnership with Paramount Group for manufacturing the Kalyani M4 armoured vehicles in India. In this regard, the Indian engineering and technology conglomerate and the South African aerospace company will combine the technologies, capabilities, and expertise. The parties had signed an agreement during the International Defence Expo (IDEX 2021) hosted […]
Tata Consultancy Services (TCS) said that South African automated clearing house BankservAfrica has selected its TCS BaNCS for Market Infrastructure solution for driving the Rapid Payments Program (RPP). The Rapid Payments Program is a national initiative in South Africa for launching a next-generation real-time retail payments system that is easy to use. The initiative’s objective […]
Kosmos Energy has signed a deal worth up to $200 million with Dordtsche Petroleum Maatschappij (Shell), a fully-owned subsidiary of Royal Dutch Shell, to farm down interests in a portfolio of frontier exploration assets in Africa. The consideration for the US oil and gas company is made up of an upfront payment of nearly $100 […]
European retail sector investor Alteri Investors has agreed to acquire Blue Group, the UK furniture retailing business of South African retail company Steinhoff International, as per the latest retail acquisition news. Blue Group is the owner of Bensons for Beds, Harveys Furniture and upholstery and bedding manufacturers Relyon, Steinhoff UK Beds and Formation Furniture. Louis […]