Local Business

Engen oil refinery

Engen has new distributor in Mozambique

MAPUTO – ENGEN, a leading producer and marketer of a wide range of fuels, lubricants and oil-based products, has appointed D.M. Distributors as official distributor of lubricants in Mozambique’s Nacala region. Rogerio Fernandes, Engen Commercial…

European Union

Finance deal seals EU-Kenya ties

NAIROBI – THE European Union is making available more than KSh10 billion (€94 million) to support Kenya’s agricultural small-holdings, water infrastructure and legal empowerment. This emerged after European Commissioner Neven Mimica and Kenya’s President Uhuru…


Sanlam raises stake in Morocco’s SAHAM

JOHANNESBURG – SANLAM and its short-term insurance subsidiary, Santam, will increase their stake in Morocco-based SAHAM Finances to 46,6 percent for US$329 million. The stake is currently 30 percent. Chief Executive Officer of SAHAM Finances,…