Actis has today announced that is has established Credit Services Holdings (CSH), a buy-and-build credit services business. CSH’s first investment will be acquiring 100% of Compuscan, the largest independent credit bureau in Africa.
ALT Xchange Ltd (ALTX Uganda) today announced its intention to operate a securities and derivatives market, initially in Uganda, to service the East African region. ALTX Uganda will be a wholly owned subsidiary of the Mauritius-based ALTX Africa Group Ltd, which will be fully incorporated this month. ALTX also intends to develop a pan African footprint, providing a set of additional operating exchanges to facilitate both trading and clearing across the continent.
High seasonal demand for natural gas in the US this winter has driven a significant draw-down in inventories and pushed Henry Hub natural gas prices well above $5.00 per million cubic feet (mcf), a level not seen on a sustained basis since 2010. However, Fitch Ratings believes a much-improved, long-term US gas supply outlook will contain price pressures once seasonal demand patterns normalize.
Marriott International, Inc. and South Africa’s Protea Hospitality Holdings announced today that they have signed definitive agreements for the purchase by Marriott of Protea’s three brands and management company.
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