Namibia Scraps Plan to Force White-Owned Businesses to Sell 25% Stake to Blacks

Namibia Scraps Plan to Force White-Owned Businesses to Sell 25% Stake to Blacks Namibia has scrapped a clause in its economic empowerment framework that would have forced white businesses to sell a 25% stake to previously disadvantaged blacks, President Hage Geingob said on Wednesday. Making the announcement during his state of the nation address, Geingob said a revised…

Rio Tinto Diversified Miner Coming Up With Africa Strategy in 2018

  Rio Tinto Diversified Miner Coming Up With Africa Strategy in 2018 DOWNLOAD Diversified mining company Rio Tinto (NYSE: RIO) is re-calibrating its understanding of Africa and working on an Africa strategy that is scheduled to be presented to the company’s executive committee next year. The company made this known Tuesday in an interview with…