Africa Business Roundup - 23-27 May, 2016

We do a round up of major business stories that came from across Africa during the week between Monday 23rd to Friday 27th May 2016. With fuel price hike, food prices go haywire in Nigeria MMI Holdings Limited increases its stake in United Metropolitan Nigeria Life Insurance Limited to 100%Nigeria Sees Growth of 4% in 2017 After Reforms Lagos Consortium Agree to Construct N844 Billion 4th Mainland BridgeAlexandria Cement ,Egypt obtains LE150m loan from HSBCCIB,Egypt extends SPA period for CI Capital deal till June 9Kenyan Investors Urge President, Opposition Talk on ElectionsTexton buys two property portfolios in South Africa and UKBTG Said to Seek Sale of Stake in Petrobras, SA Joint VentureOrange, SA Said to Mull Bid for Some Millicom Assets in AfricaThe South Africa Foschini Group Paid 4.4m Pounds for U.K. Chain WhistlesBotswana Government to Sell BCL Mine to Strategic PartnerUgandan Power Distributor Umeme Seeking Funds To Invest On Network£2bn set aside for solar energy in Africa Banks in Ghana struggle to mobilise depositsDevelopment Bank says continent far from debt crisisRelief for Kenya's Uchumi Supermarket as six suppliers agree to withdraw KCB, Kenya Q1 net profit up 6pc as bad debts jumpAfDB Urges African Economies to Rapidly Diversify ExportsAngola Trade Balance Remains Vulnerable to Oil Prices, BMI Says--- Support this podcast: https://anchor.fm/africanperspective/support