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Monitise, whose technology enables banking transactions to be carried out over mobile phones, has secured $1.5 million (£1 million) to expand into Africa.

News

Monitise, whose technology enables banking transactions to be carried out over mobile phones, has secured $1.5 million (£1 million) to expand into Africa.

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OAO Severstal (Severstal), a metals and mining company with assets in Russia and in North America, has announced that its Severstal Resources mining division has acquired a 61.5 per cent stake in African Iron Ore Group (AIOG).

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A weak South African rand and low valuations are causing cash-rich acquirers from China and the Middle East to eye South Africa for prospective targets.

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South African financial services firm Sanlam has built on its UK operations with the acquisition of a 60 per cent stake in Buckles Holdings.