Africa News: Headlines & Breaking News

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AngloGold Quarterly Profit Jumps by 68% as Demand Drives Prices to Record

AngloGold Ashanti Ltd., the world’s third-largest gold miner, said second-quarter profit rose 68 percent as demand for the precious metal as a safe-haven investment drove prices to records.
BNP Paribas to Buy Securities Unit of South Africa’s Cadiz, Les Echos Says

BNP Paribas SA plans to buy 60 percent of the brokerage unit of Cadiz Holdings Ltd., Les Echos reported, without saying where it got the information.
Investec Approached Evolution on Possible Takeover Bid, Sky News Reports

Investec Plc is the unidentified party that made an approach to Evolution Group Plc about a possible takeover, Sky News reported, without saying where it got the information. Investec is especially interested in Evolution’s wealth management unit, Williams de Broe, Sky said. Evolution discussed the approach last night, Sky also said.
African Bank Investments Says 9-Month Credit Disbursements Increases 53%

African Bank Holdings Ltd. said credit disbursements in the first nine months of its fiscal year increased 53 percent to 15.5 billion rand compared with a year earlier.

Africa News