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Tajikistan, Silk Road Fund discuss establishment of joint investment platform

Tajikistan, Silk Road Fund discuss establishment of joint investment platform
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ACWA Power agrees to sell its stake in Uzbekistan unit for $130m

RIYADH: ACWA Power has signed a share purchase agreement for $130 million to sell its 49 percent stake in ACWA Power Uzbekistan Project Holding Co. The agreement was made with CVXF Inc., a subsidiary of the Silk Road Fund of China, according to a bourse filing. The company said the project is a 1,500 MW combined cycle gas-fired power plant in Uzbekistan’s Syrdarya region,

Vodafone consortium, MTN submit R11 8bn bid for Ethiopia permit

Vodafone consortium, MTN submit R11.8bn bid for Ethiopia permit News24 22 May 2021, 21:41 GMT+10 A Vodafone Group consortium and MTN Group submitted bids for permits to operate in Ethiopia that were much less than what was sought by the government of Africa s second-most populous nation, people with knowledge of the matter said. Vodafone s consortium, which includes Safaricom of Kenya and the UK carrier s South African unit Vodacom Group, submitted a bid of $850 million, according to the people who declined to be identified because the results are not yet public. MTN, which is in a partnership with The Silk Road Fund of China, offered $600 million, according to the people.

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