On The Money - In Brief

Mergers, Acquisitions and Financial Results

- The European Union, Delegation of the European Commission in Ethiopia said on Tuesday that the Commission has signed a two million Euro agreement with the United Nations Food and Agricultural Organisation (FAO) to strengthen the food security information systems in Ethiopia.

- Celtel Uganda has sold shares to permanent employees following the board’s decision to incorporate employees into the ownership of the firm. Only employees who have worked for the firm for a year and above, benefited.

- The Ohlthaver and List Group of Companies (O&L) has sold a controlling stake in its Information Communication and Technology (ICT) Holding to South Africa's Dimension Data. Its name has now changed to Dimension Data Namibia. O&L established ICT in 1999 as an in-house department to provide information technology services to the group.