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Staff Writer Oceana Group Limited has appointed Aboubakar “Bakar” Jakoet as its new lead independent director and chairperson of the corporate governance and nominations committee, effective 1 January 2026. The company said the appointment complies with paragraph 3.59 of the JSE Listings Requirements. Jakoet has served as an independent non-executive director of Oceana since 2019. He is a chartered accountant and currently chairs the risk committee while also serving on the audit committee. The board welcomed the appointment and said it looks forward to his continued contribution in the new roles. Oceana also announced that Peter de Beyer will step…

Chamwe Kaira SilverStreet Capital has completed its grape harvest at Aussenkehr in southern Namibia, employing a record 4 024 workers during the season. SilverStreet Capital chief investment officer Gary Vaughan-Smith said in a social media post that about one-third of the company’s export containers have already reached European Union markets and the United Kingdom.  He said SilverStreet supplies all major supermarket chains in those regions. Vaughan-Smith said logistics posed the main challenge during the season.  Strong winds in Cape Town delayed early vessel departures in November. To manage the disruption, the company adjusted its export routes and shipped through Walvis…

Staff Writer Africa Finance Corporation has announced the signing of key financing agreements for the Lobito Atlantic Railway Project in Angola, where it acted as co-financial adviser alongside Eaglestone to Lobito Atlantic Railway S.A., the borrower and concessionaire of the 1 300-kilometre brownfield rail corridor. The project is backed by sponsors including Mota-Engil, commodities trader Trafigura, and rail operator Vecturis. The partners bring technical, operational and commercial expertise to support the long-term operation of the corridor. The signing covers a US$753 million financing package made up of US$553 million from the U.S. International Development Finance Corporation and US$200 million from…