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South Africa's wealthy Gupta family with influential ties to President Jacob Zuma said Saturday they plan to sell all their business interests in the country by the end of the year. "As a family, we now believe that the time is right for us to exit our shareholding of the South African businesses which we believe will benefit our existing employees, and lead to further growth in the businesses," said a statement issued by their holding company Oakbay Investments. The Gupta family companies led by brothers Atul, Ajay and Rajesh, have over the years been embroiled in scandals, including accusations of having undue influence over Zuma.
Japan will pour $30 billion (27 billion euros) in investment into Africa by 2018, including $10 billion in infrastructure development, Prime Minister Shinzo Abe said on Saturday at a summit in Nairobi. "When combined with the investment from the private sector I expect the total real amount to be $30 billion," Abe said at the opening of the Tokyo International Conference on African Development (TICAD). "This is an investment that has faith in Africa's future," he said.