french

BNP Paribas Personal Finance, a subsidiary of French bank BNP Paribas, is set to enter the southern African consumer finance market with the acquisition of RCS, a South African specialist in retail credit card programmes, for approximately R2.65-billion ($255-million).

French company Alcatel-Lucent is set to upgrade the 10 000km EASSy submarine cable system with the latest 100 gigabit-per-second technology, boosting ultra-broadband capacity in eastern and southern Africa and strengthening its connectivity with Europe, the Middle East and Asia.