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In company news and analysis, FirstRand partners China Construction Bank in Africa, and the contracted Chinese firm will replace faulty SAT-1 at no extra cost to Nigeria.

South Africa's No. 2 banking group FirstRand Ltd has partnered with China Construction Bank to help both companies win investment, corporate and project finance deals in Africa (View Article).

India's Bharti Airtel and South Africa's MTN Group have extended M&A talks over the proposed US$23 billion cash and share swap deal. Bharti and MTN indicated that the structure and terms of the potential transaction may be adjusted (View Article).

China, bruised by the collapse of a proposal to buy a Rio Tinto stake, could confine itself to project-level deals with miners to feed its hunger for metals and shun company acquisitions to avoid further loss of face (View article).

The Chinese Government has confirmed it will replace the SAT-1 at no extra cost to Nigeria amidst speculation that the Chinese company in building the satellite used substandard materials (View article).