Fairfax liking Africa these days: Canada’s Fairfax Financial Holdings is willing to pump USD 386 mn into Afrisam Group Pty to better position the cement producer to merge with rival PPC, according to Bloomberg. The merger has been talked of for a long time now, but looks to heat up again with Fairfax’s offer to clear Afrisam’s default-threatening debt for an equity stake. Fairfax a substantial stake in Egypt’s CIB and has been making a splash in Africa recently with its purchase of a 42% stake in Atlas. The firm has a fund worth USD 500 mn committed to Africa and is known for its contrarian views.

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