Africa: The New Rhodes

Just when many companies are thinking of pulling out of troubled Africa, one is busily building a business empire as big as any since the heyday of Cecil Rhodes's British South Africa Company. The new African giant is Lonrho, Ltd., a 55-year-old London-based firm that until 1961 seemed content to run its ranching and mining interests in Rhodesia. Since then, it has been gobbling up enterprises and creating new ones in seven south-central African nations, and it is hungrily casting about for more. Last week Lonrho began operating a 187-mile, $11.2 million...

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