A West African infrastructure project could be the next move by Lonrho Africa, which made £2.2 million last year.

AIM-quoted Lonrho only managed to make a profit in the year to last September on reduced turnover of £5.8 million by selling the company's Kenyan hotel interests. David Lenigas, Lonrho's entrepreneurial Australian chief executive, maintains the results bear little relevance to the company's present and future operations.

Lonrho has already paid £5 million of a £15 million funding at 20p by South African uranium play Brinkley, which plans to float on AIM soon with a £5 million placing at 50p. Lenigas has signalled the company, with £20 million in the bank, wants to participate in African infrastructure and new board recruit Emma Priestley has gone to Equatorial Guinea, to scout out possibilities.

At a depressed 19.75p, the shares have been a disappointing market recently. Company sources say this 'will be addressed'.