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Africa


Financial News

Sanlam Full-Year Profit Doubles After South African Stock Market Rebounds Sanlam Ltd., the largest South African-based insurer, said full-year profit more than doubled as equities on Johannesburg’s stock exchange rebounded.

Mozambique, South Africa and Zambia: Sub-Saharan Bond, Currency Preview The following events and economic reports may influence trading in sub-Saharan African bonds and currencies today. Bond yields and exchange rates are from the previous session.

National Bank of Kenya Says Full-Year Profit Climbs 18% on Lending Gains National Bank of Kenya Ltd. posted full-year profit of 1.46 billion shillings ($19.1 million), up 18 percent from a year earlier, as income from loans grew, Managing Director Reuben Marambii told reporters today in Nairobi, the capital.

Guinean Labor Union Says Strike Over Wages at CBG Was Partially Followed Workers at Compagnie des Bauxites de Guinee, the world’s biggest bauxite exporter, only partially followed a call to strike over pay, a Guinean labor union official said.

Ivory Coast Ports Got 9,058 Tons of Cocoa From Interior Farms Last Week Cocoa deliveries to Ivory Coast’s ports of Abidjan and San Pedro from farms in the interior totaled 9,058 metric tons in the week to March 7, down 16 percent from a year earlier, according to an industry official with access to the data.

Zambia Granted a $1 Billion Concessional Loan From China For Development Zambia’s government was granted a $1 billion concessional loan by China for various development projects, Commerce, Trade and Industry Minister Felix Mutati said.

Kenya Pension Fund, Government to Sell Shares in National Bank This Year Kenya’s state pension fund and the government will complete the sale of shares in National Bank of Kenya Ltd. by December, Managing Director Reuben Marambii told reporters today in Nairobi, the capital.

General News

Arab League's Moussa Says Abbas Pulling Out of Indirect Talks, Ynet Says Arab League Secretary General Amre Moussa said that Palestinian Authority President Mahmoud Abbas would not take part in indirect peace talks with Israel at this time in reaction to its approval of new building in East Jerusalem, Ynet said, quoting statements Moussa made last night in Cairo.



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