Africa
Bharti Airtel Obtains $8.3 Billion For Purchase of Zain's Assets in Africa Bharti Airtel Ltd., India’s biggest
mobile-phone company, said it obtained $8.3 billion in funding
for its proposed acquisition of Zain’s African assets, a day
after its board gave approval for a formal offer this week.
South African Energy Regulator to Rule on Pipeline Tariffs, Times Reports The National Energy Regulator of
South Africa will later this week announce tariff increases that
Transnet Ltd. will be allowed to charge users of its fuel
pipelines, the Business Times reported, citing Rod Crompton, one
of the regulator’s senior officials.
SABMiller, China Resources to Make Acquisitions and Invest to Boost Growth SABMiller Plc and its Chinese
partner, which make the country’s best-selling beer, will pursue
acquisitions and increase production capacity to boost growth in
the world’s most populous nation.
Old Mutual May Sell Its 5.2% Stake in New Reclamation, Business Times Says Old Mutual Plc may sell its 5.2
percent stake in scrap metal recycler New Reclamation Group
Ltd., which formed a venture with Zimbabwe’s government to mine
diamonds in the east of the country, Business Times reported,
citing Crispin Sonn, Old Mutual’s corporate affairs director.
Donors Pledge About $850 Million for Darfur Reconstruction, Ihsanoglu Says Donors have pledged $850 million
for the development and reconstruction of Darfur, Ekmeleddin
Ihsanoglu, secretary-general of the Organization of Islamic
Conference, said in a televised news conference today in Cairo.
Tunisia's Economy Unlikely to Grow More Than 4% This Year, Minister Says Tunisia’s economy is unlikely to
accelerate more than 4 percent in 2010 because of a challenging
global economy, Assebeh reported today, citing Mohammed Nouri
Jouini, Minister for Development and Co-operation.
Sudan to Inaugurate Its $680 Million Power Plant on March 24, SUNA Reports Sudan will inaugurate a new 405-
megawatt, $680 million power plant on March 24, the state-run
SUNA news agency reported, citing an unidentified official at
the national electricity commission.
Rio Tinto Group and Chinalco Agree to Pact for Simandou Iron-Ore Project Aluminum Corp. of China agreed to
pay $1.35 billion for a stake in Rio Tinto Group’s Simandou iron
ore project in Guinea, in a sign relations between the world’s
third-largest mining company and China are thawing.
Benin Government Plans to Import Cement as Power Shortage Curbs Production Benin plans to import 18,000 tons
of cement a month from neighboring Togo after local production
was curbed by power shortages, the government said.
Ghana Cocoa Board Widens Fertilizer Use on Plantations to Increase Yields The Ghana Cocoa Board plans to as
much as double the amount of land under fertilizer use as it
targets production of 1 million metric tons of the beans by
2012-13.
Zuma Criticizes ANC Youth League for South African Finance Minister Attack South African President Jacob Zuma
criticized the African National Congress Youth League for its
attack on Finance Minister Pravin Gordhan.
Nigeria Recalls Envoy to Libya After Qaddafi Calls for Partition of State Nigeria recalled its ambassador to
Libya after Muammar Qaddafi proposed Nigeria be split into two
nations on a religious basis.
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