Africa
South African Retail Sales Contracts at Slower Pace as Confidence Improves South African retail sales
contracted at a slower pace in January as a recovery in Africa’s
biggest economy boosted consumer confidence.
Kumba Iron Ore Cannot Apply for Full Sishen Mining Rights, Nogxina Says Kumba Iron Ore Ltd. can’t apply for
the rights it doesn’t already hold at Sishen mine after South
Africa’s government awarded prospecting rights to a third party,
the government said.
Allied Electronics Targets China, Nigeria, India and Brazil for Expansion Allied Electronics Corp. Ltd. plans
to expand in China, Nigeria, India and Brazil as its seeks to
tap faster growth in emerging economies outside its South
African home market, Chief Executive Officer Craig Venter said.
South African Stocks Rise for a Second Day, Led by Anglo and Standard Bank South Africa’s FTSE/JSE Africa All
Share Index gained for a second day, adding 222.20, or 0.8
percent, to 28,474.79 at 2.12 p.m. in Johannesburg,
Rand Maintains Gains Versus Dollar as Retail Sales Contract at Slower Pace The rand rallied to its strongest
level in more than two months after better-than-expected retail
sales boosted speculation South Africa’s central bank won’t cut
interest rates further to accelerate an economic recovery.
Malawi Tobacco Prices Climb 20% Above Government-Mandated Level at Auction Tobacco prices in Malawi, Africa’s
biggest producer of the burley variety of the crop, fetched an
average of 20 percent more than government set prices at the
first auction of the season, the industry regulator said.
Old Mutual CEO Roberts Sees U.S. Life Business Book Value at $1.08 Billion Old Mutual Plc, the biggest insurer
in Africa, said the book value of the U.S. Life unit it plans to
sell this year is about 700 million pounds ($1.08 billion).
South African Central Bank Shareholder Lobbies for Meeting to End Dispute A shareholder of the South African
Reserve Bank, one of nine central banks in the world with
private investors, is lobbying to hold an extraordinary meeting
to resolve a dispute over how the bank is managed.
Aveng Seeks Purchases in South African, Australian Power, Water Industries Aveng Ltd., South Africa’s largest
construction and engineering company by value, said it is
looking at “quite a few” acquisitions in South Africa and
Australia.
Kenya Airports Authority Delays Its $350 Million Hotel and Complex Project Kenya Airports Authority, which
operates all the East African nation’s airports, delayed a $350
million project by Qatar’s Afro Asian Investment Corp. until
additional due diligence has been carried out, Chairman Martin
Wambora said.
Nigeria's Acting President Jonathan Dissolves His Cabinet, Minister Says Nigeria’s acting president Goodluck
Jonathan dissolved the Cabinet, five weeks after taking over
from his ailing predecessor in a move that may shake political
stability in Africa’s most populous nation.
South Africa Doubles Family Budget for Polygamist President Jacob Zuma South Africa’s government almost
doubled the budget for President Jacob Zuma’s wives and children
to 15.5 million rand ($2.1 million) in the year through March
2010, the Presidency said.
Thirteen People Killed in Renewed Religious Violence Near Jos in Nigeria Thirteen people were killed in
renewed violence near the Nigerian city of Jos, Gregory Yelong,
a spokesman for the Plateau State, said by phone today. The
people were killed by Fulani herdsmen in the villance of Byei,
Yelong said.
FEEDBACK
HOME
