Africa
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.
Bharti Said to Seek Legal Protection From Zain on $9 Billion Nigeria Deal Bharti Airtel Ltd., the Indian
phone company planning a $9 billion purchase of Zain’s African
assets, may ask Zain for legal protection from a dispute in
Nigeria, according to a person familiar with the negotiations.
South African Stocks Fall, Led by Anglo American, BHP Billition and Kumba South Africa’s FTSE/JSE Africa All
Share Index lost 176.42, or 0.6 percent, to 28,629.72 at 11:22
a.m. in Johannesburg, trimming its gain for the week to 1.3
percent.
Athi River of Kenya Plans $20.8 Million Bond Sale to Fund New Cement Plant Athi River Mining Ltd., a Kenyan
cement manufacturer, plans to sell 1.6 billion shillings ($21
million) of bonds in April or May to help fund the building of a
new cement plant and a clinker unit in Tanzania.
Sub-Sahara African Stocks: East African, First Bank and George Williamson Mauritius’s SEMDEX Index fell 0.2
percent to 1,651.56 at the close in the capital, Port Louis.
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.
Japan, Brazil to Help Mozambique Become Grain Exporter Through Aid Program Mozambique, which depends on
imports to meet about half its rice needs, aims to become a
grain exporter after achieving self-sufficiency as early as 2015
with technical and financial assistance from Japan and Brazil.
African Barrick Gold Raises $882 Million in London Initial Public Offering Barrick Gold Corp., the world’s
largest gold producer, raised 581 million pounds ($882 million)
selling shares of its African unit in an initial public offering
in London.
South Africa Seeks Longer-Term Debt as Bids Exceed Supply on 2023 Bonds South Africa received bids for more
than 13 times the amount available of its inflation-linked bond
due 2023, after offering the smallest amount in seven months to
diversify to longer-term debt.
Namibia Ports Seeking $274 Million From Lenders for Walvis Bay Expansion The Namibian Ports Authority has
asked financial companies to bid for a contract to fund an
expansion of its Walvis Bay container terminal amounting to 2
billion Namibian dollars, according to a tender notice published
in the Namibian today.
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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