Rand Weakens as No-confidence Vote Draws Closer
08/08/2017The South African rand has weakened due to investors bet on a no-confidence vote by secret ballot against President Jacob Zuma could unseat him. At 0650 GMT the rand was.
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South Africa: British Platinum Company to Reduce Overhead Cost, Monetize assets to Preserve Cash
07/08/2017Lonmin Plc, the British producer of platinum group metals operating in the Bushveld Complex of South Africa, has said it would cut cost and monetize select assets, including the sale.
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Nigeria: FG Adjures Dangote to Speed up Private Refinery Construction
02/08/2017The Federal Government has adjured Nigeria’s richest man Aliko Dangote to speed up the construction of his $12bn refinery. According to the Nigerian government, it is ready to assist in.
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South Africa: Central Bank Mandated to Protect Currency Value
01/08/2017The South African Central Bank is saddled with the responsibility of ensuring that the South African currency retains its value. Governor Lesetja Kganyago said Tuesday, during a proposal by the.
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Nigeria: Acting President Launches $1.5Bln Fertilizer Plant to Boost Agriculture
27/07/2017Nigeria’s acting President will Thursday, commission a $1.5 billion fertilizer plant to boost agriculture in Nigeria. The plant is located in the city of Port Harcourt. According to a statement,.
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Zambia: Operations Halted at Nchanga Underground Mine
26/07/2017Zambia’s Konkola Copper Mines (KCM) has declared that operations on Nchanga underground mine (NUG) will be put on hold following the recent theft of high voltage cables within the mining.
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Ethiopia Exports $62 Million Worth of Agricultural Products to China, Europe
25/07/2017Image: UN The head of Ethiopian Trade ministry Gondar regional office, Bizuayehu Demissie, has said that Ethiopia has successfully exported 62 million US dollars’ worth of agricultural products through the.
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South Africa: Amplats Records 55% Fall on Lower Sales
24/07/2017South Africa’s world largest producer of the precious metal, Amplats, stated on Monday that there has been a fall of 55% profit on lower sales, a stronger rand and tax.
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9mobile Solicits for New Investors
20/07/2017Former Etisalat Group now 9mobile says it is open to partner with new investors, its chief executive said on Wednesday at an event to officially announce the company’s new name.
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Mozambique: Japan Freezes US$100 Million in Loans, Donation
19/07/2017Image: myjica Japan has frozen the loans and donation it gives to Mozambique which in cash sums up to US$100 million. This action was taken following the scandal of undisclosed.
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