KHARTOUM (Reuters) - Sudanese foreign exchange bureaux started trading Sudanese pounds at a devalued rate on Monday as part of an effort by officials to curb illegal trade and stablise the currency. … [Read more...]
S.Africa’s rand recoups losses, bonds edge up
May 21, 2012 By
JOHANNESBURG (Reuters) - South Africa's rand strengthened from last week's 5-month lows against the dollar on Monday while government bonds edged higher and yields dipped in a market expecting a dovish monetary policy statement later in the week. … [Read more...]
Morocco to auction 4G licence in fourth quarter
May 21, 2012 By
RABAT (Reuters) - Morocco will launch a tender to sell at least one 4G licence in the fourth quarter to help reach its 10-year goal of providing access to broadband services for the whole population, the telecoms regulator said on Monday. … [Read more...]
Anglo American to open London, Singapore sales hubs
May 21, 2012 By
LONDON (Reuters) - Global miner Anglo American is opening a new commercial hub in Singapore on July 1 and also in London, a move that reflects the shift in the company's sales focus to Asia. … [Read more...]
Vestas says close to deal on 297 MW S.Africa orders
May 21, 2012 By
COPENHAGEN (Reuters) - Danish wind turbine manufacturer Vestas has been chosen as preferred supplier for five projects in South Africa with total capacity of 297 megawatts (MW) of turbines, Vestas said on Monday. … [Read more...]
Barloworld pins hopes on China and Russia
May 21, 2012 By
JOHANNESBURG (Reuters) - South African industrial group Barloworld expects Chinese and Russian demand for resources to underpin growth for equipment such as forklifts and trucks, its chief executive told Reuters in an interview. … [Read more...]
Egypt’s GDP grows 5.2 pct in Q1 2012: minister
May 21, 2012 By
CAIRO (Reuters) - Egypt's gross domestic product (GDP) grew by an annualised 5.2 percent in the first quarter of calendar 2012 compared to a 4.3 percent contraction in the same three months a year earlier, Planning Minister Faiza Abu el-Naga said on Monday. … [Read more...]
S.Africa turns to China for refinery project
May 21, 2012 By
CAPE TOWN (Reuters) - South African national oil company PetroSA said on Monday it had partnered with China's Sinopec Group to push along the building of its Coega refinery, originally slated to cost $9-$10 billion and produce 400,000 barrels a day. … [Read more...]
Vodacom says will fight on to keep Congo unit
May 21, 2012 By
JOHANNESBURG (Reuters) - South Africa's Vodacom said it will fight a court ruling that it must pay $21 million in consultancy fees or submit to the mandatory sale of its shares in its joint venture in the Democratic Republic of Congo. … [Read more...]
Mauritius tourism earnings up 15.6 pct in Q1
May 21, 2012 By
PORT LOUIS (Reuters) - Tourism revenues in Mauritius rose 15.6 percent in the first quarter to March compared to a year ago although arrivals were slightly lower, data showed on Monday. … [Read more...]
Sudan says receives "large amount" of hard currency
May 19, 2012 By
KHARTOUM (Reuters) - Sudan's central bank has received "a large amount" of hard currency from abroad and plans to use it to stabilise the pound following the local currency's effective devaluation, the deputy central bank governor said in remarks published on Saturday. … [Read more...]
Messy Facebook debut marks weak day on Wall Street
May 19, 2012 By
NEW YORK (Reuters) - U.S. stocks fell on Friday after a sloppy debut by Facebook Inc spoiled hopes that a spectacular open for the most-anticipated stock sale in years would brighten the mood in what has been a gloomy month for equity markets. … [Read more...]
