Africa
South African Stocks Climb 0.8%, Led by Bidvest, Digicore and Metropolitan South Africa’s FTSE/JSE Africa All
Share Index rose 218.26, or 0.8 percent, to 28,116.40 at 12:55
p.m. in Johannesburg, paring yesterday’s 0.8 percent drop.
Kenya Power Costs May Decline as Improved Rains Boost Hydroelectric Plants Power costs in Kenya, East Africa’s
largest economy, may fall as seasonal rains raise water levels
at the nation’s hydroelectric plants, Kenya Power and Lighting
Co., the country’s only distributor of electricity, said.
Ghana's Government Planning to Sell a Diamond Mine and a Timber Plantation Ghana plans to sell a diamond mine,
a plantation and a sawmill as part of a sale of state assets,
the Divestiture Implementation Committee said.
Keangnam of South Korea Sells Madagascar Nickel Mine Stake for $31 Million Keangnam Enterprises Ltd., a South
Korean builder, agreed to sell stake in a Madagascar nickel mine
to state-run Korea Resources Corp. for 35.1 billion won ($31
million).
CTC Suspends Congolese Operation Over Government's Non-Payment of Contract A U.S.-registered consulting firm
hired to modernize the Democratic Republic of Congo’s customs
agency has suspended operations over a payment dispute with the
government.
BlueBay Pays $67 Million For 44.44% Stake in South Africa's Foodcorp Ltd. BlueBay Asset Management Plc, a
London-based fund manager, bought a 44.44 percent stake in South
African food producer Foodcorp Ltd. for 495.51 million rand.
Reserve Bank to Publish Report on South African Repo, Prime Interest Rates South Africa’s central bank will
release a report within the next two months on an investigation
into the spread between its benchmark repurchase rate and the
prime rate offered by commercial banks.
Rand May Breach 10 Per Euro, 1st Time in 2 Years, Rand Merchant Bank Says The rand is poised to strengthen
beyond the 10 per-euro mark for the first time in more than two
years as fiscal difficulties weaken the common currency used by
16 European countries, says Rand Merchant Bank.
Tullow Expects Gazprom, Namcor to Join Development of Namibia's Kudu Field Tullow Oil Plc, the U.K. explorer
with the most drilling licenses in Africa, said OAO Gazprom may
join its Namibian Kudu project.
South African Competition Commission Needs More Funding, Business Day Says South Africa’s Competition
Commission needs an extra 237 million rand ($32 million) over
the next three years to cover its expenses, Business Day
reported, citing Chief Executive Officer Shan Ramburuth.
U.S. State Department Official Apologizes for Remarks on Libya's Qaddafi U.S. State Department spokesman
Philip J. Crowley apologized for comments he made last month
about Muammar Qaddafi when asked about the Libyan leader’s call
for a jihad on Switzerland.
Sudan Needs Darfur Peace Deal Before Elections, U.S.Envoy Gration Says Time is running out for negotiators
to deliver a peace agreement in Sudan’s western Darfur region
before next month’s general elections and a 2011 referendum on
independence for the oil-producing south, a top U.S. envoy said.
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