Guinea is on track to more than double its power output over the next two years in an effort to meet growing demand from domestic consumers and the West African nation's expanding mining sector, a senior official from the energy ministry said.
Tanzania will continue building a
China-funded $1.2 billion gas pipeline from the south of the
country to the commercial capital Dar es Salaam despite violent
protests over the project, the energy ministry said.
The African Development Bank (AfDB) is to launch a 12.5 billion shillings bond on the Ugandan market, the second such issue from its 125 billion shilling issuance programme launched last year.
Egypt will refund taxes collected from Qatar National Bank's acquisition of National Societe Generale Bank to shareholders on Sunday, an official from a clearing company told Reuters on Saturday.
Malawi's economic growth is seen rebounding to 5 percent in 2013, from 1.8 percent in 2012, mainly because of an improvement. . .
The weighted average yield on Mauritius' 364-day Treasury bills fell to 2.30 percent at auction on Friday from 2.32 percent at. . .
Burundi's trade deficit widened to $197.3 million in the first quarter from $131.4 million in the same period of 2012 as. . .
Kenya's economy is expected to expand by about 6 percent in 2013 thanks to a rebound in sectors such as manufacturing. . .
Copper reserves at a mine owned by Sicomines, a miner at the centre of a $6 billion resources for infrastructure deal between China and Democratic Republic of Congo, have fallen more. . .
Egypt's Orascom Telecom (OTH) is closer to being delisted, sources said on Friday, after holders of around 10 percent of its stock agreed to be bought out.. . .
Egypt's Orascom Telecom
(OTH) is closer to being delisted, sources said on
Friday, after holders of around 10 percent of its stock agreed
to be bought out.. . .
Kenyan oil marketer KenolKobil said on Friday it had returned to profit in the first quarter helped by a restructuring programme started last year.. . .
State-run Petróleo Brasileiro SA, which is undertaking a major drive to sell assets outside Brazil, sold a 12 percent stake in a Tanzania bloc to a unit of Statoil AS, according. . .
Cameroon, the world's fifth largest cocoa grower, exported 189,149 tonnes by the end of April, up 13 percent from 167,941 tonnes in the same period last season, according to statistics from. . .
Morocco is satisfied with a $750 million bond reopening even though the U.S. market imposed discretionary rules until the subscription process is completed, Finance Minister Nizar Baraka said on Thursday.. . .
Tanzania's debut $600 million international bond is likely to be added to JP Morgan's emerging markets index at the end of May, the bank said on Thursday.. . .
Niger will start building a 100 MW thermal power station by early July and a second coal-fired plant by year's end as part of efforts to ramp up power output, an. . .
Ghana's cabinet has approved a Eurobond issue of up to $1 billion tentatively scheduled for July, Finance Minister Seth Terkper said on Thursday.. . .
A uranium mine in northern Niger run by French nuclear reactor maker Areva is "badly damaged" and has stopped production for the moment after it was attacked earlier in the day,. . .
Nigeria's state oil company and a subsidiary of Exxon Mobil plan to tap the bond market by 2016 to fill a funding shortfall in their oil exploration joint venture, the companies. . .
Nigeria is set to export around 1.77 million barrels of crude oil per day in July on 61 cargoes, preliminary loading programmes showed on Thursday.. . .
Ethiopia's huge public spending has created one of Africa's fastest-growing economies, but volatile inflation, balance of payments pressures and a stifled private sector raise questions over its sustainability, the International Monetary. . .
Angola plans to open its much-delayed stock market in 2016 and could even bring it forward to 2015 if the bourse was used to privatise state-owned companies, the country's Capital Markets. . .
Tunisia is in talks with Qatar over a deposit in Tunis' central bank "with easy conditions" Prime Minister Ali Larayedh said on Thursday.. . .
Kenya's economy is expected to expand by about 6 percent in 2013, up from a growth rate of 4.6 percent last year, driven by a pick-up in sectors like agriculture, the. . .
The Kenyan shilling was steady early on Thursday, remaining vulnerable to demand for dollars from importers needing to meet end-of-month commitments.. . .
A company owned by New York venture capital firm Herakles Capital has suspended work on a giant palm oil plantation in Cameroon after protests by environmental groups and villagers, highlighting opposition. . .
The government of Guinea said on Wednesday it has given approval to BHP Billiton and Global Alumina to sell their stake in a bauxite and alumina project to Dubai Aluminium Co. . .
Kenyan lender I&M plans to list shares on the stock market by next month after it completed a merger with small investment company City Trust, I&M said on Wednesday.. . .
Kenyan truckers blocked the only highway from the port city of Mombasa to the capital Nairobi on Wednesday, threatening to choke the main trade artery to east Africa unless officials reverted. . .
Residents of a gas-rich region of
Tanzania rioted on Wednesday to protest that they would not
benefit from a government budget proposal to construct a
pipeline from their territory to the capital, senior officials
said. . .
The weighted average yield on Kenyan 20-year Treasury bond fell to 12.981 percent at auction from 13.694 percent at its last sale in January, the central bank said on Wednesday.. . .
Hundreds of soot-stained
factory chimneys dot the horizon in the industrial city of
al-Saff, south of Cairo, but only a few spew black smoke.. . .
Ghana's central bank raised its prime interest rate by one percentage point to 16 percent on Wednesday, citing potential inflation risks from a weakening cedi currency and high government spending.. . .
Egypt's Petroleum Minister appointed Tareq El Barakatawy as chairman of the Egyptian General Petroleum Company (EGPC), a statement from the EGPC said on Wednesday.. . .
The weighted average yield on Uganda's two-year Treasury bonds edged up to 12.9752 percent at an oversubscribed auction on Wednesday from 12.2978 percent fetched at the last sale of the same. . .
firm Vimpelcom's talks to sell a controlling stake in
its Algerian mobile business Djezzy to Algeria are at a delicate
stage but have not failed, a source with knowledge of the
discussions said. . .