Africa
Nigeria's Economy Grew by 6.9% Last Year as Its Non-Oil Industry Expanded Nigeria’s economy grew 6.9 percent
last year, led by expansion in the West African nation’s
telecommunications industry, the Nigerian Bureau of Statistics
said.
Hosken Consolidated to Sell a 34.99% Stake in Clover Back to the Company Hosken Consolidated Investments
Ltd. will sell 35 percent of Clover Industries Ltd., South
Africa’s biggest milk producer, back to Clover for 337.4 million
rand ($45.5 million).
South Africa's Competition Commission Refers Wheat Millers for Prosecution South Africa’s Competition
Commission said it has referred the findings of its
investigation into an alledged wheat milling cartel to the
Competition Tribunal.
Kumba Iron Ore Says Claim by Lithos Over Senegalese Deposit Was Postponed Kumba Iron Ore Ltd. said a court
case in which it is being sued for $421 million by Lithos Corp.
over a rights to a Senegalese deposit was indefinitely
postponed.
Cosatu Says It Supports South African Finance Minister Gordhan's Budget The Congress of South African Trade
Unions said it backed the ruling party’s defense of Finance
Minister Pravin Gordhan.
Stocks in South Africa Drop, Led By Anglo, BHP Billiton; HCI, Illovo Climb South Africa’s FTSE/JSE Africa All
Share Index dropped 229.53, or 0.8 percent, to 28,032.87 in
Johannesburg, paring its 1.3 percent advance on March 12.
EU Gives $162 Million to African Trading Blocs, Development Organizations The European Union will today sign
project financing agreements totaling 118 million euros ($162.16
million) with two African trading blocs and two regional
development organizations in Nairobi, the Kenyan capital, it
said in an e-mailed statement yesterday.
South African Export Coal Prices Fall First Week in Four on Weaker Demand Prices for coal shipped from South
Africa’s Richards Bay, the continent’s biggest export facility
for the fuel, fell for the first time in four weeks on weakening
European demand.
Kenya to Phase Out Diesel-Generated Power Within 2 Years, Use Geo-Thermal Kenya plans to phase out diesel-
generated power within two years and boost geo-thermal
electricity output, Energy Minister Kiraitu Murungi said.
ANC Youth Leader Malema Is Guilty of Hate Speech, South African Court Says Julius Malema, the leader of the
youth wing of South Africa’s ruling party, was found guilty of
hate speech and harassment, Richard Muleleke, a clerk at the
Johannesburg Equality Court, said today, without giving details.
World Bank Says `Quiet Corruption' Undermining Africa's Development Drive The World Bank said the “quiet
corruption” of absenteeism and negligent management may be as
big a threat to Africa’s development as the graft scandals that
frequently dominate newspaper headlines.
New Zealand Calls Off Zimbabwe Cricket Tour, Citing Concern About Security New Zealand’s cricket team called
off a planned tour to Zimbabwe in June because of the security
situation in the southern African country, Chief Executive
Officer Justin Vaughan said.
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