Business

Fri,17Aug2018

Business

Zimbabwe wants mining companies to list on local exchange

Zimbabwean President Emmerson Mnangagwa, second from right, talks with Chinese President Xi Jinping (not pictured), April 3, 2018. Photo: Parker Song/AP/SIPAZimbabwe wants mining firms to list on the local bourse as part of efforts under new president Emmerson Mnangagwa to boost investment and local ownership of its vast mineral resources, a new bill before parliament showed.

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South Africa signs $4.7 bln of delayed renewable energy deals

South Africa's President, Cyril Ramaphosa, center, arrive at parliament in Cape Town, South Africa, Friday, Feb. 16, 2018. Photo:Nasief Manie/AP/SIPASouth Africa signed long-delayed renewable energy contracts worth $4.7 billion with independent power producers on Wednesday, in the first major investment deal under President Cyril Ramaphosa.

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Sagarmatha eyes $4 bln valuation in S.Africa's first e-commerce IPO

A vendor sells newspaper  in Pretoria, South Africa, Tuesday, April 8, 2014. Photo: Themba Hadebe/AP/SIPASagarmatha Technologies Ltd, a South African company that owns newspapers, online shopping and classified platforms, is targeting a valuation of more than $4 billion in Johannesburg's first initial public offering of an e-commerce company.

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Ballooning Uganda debt poses default risk, central bank says

Uganda's Prime Minister, standing center-left, addresses Members of Parliament in Kampala, Uganda, Sept. 21, 2017. Photo: Ronald Kabuubi/AP/SIPAUganda's national debt has nearly trebled in the last three years to more than 50% of GDP, posing a default risk since nearly two thirds of that borrowing was external, the central bank said.

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Mauritian president to resign over allegations of financial misconduct

Ameenah Gurib-Fakim, president of Mauritius delivers her speech during the Budapest Water Summit 2016 in Hungary,Nov. 28, 2016. Photo: Zoltan Mathe/AP/SIPAMauritian President Ameenah Gurib-Fakim is expected to step down on Friday (March 23) after she was accused of using a credit card issued by an international non-governmental organisation to buy clothes and jewellery.

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African leaders meet in Rwanda to agree on free trade deal

President Kagame swearing in at the Amahoro stadium, Rwanda, Aug.18, 2017. Photo: Eric Murinzi/AP/SIPAAfrican heads of states and business leaders from across the continent gathered in Rwanda's capital Kigali on Wednesday (March 21), ahead of a historic signing of the African Continental Free Trade Area (AfCFTA), an agreement that would pave the way for continental commerce.

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South Africa mines minister to ready black ownership rules by May

May 18, 2016: closed mine shaft in Welkom, South Africa. Photo: Themba Hadebe/AP/SIPASouth Africa aims to finalise revised plans for black ownership in the mining industry by the end of May, Minister of Mineral Resources Gwede Mantashe said on Tuesday, promising to deliver "policy certainty" to an industry worried about new costs.

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