Business

Mon,16Jul2018

Business

Italy's Eni plans investments in Algeria worth billions in next three years

  An employee walks by banners with name and sign of energy firm Eni at Strovolos area in capital Nicosia, Cyprus, on Friday, Feb. 23, 2018. Photo: AP Photo/Petros Eni plans "billions" of investments in Algeria over the next three years, the company's CEO said on Tuesday, as the Italian energy firm said it had agreed to extend its partnership with Algeriastate firm Sonatrach.

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MINING: Randgold, the cost killer

ALL RIGHTS RESERVED/RANDGOLD RESOURCES
With an eye on operating expenditure, the largest gold producer in francophone Africa has continued to grow in the downturn. What does Randgold do differently?

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S.African utility Eskom asks to recover $5.5 bln via higher tariffs

 Eskom's electricity pylons snake across a hill in a Johannesburg suburb, Thursday, Nov. 24. 2011. Photo:Denis Farrell/AP/SIPASouth African state utility Eskom is seeking to recover 66.6 billion rand ($5.5 billion) of costs incurred over the past three years through higher tariffs, saying it sold less electricity than forecast because of an economic downturn.

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South Africa's glass maker Consol IPO may raise up to $415 mln

 The picture shows bottles production line. Photo/Libor Zavoral (CTK via AP Images)/P201709210471701/17264South African glass bottle maker Consol aims to raise up to $415 million via an initial public offering (IPO), it said on Monday, returning the firm to public markets after more than a decade in the hands of private equity groups

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Diageo's East African Breweries aims to tap rising spirits demand in Kenya

Sept. 26, 2012: a member of staff prepares coffee at the cafe and wine bar of the Sankara Nairobi hotel in Nairobi, Kenya.Photo: Ben Curtis/AP/SIPADiageo's East African Breweries (EABL) will start producing Captain Morgan rum locally as part of wider investment in its spirit business in response to growing demand.

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Teleology has 90 days to complete Nigeria's 9mobile takeover -regulator

A model make use of her cell phone backstage before the MTN Fashion and Design Week in Lagos, Nigeria, Oct. 27, 2012. Photo:Sunday Alamba/AP/SIPANigeria's Teleology Holdings has 90 days to pay $450 million to complete its acquisition of telecoms provider 9mobile or face a rival bid, the country's telecoms regulator said on Wednesday.

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South Africa's mines minister aims for new mining charter by May

Gwede Mantashe addresses journalist during a media briefing in Johannesburg, South Africa, Wednesday, April 5, 2017. Photo: AP Photo/Themba HadebeSouth Africa's mines minister Gwede Mantashe said on Tuesday he was still aiming to finalise a third version of an industry charter by May that lays out requirements for black ownership levelsand other targets.

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