Business

Mon,17Dec2018

Business

South Africa scraps nuclear power expansion plans

Workers install a solar panel at a photovoltaic solar park situated on the outskirts of the town of Lamberts Bay, South Africa, March. 29, 2016. Photo: Schalk van Zuydam/AP/SIPASouth Africa has cancelled plans to add 9,600 megawatts (MW) of nuclear power by 2030 and will instead aim to add more capacity in natural gas, wind and other energy sources, the energy minister announced on Monday.

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South Sudan resumes pumping 20,000 bpd from oilfield suspended since 2013

An  oil field in South Kordofan, Sudan, Thursday, Dec. 20, 2012. Photo:Abd Raouf/AP/SIPASouth Sudan has resumed pumping 20,000 barrels per day (bpd) of crude from the Toma South oilfield, where production had been suspended since 2013, the Sudanese oil minister Azhari Abdulqader said.

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Ghana opposition seeks IMF view on $2 bln Chinese Bauxite deal

 President of Ghana Nana Akufo-Addo, briefs the media after a meeting at the chancellery in Berlin, Germany, Wednesday, Feb. 28, 2018. Photo: Markus Schreiber/AP/SIPAGhana's opposition in parliament wants the International Monetary Fund (IMF) to decide whether a $2 billion Chinese deal agreed by the government in exchange for bauxite will add to the country's debt burden, it said on Thursday.

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South Africa's Vusi Thembekwayo in drive to incubate more black-owned businesses

A Security officer stands guard at the W&A Water front restaurant and shopping mall area, with Table Mountain, rear, forming the back drop in Cape Town, South Africa, Tuesday, June 7, 2016. Phone: Schalk van Zuydam/AP/SIPA

South African business mogul and global speaker, Vusi Thembekwayo is on a mission to incubate and launch 300 black-owned businesses by 2030.

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Hadiza Bala Usman: The NPA was considered a cash cow

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In two years, Bala Usman has started sweeping a clean broom through Lagos ports, but she has a long way to go before Nigeria can become a logistics hub for the region

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IMF to begin talks with Angola on financial support

A woman sits in front of an International Monetary Fund logo at the venue of the IMF and World Bank meeting, Wednesday, Oct. 10, 2012. Photo: Itsuo Inouye/AP/SIPAThe International Monetary Fund (IMF) said on Tuesday it would begin talks with Angola over providing financial support after the oil producing country's economic growth was weaker than expected this year.

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South Africa | The Ma, the merrier

Alibaba Group headquarters in Hangzhou, China - Credits: QILAI SHEN/BLOOMBERG VIA GETTY IMAGES

Alibaba founder Jack Ma is helping African start-up entrepreneurs to learn from his company’s successes in China and apply that knowledge at home

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