Business

Wed,20Jun2018

Business

South Africa may ask pharma firms for fee to clear drug review backlog

Forty-milligram tablets of the drug Lipitor photographed in Glen Rock, N.J., Tuesday, Nov. 15, 2005. Photo: MEL EVANS/AP/SIPADrugmakers in Africa's largest pharmaceutical market may be asked to pay a "backlog fee" to help clear a pipeline of medicines waiting years for approval, according to a proposal being considered by South Africa's new industry regulator.

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Miners insist on rewrite of Congo mining code to protect exemptions

Aug. 16, 2012:Congolese miner sifts through ground rocks to separate out the cassiterite, in the town of Nyabibwe, eastern Congo.Photo: Marc Hofer/AP/SIPAInternational mining companies have insisted that Democratic Republic of Congo amend portions of a new mining code to respect exemptions they were granted by its predecessor.

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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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