Business

Thu,26Apr2018

Business

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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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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