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Mon,18Dec2017

Japan

Manufacturing: Toyota invests $390 million to expand production at South African car plant

Toyota Fortuner©Gurinder Osan/AP/SIPAJapanese automaker Toyota has invested $390 million to expand the production of its Hilux and Fortuner models in South Africa, its country CEO said on Wednesday.

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South Africa's central bank calls for vigilance after Japan ATM heist

Kuben Naidoo, deputy governor, Reserve Bank of South AfricaThe theft of $13 million from ATMs in Japan using counterfeit cards from South African lender Standard Bank prompted a call for vigilance from South Africa's central bank on Wednesday.

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Japan an alluring target for Standard Bank ATM thieves

Photo©ReutersCriminals who stole millions of dollars from automatic teller machines across Japan in a three-hour spree probably chose the country because banks consider it a low fraud risk, security experts say.

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South Africa: Standard Bank loses $19m in Japan card fraud

Photo©ReutersSouth Africa's Standard Bank said on Monday it had lost 300 million rand ($19 million) in a card fraud incident in Japan, after the perpetrators used counterfeit cards to withdraw cash from automatic teller machines.

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Japan eager to support Africa's transformation

Japan's Prime Minister Shinzo Abe, center left, visits the African Union (AU) headquarters in Addis Ababa, Ethiopia Tuesday, Jan. 14, 2014. Photo©Elias Asmare/AP/SIPATwo decades after Japan's pioneering efforts to get Asian countries to engage directly with African leaders by launching in 1993 the Tokyo International Conference on African Development Prime minister Shinzō Abe announced a whopping $32 billion five-year support for Africa's development projects. Fast froward from 2013, the Asian giant wants Africa to "choose Japan as its true partner".

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Renewable energy: Green is the real deal

Near Ouarzazarte, Morocco, Noor 1’s sea of solar mirrors shimmers in the desert sun. Photo©FADEL SENNA/AFPCrucially, the economics – and also the politics – of building renewable energy projects in Africa are changing. Japan is helping Kenya lead the way in geothermal, while innovative payment plans in Nigeria and huge state backing in Morocco are accelerating solar generation.

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Zimbawe: Mugabe on investment charm offensive

Zimbabwe's President Robert Mugabe. Photo©ReutersZimbabwe's President Robert Mugabe on Tuesday pleaded with Japanese companies to invest in his mineral rich country, but he is unlikely to have many takers, as foreign companies have been ordered to either comply with local empowerment laws by April 1 or close shop.

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Energy: Kenya signs $408 million loan with Japan for 140 MW geothermal plant

National Treasury Cabinet Secretary Henry Rotich said the project will add 140 MW electricity to the national grid. Photo©ReutersKenya and Japan on Wednesday signed a 46 billion yen ($408 million) loan agreement to go towards building a 140 megawatt (MW) geothermal power plant that is expected to be operational within the next two years, the two governments said.

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Electricity: Japan's Marubeni may build coal power plant in Egypt

File Photo©ReutersJapan's Marubeni Corp and Egypt's El Sewedy Electric have agreed with Egypt's state-run electricity utility to conduct a feasibility study into the construction of a coal-fired power plant in Egypt.

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Mining: Sherritt, Sumitomo take $1.7 bn hit on Madagascar nickel mine

Canada's Sherritt International Corp and Japan's Sumitomo Corp said on Wednesday they would book more than $1.7 billion of losses on their Ambatovy nickel mine in Madagascar, as prices at 12-year lows wreak havoc among miners.

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South Africa: Finance minister promises transparent nuclear procurement

South Africa's Finance Minister, Nhlanhla Nene. Photo©ReutersSouth African Finance Minister Nhlanhla Nene pledged on Tuesday that the country's nuclear programme, its most expensive procurement deal, will be transparent.

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Ghana appoints Japan's Mitsui & Co as key gas production partner

Photo©ReutersGhana National Petroleum Corporation (GNPC) has appointed Japan-based trading company Mitsui & Co Limited to help develop infrastructure for its natural gas production, the government ministry said on Wednesday.

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Africa's emigrants turn eastward

File Photo©ReutersHigher economic growth does not mean that people will stay put, and many Africans in search of opportunities now head to Asia.

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Djibouti, where global praetorians gather

Around 2,800 US troops are stationed at Camp Lemonnier. Photo©Matthieu Paley/CorbisDjibouti plays host to some of the world's most powerful militaries including China, France, Japan, Russia and the US. And aside from hosting the logistical hub for US military operations in East Africa and the Arabian Gulf, France, the former colonial power, maintains its largest military base in Africa in the East African country.

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Ghana: Japan and Samsung Electronics join West Africa's ebola fight

Photos@EbolareutersJapan and Samsung Electronics have donated protective gear and gadgets to Ghana to help prevent Ebola in the West African country.

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Global wrongs, people's rights

The war-makers changed the world, although they didn't know it, on 4 August 1914.

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Uganda selects two final bidders for its oil refinery project

Two consortia from Russia and South Korea have emerged as the final bidders of Uganda's $2.5 billion refinery after two others from China and Japan were knocked out of the bidding process, the Ministry of Energy said on Tuesday.

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World woos Africa with summits

Photo©Mathur/ReutersWashington Will host the US-Africa summit in August, but it is already late to the game of African summitry.

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Global Markets-Asian shares up, mood cautious before US jobs data

Asian stocks rose on Friday, buoyed by Wall Street's gains the previous day, but investors remained cautious ahead of the U.S. nonfarm payrolls report later in the session.

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Asia's political fallout - African Angles

Protests have rocked Thailand in recent months. Photo©ReutersThe political tensions across Asia hold important lessons for African policymakers.

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