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De Beers

De Beers returns to profit, remains cautious

De Beers, the world's largest diamond producer, returned to a profit in 2010 as production rose 34 percent and diamond prices recovered to pre-crisis levels, although it remains cautious about the market this year.
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Botswana-Namibia coal rail link work to start 2012

Construction of a railway line connecting Botswana's Mmamabula coal field with the Namibian port of Walvis Bay, pegged at up to $9 billion, is expected to start in 18 months, a government official said on Friday.
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Namibia to oppose S.Africa customs shake-up plan

Proposed changes to revenue sharing within the Southern African Customs Union (SACU) are unacceptable because they place an unfair burden on its poorer members, a senior Namibian official said on Friday.
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S.Africa customs shake-up to hit neighbours

The Southern Africa Customs Union (SACU) is considering a major overhaul of revenue-sharing that will see South Africa keeping a far bigger slice of pooled customs receipts, according to a policy document.
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G20 should better represent Africa: Botswana

Africa should have a greater presence in the Group of 20 nations rather than be largely excluded and simply told how to run their economies, Botswana's central bank governor said on Thursday.
De Beers

De Beers sees 2011 diamond price growth shy of 2010

Rough diamond prices are expected to rise further this year, but will not match last year's sharp double-digit percentage rebound, which was boosted by restocking from jewellers, the head of De Beers sales division said on Monday.
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AIDS treatment up in 2009; 2010 targets in doubt: WHO

A record 1.2 million people in low and middle income countries started antiretroviral therapy for HIV/AIDs in 2009, the World Health Organization said on Tuesday, but targets set for 2010 are unlikely to be met.
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Is hospital-in-a-box the way to better healthcare?

Jon Weiner's hospitals are a far cry from what you might be used to. There are no lengthy admissions forms to fill in. And the service you get might remind you of a five-star hotel. The cost? No more than any other hospital. The catch? They are all overseas.
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FIFA comes live here thanks to solar energy

As excitement mounts over the ongoing World Cup in Johannesburg, more than 2,000 residents formerly without access to electricity can plug into the soccer competition at 36 solar-operated television viewing points that SolarWorld has installed in remote African villages.
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Zimbabwe's blood diamonds and KP's green signal

A long-running controversy over Zimbabwe's allegedly illegal diamond trade, which human rights groups say is run by the army to enrich the power elite, took another twist with a watchdog official saying Harare can resume exports suspended in 2009.
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Special Report: Planes, trains and frontier markets

Josephine Jimenez has a chunk of money to invest and she is hunting for opportunities in the usual places -- Zimbabwe, Tunisia, Sri Lanka, among others. Jimenez is a specialist in so-called frontier markets. She stacked up a million air miles long ago.
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De Beers cuts debt, cautious after 2009 loss

Top diamond producer De Beers bolstered its balance sheet on Thursday with a $1 billion rights issue and bank refinancing as it swung to a annual $220 million underlying loss after demand plummeted for luxury goods.
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Why it’s OK to go to Africa

People who've traveled through Africa almost always say it was an amazing and unforgettable experience, yet most others are still either scared or disinterested.
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De Beers H1 profit tumbles, but no more loans needed

De Beers, the world's top diamond producer, said demand should pick up in the second half meaning it will not need more shareholder loans, when reporting tough markets had all but wiped out first-half profit.
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Financiers pledge $1 billion for Africa infrastructure

Western nations and lending agencies have agreed a financing package of more than $1 billion to improve infrastructure in southern and central Africa at an investment conference meant to expand transport links and trade.
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Tsvangirai rules out foul play in car crash

Zimbabwean Prime Minister Morgan Tsvangirai on Monday ruled out foul play as the cause of a car crash that injured him and killed his wife, easing concerns that it would increase tensions in the new government.

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