Jack Kim

271-300 (out of 642)

Absa merges units in line with Barclays structure

Absa Group, the South African bank majority owned by British lender Barclays, said it would merge its business and retail banking units and has also created a small team of Barclays and Absa executives to lead its expansion across the continent.

Egypt liberals end electoral pact with Islamists

Egypt's leading liberal party Wafd has scrapped an electoral alliance with the Muslim Brotherhood, the country's largest political force, because it wants to field more candidates than the tie-up would have allowed, said a senior Wafd official.

Turkey evacuates dozens of Somali blast victims

Turkey evacuated dozens of severely wounded blast victims from the Somali capital Mogadishu on Thursday, two days after a suicide bomber killed 72 people in the rebel al Shabaab group's deadliest attack since launching an insurgency in 2007.

Sniper fire holds up push into Gaddafi's hometown

Snipers hiding in a mosque and Muammar Gaddafi's favourite summit venue held back Libyan government forces trying to capture his hometown on Thursday, making forecasts of a quick end to the battle look premature.

Rebels kill 10 in eastern Congo attacks

Rebels in eastern Democratic Republic of Congo killed 10 people, including members of a local aid group, in attacks on vehicles travelling in the province of South Kivu this week, the local government said on Thursday.

Archbishop of Canterbury to press Mugabe on persecution

The Archbishop Bishop of Canterbury, Rowan Williams, wants to meet Zimbabwe's President Robert Mugabe during his visit to Africa and call on him to end a violent suppression of the Anglican Church and its priests in the country.

Kenya says LNG facility to cost about $500 million

Kenya expects a planned liquefied natural gas terminal to cost $500 million and take 3-5 years to build once it floats a tender in February 2012 as it seeks to diversify sources of electricity to meet rising demand, an energy official said on Wednesday.

AfDB welcomes Uganda rate hike, trims growth outlook

The African Development Bank (AfDB) on Wednesday applauded Uganda's four percentage point interest rate hike aimed at taming rampant inflation and said the cycle of monetary tightening was expected to trim economic growth in 2011.

S.Africa stocks rebound, track global equities

South African share prices rose on Wednesday with investors snapping up stocks they felt had been over-sold and as positive sentiment seeped back into global markets after Europe said it would protect the region's lenders from the euro zone crisis.

S.Africa bonds gain, rand firms against dollar

South African government bonds and the rand currency ended firmer on Wednesday, boosted after a minister said the government would keep a lid on spending and tracking gains elsewhere as global risk appetite picked up.

I.Coast intensifies fight against cocoa smuggling

Top world cocoa grower Ivory Coast has ramped up border security and warned cocoa dealers they could be prosecuted if they are caught smuggling beans to neighbouring countries, farmers and a government source said on Wednesday.

E.Africa gas rush eyed as Anadarko ups Mozambique

U.S. explorer Anadarko Petroleum Corp has raised its estimate of the amount of natural gas it has discovered offshore Mozambique by two thirds, lifting hopes that East Africa could become a major gas exporter.

Zimbabwe GDP seen slowing in 2012: finance minister

Zimbabwe's economy will grow at a slower pace in 2012 than this year as politics puts a drag on full recovery and inflation should stay in single figures, partly due to prudent fiscal policy, Finance Minister Tendai Biti said on Wednesday.

DR Congo diamond firms need $300 mln: official

Democratic Republic of Congo needs to invest some $300 million in its industrial diamond mining operations to revive a flagging sector and boost government revenue, a top mining official said.

Tanzania's CCM party hangs onto key seat amid decline

Tanzania's ruling party narrowly won a key parliamentary by-election after a tight race marked by low voter turn-out, pointing to a decline in popularity of the party even in regions where it enjoyed strong support.

Egypt army says won't propose presidential candidate

Egypt's army will not propose a candidate in the upcoming presidential election, its military ruler said on Wednesday, denying speculation that it may have in mind a military nominee who could be seen as out of step with a transition to democracy.

Libya's NOC seeks $6bln in sanctions debts

Libya's top oil body is pursuing international oil firms for bills worth around $6 billion that were left unpaid this year due to U.N. sanctions imposed in March, a source in the National Oil Corporation (NOC) told Reuters this week.

Libyan government forces push into centre of Sirte

Libyan government forces fought their way, street by street, into the centre of Muammar Gaddafi's birthplace of Sirte on Wednesday after their commanders said the battle for the city was entering its final hours.

Liberia court drops challenge to Sirleaf candidacy

Liberia's Supreme Court said on Wednesday it has dismissed a challenge to the eligibility of six candidates in next week's presidential election, including incumbent leader Ellen Johnson-Sirleaf and her main rivals.

S.Africa, Zambia approve Metorex-Jinchuan deal

South Africa and Zambia have approved the $1.1 billion bid by China's Jinchuan Group for copper and cobalt producer Metorex, bringing closer prospects for the deal to be finalised by November.

S.Africa rand stabilises vs dlr, bonds edge higher

South Africa's rand steadied against the rand on Tuesday and government bonds edged higher as tentative calm returned to the market although local assets are still vulnerable to contagion fears over Greece's heavy debt burden.

Turkey spreads its wings into Africa

Turkish Prime Tayyip Erdogan visited South Africa on Tuesday, the latest stop in a diplomatic drive into the resource-rich continent whose attention is increasingly fixed on emerging market relationships rather than old commercial ties to Europe.

Dalai Lama cancels highly charged S.Africa trip

The Dalai Lama, the Tibetan spiritual leader, cancelled a trip to South Africa planned for this week that had put Pretoria in a bind between its biggest trading partner China and one of its modern heroes, Nobel Peace Prize laureate Desmond Tutu.

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