Jack Kim

61-90 (out of 642)

Gloves off as Egypt's election race heats up

Egyptians are facing a blizzard of posters and TV adverts seeking their votes in the first free parliamentary election in decades but some campaigners are turning to tricks like tearing down rival posters in a race where every vote counts.

S.Africa stocks cap volatile week with flat trade

South African stocks capped a volatile week with a sideways close on Friday, as concerns about the outcome for Italy's debt crisis kept investors on the sidelines, although platinum miners and other battered-down shares ticked higher.

S.Africa's rand firms, bonds weak on rates outlook

South Africa's government bonds were weaker on Friday as the market priced out the chance of a rate cut after a hawkish monetary policy statement while the rand jumped against the dollar as global sentiment turned pro-risk.

Zambia doubles mine royalties to fund big budget

Zambia's new government unveiled an expansive 2012 budget on Friday, with big increases in social spending and farming subsidies to be paid for by a rise in mineral royalties and a debut $500 million Eurobond.

Mining policy needs clarity: South Africa's NPC

South Africa needs to adress uncertainties including allocation of mineral rights and ownership which are impeding growth in the mining sector, the National Planning Commission said on Friday.

S.Africa eyes labour reform, railways to end poverty

South Africa's National Planning Commission unveiled a plan on Friday to reduce unemployment and poverty plaguing Africa's biggest economy, but key elements may be blocked by a powerful union in a governing alliance with the ruling ANC.

Somali forces attack rebels near strategic town

Somali forces allied to Kenya attacked an al Shabaab base near Afmadow on Friday and said they would press towards the strategic town seen as an obstacle to seizing the key port city of Kismayu.

Zimbabwe's Mugabe, Tsvangirai slam violence

Rivals President Robert Mugabe and Prime Minister Morgan Tsvangirai together on Friday condemned political violence in Zimbabwe and said parties should freely hold meetings at a time when tensions are rising ahead of possible elections in 2012.

Libyan militia clashes kill two, feuds fester

At least two people were killed in fighting between militias outside Libya's capital Tripoli, troops in the area said on Friday, in a sign that armed groups are vying for power in the absence of a unified army.

ArcelorMittal set to exceed Liberia 2011 iron ore

ArcelorMittal, the world's top steel maker, is on track to produce between 1.2 million and 1.3 million tonnes of iron ore from its Liberia mine in 2011, exceeding a 1-million-tonne target, and does not expect a decline in prices to impact the project's planned expansion, the company said on Thursday.

S.Africa seeks audit of oil refineries

South Africa's Energy Minister Dipuo Peters wants an audit of the country's oil refineries to establish their reliability in the face of increasing unplanned refinery shutdowns, the ministry said on Thursday.

Zambia govt set to unveil pro-poor budget

Zambian finance minister Alexander Chikwanda is expected to unveil a pro-poor budget on Friday, reflecting the shift in political priorities in Africa's biggest copper producer since opposition leader Michael Sata's September election upset.

Glencore to buy Mercuria stake in coal miner

Commodities giant Glencore has signed a deal to buy energy trader Mercuria's 15 percent stake in South Africa's Optimum Coal Holdings (OCH) in its drive to acquire the whole company worth around $1 billion, sources close to the agreement said.

Nigeria GDP rebasing may see big upward

Nigeria plans to change the base year for its gross domestic product (GDP) to 2008 from 1990, a move that could lead to a huge jump in the estimated size of Africa's second biggest economy, the national statistics chief said on Thursday.

SAfrica cbank holds rates, targets inflation

South Africa's Reserve Bank held interest rates on Thursday, choosing to focus on rising inflationary pressures in preference to propping up a sluggish domestic economy as uncertainties clouded the country's future rate path.

S.Africa's ANC suspends Malema for five years

South Africa's ruling ANC kicked out its firebrand Youth League leader, Julius Malema, from the party for five years on Thursday after finding him guilty of dividing and bringing the 99-year-old liberation movement into disrepute.

Power cut hits Zambia's Copper Belt

A four-hour power cut hit Zambia's capital and main mining region on Wednesday, although it was not clear what if any impact there was on output from Africa's biggest copper producer.

Fire Out on Shell Nigeria Pipeline, Output Curbed

Fire broke out on Wednesday on the Okordia/Rumuekpe oil pipeline in Nigeria and some production has been shut down, but the blaze has since been put out, a spokesman for operator Royal Dutch Shell said.

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