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Business & Economics

Business & Economics  

Nairobi

03:44 GMT 12th April 2011

The cost of petrol at pumps in the Kenyan capital is set to rise by more than 4 per cent after a routine monthly price review mid- March, a move that may accelerate inflation in east Africa's largest economy.
 

Yaounde

03:40 GMT 12th April 2011

Malaysia's Sime Darby is considering a $2.5bn plantation expansion deal in Cameroon, London's Financial Times reported in March, signalling the global grab for land is well underway as food prices soar.
 

Johannesburg

03:35 GMT 12th April 2011

Nationalisation of South Africa's mines and other economic assets is not government policy, finance minister Pravin Gordhan said in the latest government comment aimed at reassuring investors.
 

Kinshasa

03:15 GMT 12th April 2011

Canadian gold mining firm Kilo said in March it had found estimated reserves of 2.03 million ounces at its Adumbi Deposit in Democratic Republic of Congo.
 

A political minefield

10:11 GMT 28th March 2011

Zuma's hints that the government may embark on a mines nationalisation programme has caused jitters among the business community.
 

'Tipping point'

10:09 GMT 28th March 2011

Kenya's economy is expected to achieve robust growth, according to the latest economic forecast from the World Bank.
 

ADDIS ABABA

10:08 GMT 28th March 2011

Ethiopian Prime Minister Meles Zenawi ruled out the possibility of another major devaluation of the birr last month amid concerns the present rate is fuelling inflation in the Horn of Africa nation.
 

Maputo

10:06 GMT 28th March 2011

Mozambique, with vast unexploited coal reserves, expects to export 1 million tonnes of coal a year from July and then reach 10 million a year by 2016, its mines minister said in February.
 

Gaborone

10:04 GMT 28th March 2011

Botswana will issue an additional 10 billion pula ($1.6bn) of domestic bonds this year, the finance ministry said in a statement on its website last month.
 

Yaounde

09:57 GMT 28th March 2011

Economic growth in the six-nation Central African Cemac bloc will reach 4.8 per cent in 2011, up from 4 per cent last year, the grouping's regional central bank said in February.
 

Kinshasa

09:49 GMT 28th March 2011

France's Total is in talks to buy an oil block controlled by a South African consortium led by a unit of Johannesburg-listed SacOil, Total said in February.
 

Johannesburg

09:39 GMT 28th March 2011

The World Bank's Clean Technology Fund (CTF) is expected to take a final decision on a $350m loan for South Africa's power utility Eskom no later than June, a minis ter said mid-February.
 

Abidjan

04:10 GMT 25th March 2011

Disruptions to energy supplies have forced some cocoa processing facilities in Cote d'Ivoire to shut temporarily.
 

KHARTOUM

04:05 GMT 25th March 2011

A Chinese company has won a more than $1.2bn contract to build a new international airport in the Sudanese capital Khartoum, underscoring the close links between China and sanctions-hit Sudan.
 

Accra

03:58 GMT 25th March 2011

Ghana has increased its minimum daily wage by 20 per cent with effect from February 15, a trade union official said, citing an agreement reached by a committee representing employers, the government and labour groups.