HARARE (Reuters) – China Energy Engineering Corp. (China Energy) has proposed the construction of a 1,000 megawatt floating solar plant on Zimbabwe’s Kariba dam at a cost of nearly $1 billion, documents showed on Monday. The southern African country is currently generating less than half of its 1,700MW power demand, due to the underperformance of …
China Energy plans 1000 MW floating solar plant in Zimbabwe Read More »
By Nelson Banya (Reuters) -South African thermal coal exporter Thungela Resources expects demand to stay strong, particularly in Asia, although prices have come off the record highs of 2022, Chief Executive July Ndlovu said on Monday. The firm’s annual profit jumped 97% in 2022, boosted by red-hot coal prices. Its headline earnings per share, the …
Thungela says coal prices softer but demand stays strong Read More »
(Reuters) – South Africa-based Tharisa Plc on Monday said it had agreed a $130 million debt facility with Société Générale and Absa as part of its debt capital programme. The platinum group metal (PGM) and chrome producer said the facility, which spans three and a half years, is made up of a loan of $80 …
Tharisa agrees $130 million debt facility with Absa, Société Générale Read More »
JERUSALEM (Reuters) – Israel’s transport minister on Sunday approved an aviation deal with Nigeria that will allow non-stop flights between the countries to begin next month for the first time, the ministry said. The agreement, which still needs cabinet approval in Israel, will let carriers from the two countries to operate flights between Tel Aviv …
Nigeria’s Air Peace to start nonstop Israel flights in April -Israel ministry Read More »
ACCRA (Reuters) – U.S. Vice President Kamala Harris said on Sunday that the United States will increase investment in Africa and help spur economic growth as she began a week long tour of the continent aimed at offering a counter to the influence of rival China. China has invested heavily in Africa in recent decades, …
US Vice President Harris promises greater investment for Africa Read More »
TRIPOLI (Reuters) – A subsidiary of Libya’s state-owned National Oil Corp (NOC) said on Sunday it had signed a contract with U.S.-based Honeywell for engineering work on the planned South Refinery project, likely to cost between $500 million and $600 million. NOC subsidiary Zallaf For Oil And Gas Co said in a statement the project …
Libya signs South Refinery contract with Honeywell Read More »
By Ahmed Eljechtimi RABAT (Reuters) – Morocco has restricted tomato exports since late February with a total ban in place from last week until Thursday to lower domestic prices, the head of the country’s main fruit and vegetable exporters’ group said on Friday. Lahoucine Aderdour, head of the Federation of Moroccan Exporters of Fruits and …
Morocco restricts tomato exports over high domestic prices Read More »
By Tannur Anders JOHANNESBURG (Reuters) -South African stocks fell on Friday after a plunge in European banking shares shook up the local market, while the rand weakened against a stronger U.S. dollar. On the Johannesburg Stock Exchange, the blue chip Top 40 index closed down 1.26% and the broader all-share index fell 1.18%. Banking stocks …
South African stocks fall as banking worries spread Read More »
By Tannur Anders JOHANNESBURG (Reuters) – Shares of South African food producer Premier Group surged by more than 11% after listing on Friday, in a vote of investor confidence in the company after recent market turmoil. Premier Group, held by billionaire Christo Wiese’s private equity firm Brait, is one of the oldest food producers in …
Shares of S.African food producer Premier surge 11% on debut Read More »
By Nelson Banya (Reuters) -South Africa’s Northam Platinum wants to take full control of Royal Bafokeng Platinum, but would consider a joint venture with rival Impala Platinum, Northam CEO Paul Dunne said on Friday. Northam has countered bigger rival Impala’s bid to acquire the mid-tier RBPlat, triggering a takeover battle that has run for more …
Northam wants control of RBPlat, but open to JV with Impala – CEO Read More »
