Africa
Rio Tinto Group and Chinalco Agree to Pact for Simandou Iron-Ore Project Aluminum Corp. of China agreed to
pay $1.35 billion for a stake in Rio Tinto Group’s Simandou iron
ore project in Guinea, in a sign relations between the world’s
third-largest mining company and China are thawing.
Bharti Said to Seek Legal Protection From Zain on $9 Billion Nigeria Deal Bharti Airtel Ltd., the Indian
phone company planning a $9 billion purchase of Zain’s African
assets, may ask Zain for legal protection from a dispute in
Nigeria, according to a person familiar with the negotiations.
Japan, Brazil to Help Mozambique Become Grain Exporter Through Aid Program Mozambique, which depends on
imports to meet about half its rice needs, aims to become a
grain exporter after achieving self-sufficiency as early as 2015
with technical and financial assistance from Japan and Brazil.
Athi River of Kenya Plans $20.8 Million Bond Sale to Fund New Cement Plant Athi River Mining Ltd., a Kenyan
cement manufacturer, plans to sell 1.6 billion shillings ($21
million) of bonds in April or May to help fund the building of a
new cement plant and a clinker unit in Tanzania.
Sub-Sahara African Stocks: East African, First Bank and George Williamson Mauritius’s SEMDEX Index fell 0.2
percent to 1,651.56 at the close in the capital, Port Louis.
Ghana Cocoa Board Widens Fertilizer Use on Plantations to Increase Yields The Ghana Cocoa Board plans to as
much as double the amount of land under fertilizer use as it
targets production of 1 million metric tons of the beans by
2012-13.
Benin Government Plans to Import Cement as Power Shortage Curbs Production Benin plans to import 18,000 tons
of cement a month from neighboring Togo after local production
was curbed by power shortages, the government said.
African Barrick Gold Raises $882 Million in London Initial Public Offering Barrick Gold Corp., the world’s
largest gold producer, raised 581 million pounds ($882 million)
selling shares of its African unit in an initial public offering
in London.
South Africa Seeks Longer-Term Debt as Bids Exceed Supply on 2023 Bonds South Africa received bids for more
than 13 times the amount available of its inflation-linked bond
due 2023, after offering the smallest amount in seven months to
diversify to longer-term debt.
Amec Plans to Expand Operations in West Africa, Uganda, Business Day Says Amec Plc plans to expand in Africa
to provide services to coal and iron-ore mining companies on
the continent, Business Day said, citing Tony Cruddas, Amec’s
president responsible for growth regions.
Nigeria Recalls Envoy to Libya After Qaddafi Calls for Partition of State Nigeria recalled its ambassador to
Libya after Muammar Qaddafi proposed Nigeria be split into two
nations on a religious basis.
VOA Denies Ethiopian Leader's Claim It Copies Rwanda Genocide Broadcaster Voice of America said Ethiopian
Prime Minister Meles Zenawi’s comparison of its local-language
news service with the Rwandan broadcaster accused of fomenting
that country’s genocide in 1994 was “incorrect and unfortunate.”
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