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 ($20.8
million) worth of bonds in April or May to help fund the
building of a new cement plant and a clinker unit in Tanzania.
South African Stocks Fall, Led by Anglo American, BHP Billition and Kumba South Africa’s FTSE/JSE Africa All
Share Index lost 176.42, or 0.6 percent, to 28,629.72 at 11:22
a.m. in Johannesburg, trimming its gain for the week to 1.3
percent.
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.
Tullow Nears Agreeing Total, Cnooc Uganda Deal, Wall Street Journal Says Tullow Oil Plc is close to agreeing
the terms of a partnership with Cnooc Ltd. and Total SA to
develop oil assets in Uganda, the Wall Street Journal reported,
citing unnamed people familiar with the deal.
African Barrick Gold Raises $882 Million in London Initial Public Offering Barrick Gold Corp., the largest
gold producer, raised 581 million pounds ($882 million) selling
shares of its African unit in a London initial public offering.
South Africa, Burundi, Zambia: Sub-Saharan African Bond, Currency Preview The following events and economic
reports may influence trading in sub-Saharan African bonds and
currencies today.
Namibia Ports Seeking $274 Million From Lenders for Walvis Bay Expansion The Namibian Ports Authority has
asked financial companies to bid for a contract to fund an
expansion of its Walvis Bay container terminal amounting to 2
billion Namibian dollars, according to a tender notice published
in the Namibian today.
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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