SAL News For : 29-07-2010
Africa urged to make most of widespread optimism - (African - Economic)
Overwhelming majority 87% of CEOs of companies headquartered in Africa expect to see regional growth over 2011, the highest percentage anywhere in the...
(Source : Business Day)
Botswanaquotes Gem output may jump 36% as demand recovers - (Botswana - Economic)
Botswana, the worldquotes biggest diamond producer, may produce 24m carats of gems in 2010, 36% more than 2009, as demand recovers following a global...
(Source : Bloomberg)
Lecico to launch phase I of new tile plant by year-end - (Egypt - Corporate)
Lecico has announced that it plans to launch the first phase of its new tile plant in Burj-al-Arab by end-2010. Initially, the first phase, with a cap...
(Source : Zawya Dow Jones)
Egyptquotes GDP grows 5.9% in Q2 10 - (Egypt - Economic)
Egyptquotes GDP accelerated to an annualised 5.9% in the three months to end June 2010, indicating the country had rebounded from the global crisis, ...
(Source : Reuters)
Eni starts onshore oil production at Egyptquotes Arcadia - (Egypt - Corporate)
Italian oil and gas group Eni SpA said on 28 July 2010 it had started oil production from its new Arcadia field in Egypt just 45 days after its discov...
(Source : Reuters)
Ghana exchange expects two listings in 2010 - (Gambia - Economic)
Ghanaquotes stock exchange expects the local listing of London based Tullow Oil and a real estate company before the end of 2010, the first new listi...
(Source : Reuters)
Ghanaquotes SIC mulls rights issue, income jumps - (Ghana - Corporate)
Ghanaquotes biggest insurance company, SIC, is considering a GHC 25m (USD 17m) rights issue as it seeks to expand in West Africa, a senior company of...
(Source : Reuters)
Kenyaquotes KenolKobil swings to H1 profit, outlook rosy - (Kenya - Corporate)
Kenyan fuel marketer KenolKobil raised sales in its export markets and the aviation industry to return to profit and is bullish about the second half,...
(Source : Reuters)
Housing Finance eyes regional market to grow its mortgage portfolio - (Kenya - Corporate)
Housing Finance will tap regional markets for opportunities to boost its mortgage portfolio. Managing Director Frank Ireri said the firm was studying ...
(Source : The Standard)
Kenya central bank slashes rates, inflation risks low - (Kenya - Economic)
Kenyaquotes central bank unexpectedly cut its benchmark interest rate to 6.00% from 6.75% on 28 July 2010 and said there was room for commercial bank...
(Source : Reuters)
Moroccoquotes Ynna opens steel, ceramic plants - (Morocco - Corporate)
Moroccoquotes Ynna Holding has opened a steel plant and ceramic factory at a total cost of MAD 2.0bn (USD 233.4m), reversing a threat to freeze inves...
(Source : Reuters)
Ingwebu eyes Namibia expansion - (Namibia - Corporate)
Ingwebu Breweries has opened talks with a Namibian town seeking to import its famous brands; Indlovu Shake-Shake and the Calabash. Katima Mulilo, a Na...
(Source : New Zimbabwe)
The ASI managed a 26.17pts appreciation to close higher at 25,889.98 points on 28 July 2010 - (Nigeria - Economic)
On 28 July 2010, the ASI managed a 26.17pts appreciation to close higher at 25,889.98 while the market capitalization gained USD 0.04bn to close at US...
(Source : CSL)
Nigeriaquotes Access Bank sees NGN 3bn Q3 profit - (Nigeria - Corporate)
Nigeriaquotes Access Bank expects a pre-tax profit of NGN 3.05bn (USD 20.3m) in Q3 of 2010, it said on 28 July 2010. The company forecast gross earni...
(Source : Reuters)
Nigeriaquotes Ecobank H1 pre-tax profit falls 62% - (Nigeria - Corporate)
Nigeriaquotes Ecobank said on 28 July 2010 its H1 pre-tax profit fell 62% to NGN 2.38bn (USD 16m) from NGN 6.25bn a year earlier. Gross earnings decl...
(Source : Reuters)
Nigeriaquotes Sterling Bank swings to H1 profit - (Nigeria - Corporate)
Nigeriaquotes Sterling Bank said on 28 July 2010 it swung to a NGN 3.94bn (USD 26m) pre-tax profit in H1 of the year compared to a NGN 7.04bn pre-tax...
(Source : Reuters)
Total Nigeria says H1 pretax profit jumps 73% - (Nigeria - Corporate)
Fuel retailer Total Nigeria said on 28 July 2010 its H1 10 pre-tax profit jumped to NGN 4.79bn (USD 32m) from NGN 2.77bn in 2009. Turnover at Total, a...
(Source : Reuters)
Total says Nigerian Amenam crude loadings delayed - (Nigeria - Corporate)
French oil company Total said on 28 July 2010 that Nigerian Amenam crude oil production has been reduced slightly due to a technical issue. Amenam cru...
(Source : Reuters)
Nigeriaquotes economy grows by 7.68% in Q2 - (Nigeria - Economic)
Nigeriaquotes economy grew by 7.68% in Q2 of 2010, the central bank governor said on 28 July 2010 up from 6.68% in Q1 of 2010. quoteThe economy has ...
(Source : Reuters)
Nigeria/Egypt trade hit USD 116m - (Nigeria - Economic)
Egyptian Ambassador to Nigeria Shareef Nageeb has said that the volume of trade between Nigeria and Egypt in 2009 was more than USD 116m. He made the ...
(Source : Daily Trust)
AshakaCem posts NGN 2.4bn profit in 2009 - (Nigeria - Corporate)
The Chairman of AshakaCem Plc Brig. Emmanuel E. Ikwue has declared that the company made NGN 2.4bn profit before tax and a turnover of NGN 17.2bn in t...
(Source : Daily Trust)
First Quantum says to shut down Zambia copper plant - (Zambia - Corporate)
Canadaquotes First Quantum Minerals will suspend production at its Bwana Mkubwa copper processing plant in Zambia in August 2010 after running out of...
(Source : Reuters)
Zambia union aims to block Vale copper investment - (Zambia - Corporate)
Zambiaquotes largest mine workersquote union said on 28 July 2010 it aimed to block Brazilian firm Valequotes planned development of a USD 400m cop...
(Source : Reuters)
Lafarge launches Powerplus cement - (Zambia - Corporate)
Lafarge Cement Zambia Plc has launched Powerplus cement targeted at specialised building applications such as high strength concrete structures. And W...
(Source : Daily Mail)
Eunic wins ZMK 261m phone contract - (Zambia - Corporate)
Eunic a microsystems and consultancy firm has been awarded a contract to install communication systems at Mansa, Kasama and Chipata airports at a cost...
(Source : Times of Zambia)
Belgian firm to build Zimbabwe diamond school - (Zimbabwe - Economic)
A Belgian company, Kerogems Investment, is establishing a diamond school in Harare to help Zimbabweans acquire world-class expertise in cutting and po...
(Source : The Herald)
Govt mulls new Zisco bids criteria - (Zimbabwe - Economic)
The government is crafting new criteria of choosing bids for the Zimbabwe Iron and Steel Company after initial guidelines resulted in the Selection an...
(Source : The Herald)
Company to invest USD 40m in coal mining - (Zimbabwe - Corporate)
Makomo Resources Private limited, a company owned by a consortium of Zimbabwean businessman, will sink USD 40m in coal exploration at Entuba coalfield...
(Source : The Herald)
Caps to buy SA pharmaceutical concern - (Zimbabwe - Corporate)
Zimbabwe Stock Exchange listed drug manufacturer firm, Caps Holdings has concluded talks to acquire the entire shareholding of Merck (Pty) Ltd, a Sout...
(Source : The Herald)
CBZ to expand lending portfolio - (Zimbabwe - Corporate)
CBZ Bank Limited, the countryquotes largest lender by deposits and loan book, will play intermediary to the multiple lines of credit government has s...
(Source : News Day)
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