Africa
Kenya Power Costs May Decline as Improved Rains Boost Hydroelectric Plants Power costs in Kenya, East Africa’s
largest economy, may fall as seasonal rains raise water levels
at the nation’s hydroelectric plants, Kenya Power and Lighting
Co., the country’s only distributor of electricity, said.
South Africa, Uganda, Zambia: Sub-Saharan Bond and Currency Market Preview The following events and economic
reports may influence trading in sub-Saharan African bonds and
currencies today. Bond yields and exchange rates are from the
previous session.
Ghana's Government Planning to Sell a Diamond Mine and a Timber Plantation Ghana plans to sell a diamond mine,
a plantation and a sawmill as part of a sale of state assets,
the Divestiture Implementation Committee said.
Keangnam of South Korea Sells Madagascar Nickel Mine Stake for $31 Million Keangnam Enterprises Ltd., a South
Korean builder, agreed to sell stake in a Madagascar nickel mine
to state-run Korea Resources Corp. for 35.1 billion won ($31
million).
South African Competition Commission Needs More Funding, Business Day Says South Africa’s Competition
Commission needs an extra 237 million rand ($32 million) over
the next three years to cover its expenses, Business Day
reported, citing Chief Executive Officer Shan Ramburuth.
Reserve Bank to Publish Report on South African Repo, Prime Interest Rates South Africa’s central bank will
release a report in the next month or two on its investigation
into the spread between the repurchase and prime interest rates.
Tullow Expects Gazprom, Namcor to Join Development of Namibia's Kudu Field Tullow Oil Plc, the U.K. explorer
with the most drilling licenses in Africa, said OAO Gazprom may
join its Namibian Kudu project.
Transnet's South African Pipeline Costs Increase by 22%, Business Day Says Transnet Ltd.’s multiproduct
pipeline in South Africa will cost 2.75 billion rand ($371.5
million) more because of increased engineering and other costs,
Business Day reported, citing Neville Eve, Transnet’s general
manager for project development and execution.
U.S. State Department Official Apologizes for Remarks on Libya's Qaddafi U.S. State Department spokesman
Philip J. Crowley apologized for comments he made last month
about Muammar Qaddafi when asked about the Libyan leader’s call
for a jihad on Switzerland.
Sudan's Al-Bashir Must Respond to International Criminal Court, U.S. Says Sudanese President Umar al-Bashir
should respond to the Internaational Criminal Court’s requests
for more information regarding an indictment against him, Scott
Gration, the U.S. special envoy to Sudan, told reporters in
Nairobi today.
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