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Africa

BANKING & FINANCE

FirstRand earnings slump by 46%
South Africa's FirstRand Banking Group has reported a 43% decline in attributable earnings from R11,3bn to R6,5bn for the year ended June....
Egypt: Constructing a Correction
The Egyptian government has long been chipping away at the country's shortage of affordable housing, but its recent expansion of mortgage financing...

Gold Fields gives upbeat forecast for Q4 production estimates
Gold Fields Limited (NASDAQ : GFI) today updated its operational guidance for Q4 F2009. Attributable production for Q4 F2009 is expected to increase...

Tightening liquidity heralds stock exchange slow down in Nigeria
2009 is shaping up as a transitional one for Nigerian capital markets, with investors still cautiously trading as the effects of slower economic...
Nigeria Extends Aviation Concessions
The Nigerian government has reaffirmed its commitment to extending the partial privatisation of the nation's airports, despite lingering doubts over...

Nigeria to restructure how it deals with International Oil Companies
Wide-sweeping changes to Nigeria's energy sector are under review as the federal government considers concerns from international oil companies over...
Anadarko announce oil discovery in offshore Sierra Leone
Anadarko Petroleum Corporation today announced a deepwater discovery at the Venus exploration well in block SL 6/07 offshore Sierra Leone. The...

Gafisa's Quick 20% Return in Two Weeks
Gafisa made a pitstop about 2 weeks ago; it was a nice opportunity to add shares, and I wish more companies would have some news item that let us...
Miners drop seven year old complaint against Arcelor Mittal
HARMONY Gold Mining & DRD Gold yesterday withdrew their seven-year-long complaint against ArcelorMittal for charging excessive prices for...

SAB opens subsidiary in Namibia
Global brewing giant SABMiller has announced that it had been granted a license by the Namibian government to brew and bottle beer in...

TECHNOLOGY & MEDIA

Vodafone launches innovative VoIP service in Netherlands
Vodafone Netherlands has introduced a new service add-on that allows mobile VoIP services, called Internet Totaal Blox. The Internet Totaal Blox is...
Improved forecast from Infosys could point to real recovery
Indian software & services giant Infosys has announced its results for Q2 2009 & has correspondingly raised its forecast for...

Burundi: room for more mobile operators or set for consolidation?
Burundi, one of the the poorest countries in the world, has an exceptionally low GDP, largely due to civil wars, corruption, poor access to...
Somalia: while daring operators turn a profit, it's the bad news that tends to reach us
Somalia - often in the news, but, sadly, this rarely seems to be for positive reasons. Just this week,