An oil pipeline running from Tanzania’s commercial capital Dar Es Salaam to the Zambian mining city of Ndola, about 1 349 km away, and costing $1.5-billion, is to be built by both countries to transport refined products between the neighbouring states. Tanzania Energy Minister Medard Kalemani confirmed the plans on Tuesday when he presented his [...]

As part of its commitment to reducing its environment footprint, global sugar producer AB Sugar has opened a call for ideas to tackle irrigation water loss through the Innovate Irrigation Challenge, an initiative launched in partnership with WaterAid and the Centre for Industrial Sustainability at the University of Cambridge. The winner of the challenge will [...]

South African media and tech group Naspers said on Wednesday it aims to float its consumer internet businesses on the Euronext stock exchange in Amsterdam on July 17. Naspers will retain a 73% stake in the new company, which will have a market capitalisation in excess of €100-billion and will hold Naspers' one-third stake in [...]

Inflation expectations are showing an “encouraging” decline toward the midpoint of the central bank’s target range while the country’s financial system remains stable, according to South African Reserve Bank Deputy Governor Daniel Mminele. “In contrast to many other emerging markets, inflows of nonresident capital, be they portfolio flows or bank loans, have not spilled over [...]

Pravin Gordhan seems poised to resume his Cabinet position as public enterprises minister, after filing a review application in the Gauteng High Court in Pretoria on Tuesday seeking to set aside a report by the Public Protector which found he violated the Constitution. This, despite an onslaught against Gordhan from within the African National Congress [...]

Airtel Africa, a subsidiary of Indian telecoms group Bharti Airtel, is considering a stock market flotation in London, it said on Tuesday, part of efforts to expand its data and mobile money services across Africa. The company is aiming to raise around $1-billion in a June equity offering, a source close to the deal said. [...]

Vodacom Group’s unit in the Democratic Republic of Congo (DRC) will lose the right to provide second-generation (2G) services this week unless it renews a disputed licence, according to a government order. The directive threatens to disconnect some of Vodacom Congo’s 11.8-million customers who’ve yet to switch to third-generation or fourth-generation services, or live in [...]

The European Union (EU) on Monday will take steps to get around a stranglehold the US has placed on the World Trade Organization’s (WTO's) appellate body, which would allow countries to continue to adjudicate disputes within the international system. Trade ministers from the 28-nation EU are expected to start the process of negotiating an interim [...]

Kenya is negotiating with the World Bank for a $750-million loan for budgetary support, documents on the proposed funding posted on the lender's website showed on Tuesday. The East African nation has multiple development funding programmes, worth billions of dollars, with the Washington-based lender, but the funding bypasses the Treasury and is usually channelled straight [...]

Kenya is negotiating with the World Bank for a $750-million loan for budgetary support, documents on the proposed funding posted on the lender's website showed on Tuesday. The East African nation has multiple development funding programmes, worth billions of dollars, with the Washington-based lender, but the funding bypasses the Treasury and is usually channelled straight [...]

South African telecoms company MTN said on Tuesday it would sell its interest in investment fund Amadeus to private equity firm HarbourVest for around R1.2-billion. MTN said the sale, which also includes its associated holding in online travel booking website TravelStart, was part of a plan to realise R15-billion worth of capital over the next [...]

The International Energy Agency (IEA) says countries intending to retain nuclear power as an option in their clean-energy transitions should support innovative new reactor designs with lower capital costs and shorter lead times, such as small modular reactors (SMRs). The recommendation is made in a newly released report, titled ‘Nuclear Power in a Clean Energy [...]