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Work on South Africa’s $72 billion nuclear plant to start in...

JOHANNESBURG: South Africa's tender for the estimated 1 trillion-rand ($72 billion) expansion of its nuclear power plants will begin in June when state utility Eskom...

South Africa’s credit rating downgraded to junk

CAPE TOWN: South Africa's credit rating has been downgraded to junk status by Standard & Poor’s (S&P) following the political crisis in the country.

Egypt sees March foreign reserves at over $28.5 bln, highest since...

CAIRO: Egypt's central bank expects foreign reserves to jump to over $28.5 billion for the month of March, the highest since March 2011, a bank...

U.S. firm seeks $561 million from Tanzania

DAR ES SALAAM: Symbion Power is seeking $561 million from Tanzania's state power supplier TANESCO via international mediation, accusing it of breach of contract,...

Botswana’s Choppies to spend $55 million on new stores

GABORONE: Botswana budget retailer Choppies Enterprises plans to spend 570 million pula ($55 million) to open more stores in Africa in the next 15 months,...

Russia has deployed forces in Egypt

CAIRO: Russia appears to have deployed special forces to an airbase in western Egypt near the border with Libya in recent days, U.S., Egyptian...

NIGERIA CHARGES SHELL, ENI WITH CORRUPTION

ABUJA: Nigeria has filed criminal charges of corruption against oil multinationals Royal Dutch Shell and Eni over the $1.1 billion sale of one of...

South Africa in talks with Airbus, Boeing to print 3D parts

JOHANNESBURG: South African researchers developing the world’s largest machine for producing aircraft parts using lasers to melt powdered titanium are in talks with Airbus...

Zimbabwe’s Mugabe rules out retirement

HARARE: Zimbabwean President Robert Mugabe, who turns 93 on Tuesday, has no plans to give up power, saying he has no "acceptable" successor in...

S.Africa and EU fight over chicken meat ‘dumping’

PRETORIA: South Africa's poultry industry says it is on the brink of collapse due to hotly-denied accusations that the European Union is dumping cheap...

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