Business Africa

  • NAIROBI, Oct 3- Kenya's central bank said on Wednesday it intended to absorb 8 billion shillings in excess liquidity in the money markets through repurchase agreements. The bank has persistently mopped up liquidity most of this year to support the shilling, which is 0.3 percent stronger than the dollar in the year-to-date.

  • JOHANNESBURG, Oct 3- Workers have gone on an illegal strike at Kumba Iron Ore's Sishen mine in South Africa's Northern Cape province, the latest wildcat action to roil the country's mining sector.

  • JOHANNESBURG, Oct 3- Pick' n Pay Stores Ltd:.

  • LONDON, Oct 3- Pearson Chief Executive Marjorie Scardino is to step down after 16 years in the job in which she transformed the group from a diverse set of assets into an educational and media powerhouse.

  • JOHANNESBURG, Oct 3- Anglo American Platinum Ltd:.

  • LONDON, Oct 3- Marjorie Scardino, the chief executive of publishing group Pearson, is to step down at the end of the year after 16 years in the job, bringing to an end a period of transformational change for the group.

  • Oct 3- McNally Bharat Engg Co Ltd:.

  • DIARY For South Africa corporate diary, click on For southern and South Africa diary, click on ECONOMIC EVENTS. The dollar firmed and most riskier assets fell on Wednesday as data from China and Australia added to gloom about the global economic outlook, which already was deepened by uncertainty about the timing of Spain's request for a bailout.

  • *TANZANIA- Bank of Tanzania to auction a 10- year fixed rate Treasury bond. *KENYA- The Nairobi Securities Exchange and FTSE International launch the. *KENYA- Central Bank of Kenya auctions 364- day and 182- day Treasury bills.

  • Harroura is said to have previously worked for Libya's Zueitina Oil Company. Abushagur nominated Omar al-Aswad as interior minister while Abdelsalam Jadallah al-Obeidi was named as defence minister.

  • YAOUNDE, Oct 3- Cameroon's government has agreed to buy two Boeing 787 Dreamliners for 218 billion CFA francs for its new national carrier Camair-Co. Camair, established to replace now defunct Cameroon Air, began providing international routes to Paris and the Chadian capital N'Djamena as well as a number of domestic destinations last year.

  • TRIPOLI, Oct 3- Libyan Prime Minister-elect Mustafa Abushagur presented his cabinet line-up on Wednesday to the ruling national congress for its approval. Abushagur, in a televised session, nominated Mabrouk Issa Abu Harroura as the North African country's new oil minister. He said the post of foreign minister had yet to be filled.

  • JOHANNESBURG, Oct 3- South Africa's Chamber of Mines agreed to re-open wage talks in the coal and gold mining sectors, the National Union of Mineworkers said on Wednesday, in a clear response to escalating wildcat strikes sweeping through the industry.

  • *Qua Iboe valued at dated plus $2.20- $2.60. LONDON, Oct 3- Nigerian crude oil differentials slipped a little on Wednesday as a small overhang of November-loading cargoes encouraged sellers to move lower. *Qua Iboe: 5- 10 cents per barrel lower, traders said.

  • DAR ES SALAAM, Oct 3- The yield on Tanzanian 10- year Treasury bonds edged higher at auction on Wednesday to 15.28 percent from 15.06 percent at a previous auction in August. The Bank of Tanzania issued the following results:.

  • NAIROBI, Kenya-- Doctors in Kenya's public hospitals on Wednesday spent their 17th day on strike to protest the dilapidated state of public health care. Emergency rooms in some of Kenya's public hospitals frequently don't have gloves or medicine, and power outages sometimes force doctors to use the light from their phones to complete a procedure.

  • SINGAPORE, Oct 3- U.S. crude slipped below $92 a barrel on Wednesday, pressured by worries of slowing economic growth in the main consumer nations, while the festering euro zone debt crisis added to uncertainty. was down 24 cents at $91.65 a barrel by 0009 GMT, after settling down 59 cents at $91.89 on Tuesday.

  • --ContourGlobal Power Holdings S.A. is issuing a $350 million senior secured term loan with a five-year term. The loan is supported by a guarantee from ContourGlobal L.P., the parent.

  • *Says it was awarded a contract by Statoil Tanzania. *To perform pre-feed studies for a prospective LNG facility in Tanzania;. project is expected to be completed during 2013..

  • LONDON, Oct 2- Britain's mobile operators have put aside their hostilities and agreed to accelerate the roll-out of super fast broadband to prevent Britain from falling further behind in the race for connectivity.