Apart from a fast-growing economy, Emery Rubagenga, CEO at ROKA Mining, says Rwanda has been developing its business facilities, which makes it more attractive for investors.» Read More
LONDON, March 7- Women in the world of finance must not be scared to look further afield if opportunities at their current employer dry up. "I became very frustrated, so I left," says Javary, who 20 years later now advises BNP Paribas' most senior clients and coordinates the bank's corporate finance team in Europe, Middle East and Africa.
*Gold still heads for weekly gain on Ukraine tensions. LONDON, March 7- Gold tumbled more than 1 percent on Friday after stronger-than-expected U.S. jobs data helped soothe fears of an abrupt slowdown in the world's biggest economy. Gold futures for April delivery fell $16.70 to $1,335.00 an ounce.
PARIS, March 7- If French food group Danone decides to sell its slowing medical nutrition business, it is most likely to invest the proceeds in its faster growth baby food and dairy businesses, targeting acquisitions in Asia and Africa.
*Says offered to let Casablanca appoint two independent directors. Casablanca, Cliffs' fifth-largest shareholder with about a 5 percent stake, nominated six directors for election to the company's 11- member board on Thursday. Cliffs said on Friday it had offered to let Casablanca appoint two independent directors.
On Friday Cliffs said that it offered Casablanca the opportunity to appoint two independent directors to its 11- member board and a third mutually agreed-on board member to be named in the future. Cliffs said it tried to reach a settlement with Casablanca in order to avoid a "costly and distracting" proxy contest.
*Rain-fed cereal areas in Syria and Iraq hurt. Varying degrees of drought are hitting almost two thirds of the limited arable land across Syria, Lebanon, Jordan, the Palestinian territories and Iraq. The dry season has already hurt prospects for the cereal harvest in areas of Syria and to a lesser extent Iraq.
*Says offered to let Casablanca appoint two independent directors to the board. "We are disappointed that Casablanca seems intent on waging a public campaign rather than continuing its private engagement with Cliffs' board and management team," Cliffs said on Friday, adding that it was ready to engage with Casablanca.
NEW YORK-- They say you can never be too rich or too thin. Did Jesus really look like Brad Pitt, only slightly better? "Listen, films are big business," says Steven Kraftchick, professor at Emory University's Candler School of Theology.
March 7- Iron ore producer Cliffs Natural Resources Inc said Casablanca Capital LP rejected an offer to settle a proxy fight and the activist investor was seeking full control of the company's board. Cliffs said it offered to allow Casablanca appoint two independent directors to the board.
*Gold heads for 2 percent weekly gain on Ukraine. LONDON, March 7- Gold edged lower on Friday, as investors marked time ahead of a U.S. jobs report, but the metal was on track for a fifth straight week of gains on support from a weaker dollar and tensions in Ukraine. Gold futures for April delivery were down 0.2 percent at $1,348.90 an ounce.
CHICAGO, March 6- Robert Ray, chief executive officer of CME Group Inc's planned European exchange, has died at age 60, the futures market-operator said on Thursday. Ray previously was responsible for CME's business and sales strategy in Europe, the Middle East and Africa and Latin America, according to a biography on the company's website.
LONDON, March 6- The worldwide investigation into allegations of manipulation in the global currency market took another twist on Thursday, as Bank of America suspended a senior trader in London, a source familiar with the matter said on Thursday.
JOHANNESBURG, March 6- Foreigners stayed away from Nigeria's latest Treasury bill auction, the first since the suspension of the central bank's graft-fighting governor, in a sign that investor confidence is yet to recover after the banker's removal. Nigeria offered 180 billion naira in Treasury bills on Wednesday, with a similar amount maturing this week.
LONDON, March 6- Egypt is enhancing exploration terms and striving to repay nearly $5 billion it owes to foreign oil and gas producers as it struggles to prevent them fleeing to more promising prospects elsewhere in Africa. But investors are hesitant- Egypt pays them barely enough to cover investment costs.
LONDON, March 6- Ukrainian and Russian assets fell on Thursday after Crimea's parliament voted to join Russia and the United States ordered sanctions on those involved in undermining democracy in the region. "Markets are still very sensitive to Russia/ Ukraine related headlines," said Luis Costa, emerging markets strategist at Citi, in a client note.
*Zimbabwe takes the hard line on minerals beneficiation. *DRC, Zambia want to tax copper concentrate exports.
NAIROBI, March 6- Kenyan entrepreneur Ayisi Makatiani scrapped his first effort to launch a private equity fund 10 years ago because his pitch to invest in Africa couldn't raise enough cash to make it work.
ATLANTA-- Grammy-nominated singer Akon has a goal of bringing solar-powered electricity to 1 million homes in Africa by the end of the year, and the singer is using millions of his own dollars for the cause. He's partnered with Give1 Project, ADS Global Corporation SA and public-private solar energy companies.
LONDON, March 6- Ukrainian dollar bonds fell around 1 cent on the dollar on Thursday towards the previous day's lows on concern about possible debt restructuring following comments by Ukraine's finance minister.
Panaji, India, March 6- A consortium led by Steel Authority of India Ltd, the country's second-biggest steelmaker, hopes to buy coal mines overseas in the next few months when it has completed due diligence on facilities in Indonesia, Mozambique and the United States.