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  • JOHANNESBURG, July 7- South African shares fell almost 3 percent to six-month lows on Tuesday, knocked by a combination of Greece's problems and skidding commodity prices. Among blue chips, Kumba Iron Ore slumped again, shedding 6.5 percent as Chinese iron ore futures fell nearly 6 percent to 121.50 rand, its lowest in nearly three months on waning demand as...

  • GABORONE, July 7- Cupric Canyon Capital, a private equity firm backed by a unit of Barclays Plc, will spend $200 million to bring its copper-silver mine in Botswana to production, the company said on Tuesday. Construction of the mine, which will be built by Cupric's Botswana unit Khoemacau, is set to start in 2016 with the first copper expected to be shipped to the...

  • LONDON, July 7- Africa- focused Tullow Oil is turning to low-cost technology in its search for new oil reserves after the collapse in the price of crude and a poor run of discoveries forced the company to slash its exploration budget by 80 percent. British-based Tullow slashed its exploration budget for this year to $200 million from a target of $1 billion in 2014....

  • *Nigerian government arrears total $20 bln- report. *Buhari advised to increase debt, cut govt costs. JOHANNESBURG, July 7- Advisors to Nigerian President Muhammadu Buhari have recommended a root and branch overhaul of Africa's biggest oil industry and increased borrowing to help pay off $20 billion of government arrears, a reform proposal document shows.

  • FRANKFURT/ SAN FRANCISCO, July 6- Italy's Hacking Team, which makes surveillance software used by governments to tap into phones and computers, found itself the victim of hacking on a grand scale on Monday. The controversial Milan- based company, which describes itself as a maker of lawful interception software used by police and intelligence services...

  • BANGKOK— Thai customs officials said Monday they seized 250 kilograms of ivory— or about 130 tusks and pieces— hidden in crates being shipped from Africa to Asia. The haul was headed from Congo to Laos and transited through several countries in between, said the deputy director-general of Thailand's Customs Department, Chamroen Photiyod.

  • Renault launches Talisman, replacing laggard Laguna Monday, 6 Jul 2015 | 9:27 AM ET

    CHANTILLY, France, July 6- French carmaker Renault on Monday launched its new Talisman model, replacing the Laguna at the top of its private passenger vehicle range in the hope it will do better against the German competition. Aimed at a sector long dominated by German offerings from BMW and Mercedes, the Talisman will be marketed in France from the end of this year,...

  • *GPS, IT systems lifting yields, shedding jobs. VILJOENSKROON, South Africa, July 6- South African farmer Cobus van Coller scans the flashing computer screen in the cab of his harvester. As a result of these two new methods, which are revolutionising agriculture globally, South Africa is growing more food with less manpower-- a trend with profound social and...

  • HARARE, Zimbabwe— Twenty elephants exported to China would be "better off" in Chinese zoos rather than struggling wildlife parks in Zimbabwe, the southern African nation's minister in charge of wildlife said on Monday, dismissing protests from animal rights groups. Zimbabwe's national parks are overpopulated and the Zimbabwe National Parks and Wildlife...

  • FRANKFURT, July 6- Italy's Hacking Team, which makes surveillance software used by governments to police the web, appeared to be the victim of hacking on a grand scale itself on Monday. The Milan- based company, which describes itself as a maker of lawful interception software used by police and intelligence services worldwide, has been accused by...

  • Tanzanian lawmakers pass disputed petroleum bill Sunday, 5 Jul 2015 | 11:39 AM ET

    DAR ES SALAAM, July 5- Tanzania's parliament on Sunday approved a legal and regulatory framework for developing its nascent hydrocarbons industry, after days of contentious debate. East Africa has become a new oil and gas frontier after a string of discoveries that producers hope to exploit to supply energy-hungry Asian markets. Lawmakers are expected to...

  • *Battery storage still too expensive in most of Europe. NICE, France, July 5- A major pilot project by Europe's largest power network operator to integrate power from rooftop solar panels into the grid has shown that battery storage of renewable energy is not yet economically viable in Europe. The 30 million euro "Nice Grid" pilot is one of the biggest in a European...

  • CHICAGO, July 2- An experimental Johnson& Johnson vaccine completely prevented HIV infection in half of monkeys that got the shot and then were exposed to high doses of an aggressive virus, results that spurred the company to test the vaccine in people, academic and company researchers said on Thursday. The international trial is underway in 400 healthy...

  • Orange aims for growth in Africa, Middle East Thursday, 2 Jul 2015 | 1:14 PM ET

    LONDON, July 2- Telecom operator Orange aims to grow revenue from its Africa and Middle East operation by about 5 percent a year through 2018 and is looking for expansion opportunities in the region, Chief Financial Officer Ramon Fernandez said. Orange sees Africa and the Middle East as key to the French company's future, especially since it sold its mobile...

  • LONDON, July 2- International investors, dismayed by Nigeria's decision to delay a naira devaluation they see as long overdue, will hold back from its stock and bond markets, raising risks of a deeper crisis in Africa's biggest economy. "It will take a combination of weaker currency and higher interest rates to get us back to Nigeria," said Kieran Curtis, a bond fund...

  • ADDIS ABABA, July 2- A property boom in Ethiopia's capital is putting pressure on the government to keep homes affordable for some of Africa's poorest people who also live in one of its fastest-growing economies. Smart flats and hotels in mirror-glass buildings rise up in areas of Addis Ababa where shacks once stood. If I had enough money, I would buy more, "said...

  • ABUJA, July 1- Nigeria should merge its debt-laden airlines and create a national carrier in partnership with a global airline to boost revenue and create jobs, a ruling party strategy report seen by Reuters on Wednesday shows. Muhammadu Buhari, who was sworn in as president of Africa's top oil producer and biggest economy on May 29, is considering...

  • *Berlin plays down suggestion of policy rift with Paris. PARIS, July 1- France wants the euro zone to push for a deal with Greece before Sunday's referendum, President Francois Hollande said on Wednesday, in comments that differed sharply from those of German leaders. "It is our duty to keep Greece in the euro zone.

  • A statement published on the state-run Petroleum Exploration and Production Department website showed the 17 companies are from 11 countries including the United States, Russia, China and Africa's largest oil producer, Nigeria. London- listed Tullow Oil, which is already operating in Uganda alongside France's Total and China's CNOOC, was also on the PEPD...

  • DUBAI, July 1- Dubai- based Investbridge Capital, Centum Investment Company and education firm SABIS Holdings have agreed to set up a firm which will invest "hundreds of millions of dollars" establishing schools in Africa, the group said on Wednesday. "We expect to deploy hundreds of millions of dollars in the coming years," Mark DeSario, chief executive of...