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Business Africa

  • BEIJING, Oct 16- China's internet restrictions have struck a "new blow" against foreign companies working there, Germany's ambassador said on Monday, warning that such moves could undermine Beijing's political and commercial ties with the world. "Unrestricted internet access via VPN is vital if China wants to take maximum advantage of international...

  • *Mercuria bets on power markets in U.S., China. LONDON, Oct 16- For major trading houses that ship millions of barrels of oil every day, the prospect of diminishing fuel demand and a shift to renewable power poses a brain-racking challenge with few obvious solutions. Vitol, as well as rivals including Glencore and Gunvor, sees many growth opportunities in the...

  • ABUJA, Oct 15- Nigeria's government plans to accelerate its revenue strategy aimed at diversifying Africa's biggest economy away from its reliance on crude oil sales now that it has emerged from recession, the finance minister said on Sunday. Adeosun, whose statement was based on comments she made in Washington following annual meetings with the...

  • RABAT, Morocco— A remarkable restaurant in Morocco's capital offers its guests the opportunity to enjoy a full, fresh meal for just $6. But what's most remarkable are its chefs: all are developmentally disabled. "At first it's not an easy thing to teach them cooking, but day after day, thanks to their desire for learning and their passion, they are really developing...

  • Oct 15- Iran has signed a flurry of deals with foreign companies since the easing of international sanctions on Tehran in 2016 after it agreed to limits on its disputed nuclear programme. Below is a list of deals and memoranda of understanding Iran has signed over the past year. But Chief Executive Ben van Beurden said Shell had no near-term investment...

  • TUESDAY, OCTOBER 17 WARSAW- National Bank of Poland holds Monetary Policy Council Meeting. SYDNEY- Panel participation by Luci Ellis, Assistant Governor of the Reserve Bank of Australia, at the 9th Annual Australian& New Zealand Investment Conference 0030 GMT. SYDNEY- Reserve Bank of Australia will release the minutes of October monetary policy meeting- 0030...

  • CAPE TOWN, Oct 13- South Africa's department of environmental affairs has granted authorisation to state-owned power utility Eskom to build a new 4,000 megawatt nuclear power plant in the Western Cape, according to a letter seen by Reuters. Construction at Duynefontein, close to South Africa's only existing nuclear site Koeberg, will only go ahead once the...

  • President Xi Jingping.

    A research lab published new data this week that shines a light on Chinese development aid.

  • JOHANNESBURG, Oct 13- Klippies and coke. These are the orders ringing out in bars across South Africa as thrifty consumers switch from imported, big-brand whisky to various types of locally produced brandy to quench their thirst. Pernod Ricard sells more Jameson in South Africa than anywhere else apart from the United States.

  • TUESDAY, OCTOBER 17 WARSAW- National Bank of Poland holds Monetary Policy Council Meeting. SYDNEY- Panel participation by Luci Ellis, Assistant Governor of the Reserve Bank of Australia, at the 9th Annual Australian& New Zealand Investment Conference 0030 GMT. SYDNEY- Reserve Bank of Australia will release the minutes of October monetary policy meeting- 0030...

  • *Grace Foods to divide UK and European business. But unlike the majority of company bosses who are reluctant to make concrete plans when a future trade deal with Europe has not yet been decided, Reader is not going to wait. Instead, he's charging ahead with investments that will split his operations between Britain and Europe, a strategy he is confident will...

  • ATLANTA— A new exhibition opening in Atlanta encourages visitors to abandon their preconceived notions about Africa and explore the creative efforts of people using design to bring about change on the vast continent. "Making Africa: A Continent of Contemporary Design" opens Saturday at Atlanta's High Museum of Art. Too often people associate Africa with...

  • SHANGHAI, Oct 12- China has established a payment versus payment system for Chinese yuan and Russian rouble transactions in a move to reduce risks and improve the efficiency of its foreign exchange transactions. China has ambitious plans to create a New Silk Road to expand links between Asia, Africa, Europe. Russia and Central Asia are considered top-priority...

  • South Africa's businews actually taking a stand

    Lesetja Kganyago, South Africa's central bank governor, speaks about corruption in the country and interest rate policy.

  • The recent rise in Libyan production has complicated an OPEC- led push to cut global production and bolster oil prices, from which Libya is exempt. Sanalla said Libya had explained its production challenges to OPEC and non- OPEC producers in the past few months. "Our colleagues in OPEC and non- OPEC understand the situation, theres uncertainty in Libya...

  • LONDON, Oct 11- Libya's National Oil Corporation is mobilising key stakeholders to protect its output, which it said has been curtailed by it only receiving 25 percent of its 2017 budget. The recent rise in Libyan production has complicated an OPEC- led push to cut global production and bolster oil prices, from which Libya is exempt. Sanalla said Libya had...

  • JUBA, Oct 11- South Sudan's president was a no-show for the nation's first international oil conference, a gathering that also failed to attract prospective investors from the biggest global energy companies. South Sudan has 3.5 billion barrels of oil and 3 trillion cubic feet of natural gas in proven reserves, and is seen by companies as one of the last...

  • JUBA, Oct 11- South Sudan's president was a no-show for the nation's first international oil conference, a gathering that also failed to attract prospective investors from the biggest global energy companies. South Sudan has 3.5 billion barrels of oil and 3 trillion cubic feet of natural gas in proven reserves, and is seen by companies as one of the last...

  • *Nigeria and South Africa to drive regional growth. ABUJA, Oct 11- The economy of sub-Saharan Africa is seen growing more slowly this year than previously forecast, largely due to weak investment and productivity, the World Bank said on Wednesday. The Bank said the downgrade to 2017 projections was due to various conditions, including the failure of Nigeria- which...

  • *For other news from Reuters Global Commodities Summit, click on http://www.reuters.com/summit/COMMODITIES17. LONDON, Oct 11- Glencore looks set to cement its position as the world's second-largest oil trader as it tries to offset low volatility and tight margins with record volumes this year, its global head of oil, Alex Beard, told Reuters.