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Reuters

Zimbabwe inflation jumps, interest rates rise

26th April 2007 Zimbabwe's annual inflation jumped to a record 2 200 percent in March, central bank Governor Gideon Gono said on Thursday as the country's economic and political crisis deepened.  

Nigeria cuts transactions costs by 40%

26th April 2007 Nigeria has slashed transactions costs on bonds and equities by 40 percent in both primary and secondary markets to promote competitiveness, the Securities and Exchange Commission said on Thursday.  

Copper nears 7-month high on supply worries, China

20th April 2007 Copper surged close to its seven-month high on Friday, fuelled by expectations that a robust Chinese economy will boost demand for base metals and on further supply tightness looming in Indonesia.  

Telkom aims to launch pay-TV next year

20th April 2007 South Africa's Telkom Media, majority owned by fixed-line phone operator Telkom, hopes to launch a cheap pay-TV service to rival Naspers' monopoly, the company said on Friday. 

Trinidad signs chemical plant deal with SA Isegen

20th April 2007 Trinidad and Tobago's state-owned National Gas Co. and National Energy Corp. have signed a memorandum of understanding with Isegen South Africa (Pty) Ltd. to build a $64-million maleic anhydride processing plant in the Caribbean nation, the gas company said on Thursday. 

De Beers launches restructuring of Diamdel unit

20th April 2007 Diamond giant De Beers has launched a restructuring of its Diamdel sales operation as part of a wider review to boost efficiency of the group, an official said on Friday. 

Malawi tobacco sales open with better prices

5th April 2007 Malawi's tobacco auction floors opened this week with prices supported by a smaller-than-normal crop, officials said on Thursday. 

SA's Q4'06 nonfarm employment, earnings rise

5th April 2007 South Africa's formal sector created 107 000 non-farming jobs in the fourth quarter of 2006, official data showed on Thursday, pointing to faster economic growth filtering through to the job market. 

Oil steady as British sailors leave Iran

5th April 2007 US crude oil prices steadied on Thursday as 15 British sailors left Iran, defusing political tension around the issue, while a sharp drop in weekly gasoline stocks in the United States supported the market. US light crude for May delivery was down 3 cents at $64,35 a barrel by 05:57 GMT after... 

Pressure grows to act on global trade imbalances

2nd April 2007 With just two weeks before a meeting of financial chiefs in Washington, pressure is growing on five major economic players to reveal the outcome of year-long secret talks on global trade imbalances. Some insiders call the International Monetary Fund-led initiative to wring specific policy actions... 

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