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Reuters

India's Reliance buys east African oil retailer

4th September 2007 Indian refiner Reliance Industries said on Tuesday it had bought a majority stake and management control of east African oil retailer Gulf Africa Petroleum Corp (GAPCO) for an undisclosed sum. 

Gold inches up on oil, but muted ahead of data

4th September 2007 Gold inched higher on Tuesday as firm energy prices encouraged buying, but the market moved in a tight band ahead of the release of US economic data that may offer new direction to precious metals. 

Gold Fields to resume work at Driefontein shaft

4th September 2007 South Africa's Gold Fields was given permission to resume work at a shaft at its biggest mine after an earth tremor forced it to suspend operations, a company spokesman said on Monday. 

Trade diplomats 'roll sleeves up' in new WTO push

4th September 2007 Trade diplomats returned to the negotiating table on Monday for "practical and business-like" talks about the compromises needed to clinch a new global free trade accord this year. New Zealand Ambassador Crawford Falconer, who chairs the World Trade Organisation's (WTO) agriculture... 

Telkom puts units up for sale - paper

3rd September 2007 South African telecommunications group Telkom Ltd has put its stake in mobile phone business Vodacom and its fixed-line business up for sale, the Sunday Times newspaper said. 

Transnet selects US firm to build diesel trains

30th August 2007 South Africa's state-owned transport and logistics group, Transnet said on Thursday it had selected US-based manufacturer Electromotive Diesel (EMD) to build 212 diesel locomotives. 

Camec vows to fight Congo licence revocation

30th August 2007 Mining group Camec said it would fight the Democratic Republic of Congo's (DRC) move to revoke its mining licenses -- a decision it said was intended to derail the company's pursuit of Canada's Katanga Mining. 

Camec makes C$1,5bn bid for Katanga

29th August 2007 London-listed Central African Mining & Exploration launched a formal offer for Katanga Mining Ltd on Wednesday, but Katanga CE Arthur Ditto said he was not interested. 

Kenya says GDP to grow by 6,9% - 7% by end '07

27th August 2007 Kenya's economy is expected to grow by between 6,9% and 7% by the end of 2007, compared with 6,1% in 2006, the finance minister said on Monday. 

World gasoline prices ease on cheaper crude oil

24th August 2007 A recent tumble in crude oil prices has made gasoline less expensive at the pumps over the past month, providing some relief for drivers in many parts of the world, a Reuters poll showed on Thursday. 

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