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Govt to accelerate licensing of new radio spectrum – Ramaphosa

10th September 2018 President Cyril Ramaphosa said on Monday that the government will accelerate the long-delayed licensing of radio frequency spectrum to mobile operators. Allocation of spectrum is seen as key to expanding broadband services in Africa's most industrialized economy, where the high cost of... 

MTN CEO confident about Nigeria dispute as firm applies for injunction

10th September 2018 Telecoms firm MTN Group said on Monday it was confident a multi-billion dollar dispute with the Nigerian government would be resolved even as it applied for a court injunction to protect its Nigerian assets. Nigeria's central bank last month ordered MTN's Lagos-based unit to hand over... 

Potanin returns 2% in Norilsk Nickel to Abramovich -sources

10th September 2018 Russian billionaire Vladimir Potanin has returned a 2% stake in Norilsk Nickel to Roman Abramovich and his partners, according to a source in a holding which manages Potanin's assets and a source familiar with the matter. The original sale of the stake was disputed in a London court by aluminium... 

Congo mining revenues triple in H1; oil revenues fall by a third

10th September 2018 Democratic Republic of Congo's revenues from its mining sector nearly tripled in the first half of 2018 over the same period last year to $864.61-million, the finance ministry said. Revenues from the hydrocarbons sector, however, declined by a third to $67.75-million, the ministry said in a... 

Rushydro says sanctions cloud prospects for joining Rusal's smelter

10th September 2018 Plans by Russia's power company Rushydro to join a new aluminium smelter project that Rusal wants to build in Siberia, have been complicated by international sanctions, Rushydro's head Nikolai Shulginov said on Monday. Rusal, ranked the world's No.2 aluminium producer after China's Hongqiao,... 

Mali's Keita names new defence and mines ministers for second term

10th September 2018 Malian President Ibrahim Boubacar Keita named new defence, mines and foreign ministers on Sunday as he began his second five-year term presiding over a country ravaged by jihadist and inter-ethnic violence. Keita was sworn in last week after winning a landslide re-election despite escalating... 

South Africa may miss tax take target, says finance minister

10th September 2018 South Africa's tax take could well be lower than forecast this year, with a downturn in the economy exacerbating problems at the tax revenue service, Finance Minister Nhlanhla Nene said on Monday. The country entered recession in the second quarter for the first time since 2009. 

Tianqi Lithium says will comply with Chilean regulator on SQM investment

10th September 2018 hina's Tianqi Lithium said on Saturday that it has agreed to comply with conditions set out by Chile's anti-trust regulator FNE regarding Tianqi's purchase of a stake in lithium producer SQM. In a statement, Tianqi Lithium said the decision represents an important next step in the process of... 

Kenya economic growth to be curbed by new tax on fuel – industry

7th September 2018 Kenya's economic growth momentum for this year could be snuffed out if a widely unpopular 16% value-added tax on fuel is maintained, the country's chamber of commerce said on Friday, pointing at higher prices of goods and transport. The tax, which came into force on September 1, is part of a... 

Pollution regulator issues notices to Coal India for environmental non-compliance

7th September 2018 The pollution regulator for the central Indian state of Odisha issued notices to Coal India mines with a combined annual capacity of 20-million tonnes for non-compliance on environmental norms, according to a document seen by Reuters. The notices, issued in July and August to 2 mines, alleged... 

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