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Thursday, 15 May 2008 04:58 AM EET
 
 
International Seaport Reopens for First Time After 11 Years  30 Aug 2006Basic Industries
Mogadishu’s International seaport has officially been opened for the first time after so eleven years of closure. Union of Islamic Courts second assistant chief Sheik Abdulkadir Ali Omar, accompanied
  BP to Supply PetroSA With 3 Condensate Lots From Oct  21 Aug 2006Basic Industries
  SINGAPORE Oil major BP will supply South Africa's state-owned PetroSA with three 300,000-barrel cargoes of condensate from end-October onwards, after a term contract with Shell expired in July,
Sanlam sees higher H1 profit  18 Aug 2006Basic Industries
South Africa's second-biggest insurance group Sanlam said it expects first-half headline earnings per share to increase as much as 38 percent, driven by new business and strong equity
ADM, Wilmar to Process Shea Nuts in Ghana  17 Aug 2006Basic Industries
Agricultural processing giant Archer Daniels Midland and Singapore's Wilmar Holdings will launch a joint venture in Ghana to process shea nuts into butter and oils, a spokesman for the venture
Newmont Sees Gold output Down Till '08  21 Jul 2006Basic Industries
Major gold miner Newmont's output will be slightly down in 2006 and 2007 before it begins to rise in 2008, Chief Executive Wayne Murdy said, adding that he expected gold prices to remain strong
S.Africa Construction Slows in Q2 - BER Survey  17 Jul 2006Basic Industries
Cfor residential buildings fell, but activity remained strong, an independent survey showed on Monday. Construction is the fastest growing sector in Africa's biggest economy, and expanded by
Honeywell Enters Kenyan Market  7 Jul 2006Basic Industries
Honeywell Process Solutions has entered the kenyan market in a major expansion drive. The firm’s regional general manager for Africa, Jason Whitehead, said the move was driven by the need to grow
Kenya Offers To Build Oil Pipeline From Southern Sudan To Lamu  4 Apr 2006Basic Industries
Kenya wants a pipeline built from Southern Sudan to the coastal town of Lamu to ship oil to regional and world markets. In a presentation to Southern Sudan government officials at a recent
300 Firms In Uganda Register For Diesel Tax Waiver  30 Mar 2006Basic Industries
Three hundred companies have registered to be considered for tax waivers on fuel used in generators but are frustrated by the Government's reluctance in effecting the requests. We have made
Oil Prices Remain Above US$64 Amid Strong Demand  29 Mar 2006Basic Industries
Crude oil futures held steady at above US$64 a barrel Tuesday amid strong demand sparked by the oncoming U.S. driving season and nagging worries about supply from Iran and Nigeria. Prices were firm
Cameroon Finance Controller Denounces Corrupt Contractors  23 Mar 2006Basic Industries
The Finance Controller for Meme, in Cameroon, Johnson Kum Ofon, has denounced contractors who try to entice him with five or 10 percent bribe for the execution of contracts. "People should go
ConAgra Foods Plans to Sell Businesses  16 Mar 2006Basic Industries
Focusing on what it calls its "highest potential brands," ConAgra Foods Inc. said Thursday that it plans to sell its seafood and cheese lines in addition to the planned sale of its
DuPont to Cut 1,500 Jobs, Raises Outlook  16 Mar 2006Basic Industries
Chemicals maker DuPont Co. said on Wednesday it plans to cut 1,500 jobs and close four facilities in Europe as it restructures its performance coatings business. The company also raised its earnings
Del Monte Foods to Acquire Milk-Bone  16 Mar 2006Basic Industries
Del Monte Foods Co., one of the nation's largest distributors of canned fruit and vegetables, said Thursday it is adding more pet products to its business, agreeing to acquire Milk-Bone dog
  Firm Failed to Protect U.S. Troops' Water  16 Mar 2006Basic Industries
  Halliburton Co. failed to protect the water supply it is paid to purify for U.S. soldiers throughout Iraq, in one instance missing contamination that could have caused "mass sickness or
Venezuela Warns Total on Tax Payment  15 Mar 2006Basic Industries
Venezuela's tax authority warned the French oil firm Total SA that it could have its administrative offices shut as soon as Friday if it fails to pay a US$107 million (euro89 million) tax
CVRD: China to Fuel Demand for Iron Ore  15 Mar 2006Basic Industries
Robust economic growth and urbanization in China will continue to fuel strong long-term demand for iron ore, an executive with the world's largest iron ore producer said Wednesday. "We
Mittal Presents Arcelor Takeover Plan  15 Mar 2006Basic Industries
Mittal Steel Co. on Wednesday presented the Luxembourg government with plans for the proposed takeover of its rival Arcelor SA. A statement from the Luxembourg government said it would "study

   
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