Glencore starts 'business rescue' at South Africa coal unit


JOHANNESBURG - Glencore has begun a business rescue process at its South African coal unit due to "unsustainable financial hardship" in supply agreements with power utility Eskom [ESCJ.UL], the company said on Tuesday.

Recent Africa News

French police arrest Gabon senior official in corruption probe 03 Aug 2015

PARIS - French police arrested the chief of staff to Gabon's president Ali Bongo on Monday as part of an investigation into the corruption of a public official, a judicial source said.

Burundian activist shot amid violence tied to contested presidential vote 03 Aug 2015

BUJUMBURA - A prominent Burundi human rights activist who openly opposed President Pierre Nkurunziza's controversial bid for a third term in office was shot and seriously injured on Monday, a family member and witnesses said.

Doping claims will harm reputations and earnings - Kenya's Kipchoge 03 Aug 2015

NAIROBI - London Marathon winner Eliud Kipchoge fears the reputation and earnings of Kenyan runners will be hit by fresh doping claims in the media, including allegations former Olympic medal winners had suspect blood readings.

Kenya dismisses athletics doping reports as smear campaign 03 Aug 2015

NAIROBI - Kenya's athletics body said on Sunday that media reports alleging doping among its runners were a smear campaign ahead of world championships in Beijing.

Nigeria's army says rescued 178 captives of Boko Haram 02 Aug 2015

ABUJA - Nigeria's army said late on Sunday that it rescued 178 people held by Islamist militant group Boko Haram in Nigeria's Borno state, the heartland of the insurgency.