Edition:
United Kingdom

Wendell Roelf

Satellite company SAS Global joins rush to boost Africa connectivity

15 Nov 2018

CAPE TOWN, Nov 15 Sky and Space Global (SAS Global) is on track to launch 200 shoebox-sized nanosatellites by the end of 2020, betting that its low-cost model will prove a hit with telecoms customers in Africa.

UPDATE 3-MTN aims to offer mobile banking in Nigeria next year

13 Nov 2018

* Buys music streaming business Simfy (Adds MTN partnership with Chinese firms on new affordable 3G phones)

Nigeria's NNPC says Shell, ExxonMobil also looking at crude swaps

05 Nov 2018

CAPE TOWN, Nov 5 Nigeria's state oil firm NNPC could sign crude-for-product deals with Shell and ExxonMobil, similar to one signed with BP last week, a senior NNPC official said on Monday.

Equatorial Guinea's energy sector gets $2.4 bln boost -ministry source

05 Nov 2018

CAPE TOWN, Nov 5 Equatorial Guinea's energy industry has secured $2.4 billion of new investment from U.S. firms with 11 wells expected to be drilled from next year, an oil ministry source with direct knowledge told Reuters on Monday.

South Africans make bricks from human urine

02 Nov 2018

CAPE TOWN South African researchers say they have made bricks using human urine in a natural process involving colonies of bacteria, which could one day help reduce global warming emissions by finding a productive use for the ultimate waste product. | Video

Recession-bound South Africa sees wider budget deficits, low growth; rand dips

24 Oct 2018

CAPE TOWN South Africa predicted wider budget deficits and cut growth forecasts in a bleak budget on Wednesday that focused spending on infrastructure, manufacturing and agriculture to boost the recession-bound economy.

South Africa poised to adopt plan to boost local car industry suppliers

18 Oct 2018

CAPE TOWN South Africa is likely to adopt new plans for the country's car industry in December which aim to increase the local content of assembled cars to 60 percent by 2035 from around 38 percent now, a cabinet minister said on Thursday.

UPDATE 2-South Africa's Treasury says recession, falling revenue hurt public finances

16 Oct 2018

* Moody's to release review after next week's budget (Adds treasury official's comments on ratings, analyst)

Former South African central bank governor Mboweni takes over as finance minister

09 Oct 2018

CAPE TOWN South African President Cyril Ramaphosa on Tuesday appointed former central bank governor Tito Mboweni as finance minister, replacing Nhlanhla Nene who admitted to having meetings with the business family at the centre of alleged corruption. | Video

South Africa's service industry looks to cash-in on Brexit uncertainty

03 Oct 2018

CAPE TOWN, Oct 3 South Africa’s burgeoning call services sector, which gets more than half its work from Britain, could attract larger inflows as the impact of Brexit weighs and firms seek savings by moving operations offshore, industry officials said on Wednesday.

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