Absa merges units in line with Barclays structure
Absa Group, the South African bank majority owned by British lender Barclays, said it would merge its business and retail banking units and has also created a small team of Barclays and Absa executives to lead its expansion across the continent.
Egypt liberals end electoral pact with Islamists
Egypt's leading liberal party Wafd has scrapped an electoral alliance with the Muslim Brotherhood, the country's largest political force, because it wants to field more candidates than the tie-up would have allowed, said a senior Wafd official.
Oil, land in focus when S.Sudan's president visits Khartoum
South Sudan's President Salva Kiir will address disputes over oil and territory when he arrives in Khartoum on Saturday for talks with Sudanese President Omar Hassan al-Bashir in his first visit since southern independence in July.
Turkey evacuates dozens of Somali blast victims
Turkey evacuated dozens of severely wounded blast victims from the Somali capital Mogadishu on Thursday, two days after a suicide bomber killed 72 people in the rebel al Shabaab group's deadliest attack since launching an insurgency in 2007.
Sniper fire holds up push into Gaddafi's hometown
Snipers hiding in a mosque and Muammar Gaddafi's favourite summit venue held back Libyan government forces trying to capture his hometown on Thursday, making forecasts of a quick end to the battle look premature.
Rebels kill 10 in eastern Congo attacks
Rebels in eastern Democratic Republic of Congo killed 10 people, including members of a local aid group, in attacks on vehicles travelling in the province of South Kivu this week, the local government said on Thursday.
Archbishop of Canterbury to press Mugabe on persecution
The Archbishop Bishop of Canterbury, Rowan Williams, wants to meet Zimbabwe's President Robert Mugabe during his visit to Africa and call on him to end a violent suppression of the Anglican Church and its priests in the country.
Kenya says LNG facility to cost about $500 million
Kenya expects a planned liquefied natural gas terminal to cost $500 million and take 3-5 years to build once it floats a tender in February 2012 as it seeks to diversify sources of electricity to meet rising demand, an energy official said on Wednesday.
AfDB welcomes Uganda rate hike, trims growth outlook
The African Development Bank (AfDB) on Wednesday applauded Uganda's four percentage point interest rate hike aimed at taming rampant inflation and said the cycle of monetary tightening was expected to trim economic growth in 2011.
S.Africa stocks rebound, track global equities
South African share prices rose on Wednesday with investors snapping up stocks they felt had been over-sold and as positive sentiment seeped back into global markets after Europe said it would protect the region's lenders from the euro zone crisis.
S.Africa bonds gain, rand firms against dollar
South African government bonds and the rand currency ended firmer on Wednesday, boosted after a minister said the government would keep a lid on spending and tracking gains elsewhere as global risk appetite picked up.
I.Coast intensifies fight against cocoa smuggling
Top world cocoa grower Ivory Coast has ramped up border security and warned cocoa dealers they could be prosecuted if they are caught smuggling beans to neighbouring countries, farmers and a government source said on Wednesday.
E.Africa gas rush eyed as Anadarko ups Mozambique
U.S. explorer Anadarko Petroleum Corp has raised its estimate of the amount of natural gas it has discovered offshore Mozambique by two thirds, lifting hopes that East Africa could become a major gas exporter.
Zimbabwe GDP seen slowing in 2012: finance minister
Zimbabwe's economy will grow at a slower pace in 2012 than this year as politics puts a drag on full recovery and inflation should stay in single figures, partly due to prudent fiscal policy, Finance Minister Tendai Biti said on Wednesday.
Mining surge to worsen Congo power deficit: official
Democratic Republic of Congo will see its energy deficit worsen dramatically in the next four years due to a surge in industrial demand from the mining industry, the country's national supplier said on Tuesday.
DR Congo diamond firms need $300 mln: official
Democratic Republic of Congo needs to invest some $300 million in its industrial diamond mining operations to revive a flagging sector and boost government revenue, a top mining official said.
Tanzania's CCM party hangs onto key seat amid decline
Tanzania's ruling party narrowly won a key parliamentary by-election after a tight race marked by low voter turn-out, pointing to a decline in popularity of the party even in regions where it enjoyed strong support.
Egypt army says won't propose presidential candidate
Egypt's army will not propose a candidate in the upcoming presidential election, its military ruler said on Wednesday, denying speculation that it may have in mind a military nominee who could be seen as out of step with a transition to democracy.
Libya's NOC seeks $6bln in sanctions debts
Libya's top oil body is pursuing international oil firms for bills worth around $6 billion that were left unpaid this year due to U.N. sanctions imposed in March, a source in the National Oil Corporation (NOC) told Reuters this week.
Libyan government forces push into centre of Sirte
Libyan government forces fought their way, street by street, into the centre of Muammar Gaddafi's birthplace of Sirte on Wednesday after their commanders said the battle for the city was entering its final hours.
Liberia court drops challenge to Sirleaf candidacy
Liberia's Supreme Court said on Wednesday it has dismissed a challenge to the eligibility of six candidates in next week's presidential election, including incumbent leader Ellen Johnson-Sirleaf and her main rivals.
S.Africa, Zambia approve Metorex-Jinchuan deal
South Africa and Zambia have approved the $1.1 billion bid by China's Jinchuan Group for copper and cobalt producer Metorex, bringing closer prospects for the deal to be finalised by November.
Kenya cbank to reopen 2-yr T-bond, yields seen higher
Yields on the reopened Kenyan two-year Treasury bond are expected to jump beyond those on short-term Treasury bills, given the anticipated hike in the central bank's benchmark rate on Wednesday, traders said.
Sudan asks exporters to repay dollar gains quicker
Sudan's central bank said on Tuesday export traders needed to repay foreign currency gains within three months instead of six, the latest measure to fight a scarcity of dollars driving up inflation.
S.Africa rand stabilises vs dlr, bonds edge higher
South Africa's rand steadied against the rand on Tuesday and government bonds edged higher as tentative calm returned to the market although local assets are still vulnerable to contagion fears over Greece's heavy debt burden.
Germany returns skulls from colonial era to Namibia
Germany repatriated to Namibia on Tuesday 20 African skulls taken from the area about a century ago when it was under its colonial rule and sent to Germany for questionable racial studies.
Turkey spreads its wings into Africa
Turkish Prime Tayyip Erdogan visited South Africa on Tuesday, the latest stop in a diplomatic drive into the resource-rich continent whose attention is increasingly fixed on emerging market relationships rather than old commercial ties to Europe.
Tanzania arrests 7 pirates after attack on oil vessel
Tanzania has arrested seven suspected Somali pirates after an attack on an oil and gas exploration ship operated by Brazilian petroleum company Petrobras off the coast of the east African country.
Gaddafi will Fight on to the End, Ex-Premier Says
Muammar Gaddafi's former prime minister said on Tuesday he believed the deposed leader was still in Libya and would carry on fighting the country's new leaders until the end.
Dalai Lama cancels highly charged S.Africa trip
The Dalai Lama, the Tibetan spiritual leader, cancelled a trip to South Africa planned for this week that had put Pretoria in a bind between its biggest trading partner China and one of its modern heroes, Nobel Peace Prize laureate Desmond Tutu.