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Reuters

Ethiopia plans to split telecoms monopoly in two to spur competition

19th June 2018 Ethiopia plans to sell a 30% to 40% stake in its State-run telecoms monopoly to big telecoms companies and will split the company in two to spur competition, Prime Minister Abiy Ahmed said on Monday. Selling stakes in its lucrative telecoms monopoly and other assets could open Ethiopia, one of... 

Thyssenkrupp boards working hard to get Tata Steel deal-staff memo

18th June 2018 Thyssenkrupp needs to quickly clinch a deal for a planned European steel joint venture with Tata Steel, its chief executive said in an internal letter, adding this was necessary to determine the group's long-term strategy. "Therefore we are in close consultations with the supervisory board,"... 

Head of VW's Audi arrested in Germany over diesel scandal

18th June 2018 German authorities arrested the head of Volkswagen’s luxury arm Audi on Monday, the most senior company official so far to be detained over the carmaker’s emissions test cheating scandal. Munich prosecutors, who earlier this month widened their probe into Audi, said Rupert Stadler was being held... 

CAR struggling to resume diamond exports, tax revenue lags

18th June 2018 Despite a partial lifting of a ban on its diamond exports, the Central African Republic (CAR) is struggling to restore sales and seeing only a fraction of the tax revenue it once did, its mining minister said in an interview. As a member of the 81-nation Kimberley Process which certifies ethical... 

London, other cities call for new petrol and diesel car ban to start earlier

18th June 2018 London Mayor Sadiq Khan and other city leaders from across Britain said on Monday a government plan to ban the sale of new diesel and petrol cars should be brought forward by ten years to 2030, in the latest push to improve air quality. Prime Minister Theresa May's Conservative government said... 

Australia's Port Kembla reopens after cargo ship blaze

18th June 2018 A fire in the hold of a bulker ship on Monday briefly closed Australia's Port Kembla, the second-largest coal export port in New South Wales state, stopping shipping for eight hours. The port was shut soon after the blaze began before dawn on the MV Iron Chieftain as it unloaded dolomite, a... 

South Africa proposes 30% black ownership for mining firms within 5 years

16th June 2018 South Africa plans to raise black ownership at permit-holding mining companies to 30% from 26% within five years, the latest draft of a hotly-contested new industry charter showed on Friday. The government and miners had been at loggerheads over a previous version of the charter, which industry... 

Chile anti-trust regulator to probe Tianqi purchase of SQM stake

16th June 2018 Chile's anti-trust regulator FNE said on Friday it would open an investigation into the effects on the market of China's Tianqi purchase last month of a 24% stake in SQM, one of the world's top lithium producers. Chile's government under former President Michelle Bachelet in March filed a... 

Centrica, Tokyo Gas join Anadarko's Mozambique LNG project as buyers

15th June 2018 Britain's Centrica and Japan's Tokyo Gas have signed a non-binding agreement to buy liquefied natural gas (LNG) from Anadarko Petroleum's Mozambique acreage, a deal that will help the US company reach a final decision on the project. Centrica and Tokyo Gas will buy 2.6-million tonnes of LNG per... 

City of Johannesburg slams Eskom over power cuts

15th June 2018 The city of Johannesburg said late on Thursday that State-owned electricity company Eskom had failed to give adequate notice before implementing scheduled power interruptions, or loadshedding, to relieve pressure on the grid in the face of a wage strike. "Despite the city receiving communication... 

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