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Libya's Haftar orders troops to fight harder during Ramadan

6th May 2019 Eastern Libyan forces commander Khalifa Haftar urged his troops trying to take Tripoli to battle harder and teach their enemies an even bigger lesson, because the Muslim month of Ramadan that begins on Monday was a month of holy war. His comments came just hours after the United Nations called... 

South Sudan says agrees oil exploration deal with South Africa

6th May 2019 South Sudan and South Africa will sign a production sharing agreement for an untapped exploration block in the East African country, whose production has been hampered by civil war, South Sudan's petroleum ministry said on Monday. The Exploration Production Sharing Agreement for Block B2 will be... 

Arctic nations to meet amid tensions over environment, resources

6th May 2019 Top diplomats from the US, Russia and other nations which border the Arctic meet in Finland on Monday to discuss policies governing the polar region, as tensions grow over how to deal with global warming and access to mineral wealth. Countries have been scrambling to claim territory or, like... 

South African private sector activity grows in April as electricity crunch eases – PMI

6th May 2019 Activity in South Africa's private sector grew in April, a survey showed on Monday, with easing electricity blackouts off-setting a slide in businesses selling prices as they continued to struggle with weak demand. IHS Markit's Purchasing Managers' Index jumped to 50.3 in April from 48.8 in... 

Egypt expects giant solar park to be fully operational in 2019

6th May 2019 Egypt expects the 1.6 GW solar park it is building in the south of the country to be operating at full capacity in 2019, the investment ministry said in a statement on Sunday. The $2-billion project, set to be the world's largest solar installation, has been partly funded by the World Bank, which... 

South African logistics firm recommends review of bulk liquid terminal tender

3rd May 2019 State-owned Transnet National Ports Authority (TNPA) will recommend to its board that a tender to build and operate a bulk liquid terminal in Durban be reviewed and possibly cancelled, a senior official said. The "Lot 100" tender at South Africa's main petrochemical hub Island View on the east... 

Wesfarmers' soft bid for Kidman spotlights lithium's financing issues

3rd May 2019 Wesfarmers's bid for Australia's Kidman Resources undervalues the lithium miner, analysts said on Friday, reflecting the financing difficulties the sector faces even as electric car makers warn of raw material shortages. Wesfarmers offered a 47% premium for Kidman, which is developing the Mount... 

Nigeria's NNPC reveals 132 firms companies bid for oil swaps

3rd May 2019 Nigerian State oil company NNPC said that 132 companies had bid for the right to swap the nation's crude oil for fuels as a tender for the deals closed on Thursday. The tender for the one-year contracts, dubbed direct sale, direct-purchase, was issued in March. NNPC extended the 2018 contracts... 

Australian battery materials plant eyes financing deal by end-June

3rd May 2019 Nickel miner Australian Mines hopes to lock in funds for a planned A$1.3-billion ($935 million) battery materials plant by end-June, its chief executive said, despite volatile prices that have crimped lending to the new energy sector. The company is talking with South Korean battery maker SK... 

Kenya's Safaricom FY earnings jump on upbeat M-Pesa growth

3rd May 2019 Safaricom, Kenya's biggest telecoms operator, said on Friday its core earnings for the full year rose to 89.6-billion shillings ($889.33-million). The company had reported an earnings before interest and taxation (EBIT) of 79.3 billion shillings in the previous year. 

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