Africa
South African Central Bank May Secure Support From Credit Data: Week Ahead South African credit demand
probably contracted for a fifth month in February, indicating
the fragility of the economic recovery and backing the Reserve
Bank’s unexpected interest rate cut last week.
Ivory Coast Mid-Crop Cocoa Harvest May Drop 9%, Helping Prices: Week Ahead Cocoa production in Ivory Coast,
the world’s biggest grower, may decline 8.6 percent in this
year’s mid-crop season because of poor rains, spurring global
prices for the commodity.
World Bank Urges U.S. Backing on $3.75 Billion Loan For Eskom Power Plant The World Bank is urging the U.S.
to back a $3.75 billion loan request from Eskom Holdings Ltd.
for a coal-fired power plant that the South African state-owned
utility is seeking to help guarantee energy supplies.
Mondi Issues a $672 Million, Seven-Year Eurobond to Pay Down Its Bank Debt Mondi Ltd., Europe’s largest maker
of office paper, said it issued a 500 million-euro ($672
million), seven-year eurobond to pay down existing bank debt.
McDonald's Won't Supply Food at South African Soccer World Cup Stadiums McDonald’s Corp., the world’s
biggest restaurant company, waived right to exclusively supply
food at South African soccer stadiums and fan parks during the
World Cup tournament in June.
Rand Rises For Second Day Versus Dollar on IMF Greek Pledge, Metals Prices The rand strengthened for a second
day against the dollar after the European Union and the
International Monetary Fund pledged to help Greece, and higher
metal prices improved South Africa’s earnings prospects.
Sub-Saharan African Equities: BOC Kenya, Cement Co., Jubilee, Zenith Bank The Nigerian Stock Exchange All-
Share Index rose to its highest close since July 13 last year,
advancing 2 percent to 25,836.29 in Lagos, Bloomberg data show.
The index has risen 24 percent this year.
Anglo Platinum Says 99.5% of Its $1.7 Billion Rights Offer Subscribed For Anglo Platinum Ltd. said 99.5
percent of its rights offer was subscribed for.
African Nations Meet to Plan a Regional Trade Boost to Reverse Job Losses African Union finance ministers and
central bank governors are pushing for increased regional trade
on the continent after the global financial crisis cut jobs and
pushed more people into poverty.
Angola's Kwanza Falls to a Record Low Against the Dollar on Transfer Curb The Angolan kwanza fell to its
lowest level against the dollar since it was introduced in 1999,
according to Bloomberg data.
African Union Wants a Tax on Oil Exports to Help Reduce Reliance on Donors The African Union wants member
states to impose levies on exports and imports, including a 2
percent tax on oil exports, to help fund its programs and reduce
its reliance on donors, a senior AU official said.
Southern Sudan's Ruling Party Not Backing Calls to Delay National Election Southern Sudan’s ruling Sudan
People’s Liberation Movement said it’s not supporting calls by
opposition groups for the nation’s first elections in 24 years
to be postponed.
Kenya's Truth and Justice Commission Vice Chairwoman Betty Murungi Resigns The vice chairwoman of Kenya’s
Truth, Justice and Reconciliation Commission, Betty Murungi,
said she resigned because of “matters facing the commission’s
chair.”
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