North and South African News Round Up
NORTH AFRICA
EGYPT- A $25 billion loan from Russia has been approved by Egyptian President Abdel Fatah al-Sisi to build a nuclear power plant in Dabaa in the north of the country. (STAR AFRICA) READ MORE
EGYPT- Egypt’s trade deficit declined by about 22% in February 2016 compared to February 2015, according to a report issued on Thursday by the Central Agency for Public Mobilization and Statistics (CAPMAS). The balance of trade is an economic measure of the difference in value between a country’s imports and exports during a given period. (DAILY NEWS EGYPT) READ MORE
EGYPT- Cairo stock market sinks as analysts warn Egypt Air crash will hit tourism industry already reeling from political instability and security concerns. (MIDDLE EAST EYE) READ MORE
LIBYA- For the first time in five years, Libya is progressing toward the establishment of a viable national government. That is good news for Libya and also for Tunisia. (WASHINGTON TIMES) READ MORE
ALGERIA- The International Monetary Fund (IMF) on Thursday said that Algeria is able to adjust to the oil price decline, which so far has only a limited effect on economic growth. (APS.DZ) READ MORE
MOROCCO- As part of Morocco’s new policy of diversifying its economic and political partners, the royal visit to China comes at a time when Morocco is witnessing a sustained human development. The major objective of this visit is the promotion of investment and trade between the two countries. (MOROCCO WORLD NEWS) READ MORE
SOUTH AFRICA
ANGOLA — Angola’s sovereign wealth fund increased the amount of funds earmarked for private equity investments focused on sub-Saharan Africa last year and sharply cut exposure to developed market bonds, the fund’s chairman said on Thursday. (REUTERS) READ MORE
MALAWI- Malawi has launched its national quality strategy to improve the standards of products made in the country using a scheme that would last a period of five years from 2016 to 2020. (STAR AFRICA) READ MORE
SOUTH AFRICA- MTN SA will spend R12bn this year to ramp up its network to improve and expand coverage. The company also plans to open its network to other companies, but did not name them. (BDLIVE) READ MORE
SOUTH AFRICA- THE JSE looked likely to rebound from Thursday’s 0.8% slide of the all share index, judging from the green tone of stock exchanges trading before it opened on Friday morning. (BDLIVE) READ MORE
NAMIBIA- Deep Yellow Ltd (ASX:DYL) has received successful interim results from the metallurgical test work program currently underway on bulk samples from the company’s Tumas Project located in Namibia. (PROACTIVE INVESTORS) READ MORE
ZIMBABWE — Zimbabwe’s cement producers want the government to impose tariffs on imports, including from Nigeria’s Dangote Cement, saying this would prevent the collapse of the local industry and save jobs. (REUTERS) READ MORE
