The Japanese government has set up a dedicated fund to foster greater Japanese corporate activity on the African continent, the Independent Online reported citing Japanese vice minister of economy, trade and industry Yoshikatsu Nakayama. Japan's government had set up a fund of USD 2.5bn, called the Africa Investment Facility, intended to provide loans or equity for the exploitation of minerals in Africa, Nakayama said. State-run Japan Oil, Gas and Metals National Corp (JOGMEC) is another funding mechanism for mining activity in Africa, Masa Sugano, the first secretary for economics and commerce at the embassy of Japan in Pretoria, was cited as saying. According to Sugano, the corporation is involved in the initial setting up of mining activities including prospecting. |
South African company Exxaro Resources said one of the options it currently considers is dismissing striking coal mine workers who fail to return to work in the week of March 25, fin24 reported ... more
South Africas telecommunication operator Telkom said that it has not made a decision on retrenching 13,000 employees, or more than half of its staff, TechCentral reported quoting a company ... more
Oryx Energies, a major independent provider of oil and gas products and services in Africa, has agreed to buy the South African liquefied petroleum gas (LPG) distribution businesses of BP and ... more