Africa

http://allafrica.com/stories/201305200048.html Nigeria: Excess Crude Account Drops to U.S.$5.27 Billion By Noel Onoja, 19 May 2013 The Minister of State for Finance, Mr. Yerima Ngama, has said that the country’s Excess Crude Account (ECA) has dropped to $5.27billion. He made this known after the monthly Federal Accounts Allocation Committee(FAAC) meeting in Abuja. Following the outcome of… Continue Reading

http://www.zerohedge.com/news/2013-05-19/adding-insult-injury-south-african-gold-mining-union-demands-60-wage-hikes Adding Insult To Injury, South African Gold Mining Union Demands Up To 60% Wage Hikes Submitted by Tyler Durden on 05/19/2013 In case the complete disconnect of paper selling from physical hand-over-fist buying (see this chart to explain all the gold activity in Q1 which can be summarized in two words: paper liquidation) were… Continue Reading

http://allafrica.com/stories/201305190155.html Namibia: Inflation Slows Down to 6,1 Percent By Selma Shipanga, 16 May 2013 ANNUAL inflation was estimated at 6,1 percent in April 2013, compared to 6,4 percent recorded during the same period last year, the Namibia Statistics Agency (NSA) said yesterday. The monthly inflation rate for April stood at 0,2 percent, compared to the… Continue Reading

http://allafrica.com/stories/201305160289.html Zambia: Magande Says Zambia Slipping Into Dictatorship By NSE Udoh, 13 May 2013 National Movement for Progress (NMP) president Ng’andu Magande says Zambia is slowly slipping into a dictatorship under the Patriotic Front. Featuring on ZNBC’s Sunday Interview programme, Magande said he was disappointed that young people had shown lack of principle by easily… Continue Reading

http://allafrica.com/stories/201305151530.html Kenya Fares Poorly in Ending Poverty – Report By Joseph Muraya, 15 May 2013 Nairobi — Kenya’s performance in the eradication of extreme poverty and hunger remains dismal with more than 10 million people suffering from chronic food insecurity and poor nutrition, according to a new report by the Ministry of Planning. However the… Continue Reading

http://www.zerohedge.com/news/2013-05-14/south-african-mint-short-gold Is The South African Mint Short Of Gold? Submitted by Tyler Durden on 05/14/2013 Submitted by Michael Krieger of Liberty Blitzkrieg blog, In what may be the strangest story I have seen in a while related to the gold market, it appears $982 million worth of gold has left JFK international airport in New… Continue Reading

http://online.wsj.com/article/SB10001424127887323716304578482390329510834.html?mod=fox_australian Workers Strike at Lonmin Mine May 14, 2013 BY DEVON MAYLIE JOHANNESBURG—Workers at Lonmin PLC, the world’s No. 3 platinum producer, held a wildcat strike Tuesday, shutting the company’s Marikana mine and sparking fears about a renewal of violence at the site of last year’s deadly labor protests. The strike marks the South African… Continue Reading

http://www.csmonitor.com/Environment/Energy-Voices/2013/0513/Nigeria-oil-production-slides-amid-unrest?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+feeds%2Fcsm+%28Christian+Science+Monitor+%7C+All+Stories%29&utm_content=Google+Reader Nigeria oil production slides amid unrest Nigeria relies almost exclusively on its energy sector for export earnings and 75 percent of federal government revenue, Graeber writes, but a long record of corruption, militancy and banditry has clouded Nigeria’s oil prospects. By Daniel J. Graeber, Guest blogger / May 13, 2013 The wealthiest man in… Continue Reading

http://online.wsj.com/article/SB10001424127887324031404578480822788068176.html?mod=pls_whats_news_us_business_f South African Miners Poised for Tough Labor Talks May 13, 2013 BY DEVON MAYLIE AND FRANCESCA FREEMAN JOHANNESBURG—South Africa’s beleaguered mining industry is bracing for tense wage talks as it struggles with a renewed flare-up of labor unrest following the killing of a union leader over the weekend. Many of the country’s mining companies… Continue Reading

http://allafrica.com/stories/201305130192.html Zambia: Supreme Court Narrowly Allows Tribunal That Can Fire Judges By George Mwenya, 9 May 2013 In what was regarded as a crucial decision for the future of Zambia’s judiciary, today the Supreme Court issued a narrow and ambiguous decision allowing President Michael Sata the discretion to form a special tribunal chaired by the… Continue Reading