UPDATE 1-Barrick Gold reaches deal with Tanzania over Acacia Mining

(Adds CEO, foreign minister comments) Oct 20 (Reuters) – Barrick Gold Corp said it had reached a deal to settle a long-running tax dispute between Tanzania and mining group Acacia, which Barrick bought in a $1.2 billion transaction approved by a British court last month. The tax deal includes the payment of $300 million to

Ethiopia to install 4G network ahead of telecoms liberalisation

ADDIS ABABA, Aug 30 (Reuters) – Ethiopia’s state-run Ethio Telecom plans to install a 4G network in the capital and other regions and to upgrade other network services, it said on Friday, as the government prepares to open up the sector to private foreign investment. In July, Ethiopia announced it would award two telecoms licences

UPDATE 1-Tullow Oil’s sale of stake in Uganda project to Total, CNOOC dropped

* Total, CNOOC did not further extend deadline for sale – Tullow * Uganda authorities did not agree tax relief on deal * Tullow seeking to reduce Uganda stake from third to around 11% (Adds detail, analyst comment) By Shadia Nasralla LONDON, Aug 29 (Reuters) – Tullow Oil’s plan to sell another stake in its

UPDATE 2-Kenya’s Equity boosted by loan growth, sees rate cap removed

* H1 pretax profit up 10% to 17 billion shillings * Loans to customers up 17% vs target 10-15% * CEO confident lending rate cap will be removed (Adds comments on interest rate cap) By George Obulutsa NAIROBI, Aug 1 (Reuters) – A surge in lending drove a 10% rise in first half pretax profit

UPDATE 1-Miner Acacia agrees to increased buyout offer from Barrick

(Adds details on earlier offer, premium) July 19 (Reuters) – Barrick Gold Corp has agreed to buy out fellow shareholders in Acacia Mining in a deal that values the firm at 951 million pounds, ending a two-month standoff between the world’s second biggest gold miner and its Africa unit. Barrick had spun off Acacia into

UPDATE 1-Acacia Mining says Barrick offer undervalues the company

(New throughout, adds current deal value, updates share prices) By Noor Zainab Hussain and Nichola Saminather June 24 (Reuters) – Acacia Mining on Monday strongly disagreed with majority shareholder Barrick Gold Corp’s valuation of the company, saying Barrick’s proposal undervalued its life of mine plans and appears to have ignored the value of its exploration

UPDATE 2-Barrick CEO believes Acacia offer is fair after extending bid deadline

(Updates with Barrick CEO comments, Acacia shareholder, background) By Nichola Saminather June 18 (Reuters) – Barrick Gold Corp, the world’s No. 2 gold miner, believes its proposed offer to take full control of its African unit is “more than fair” and will engage with Acacia Mining Plc’s board and minority shareholders to win them over,

Bharti Airtel to pay Tanzania $26 mln, cancel debt at unit to settle dispute

DAR ES SALAAM, June 10 (Reuters) – India’s Bharti Airtel has agreed to pay 60 billion shillings ($26 million) over five years and cancel debt to resolve a dispute over ownership of its Airtel Tanzania unit, the Tanzanian government said on Monday. Tanzania’s minister for foreign affairs and east Africa cooperation, Palamagamba Kabudi, announced the

UPDATE 1-Barrick’s offer for Acacia Mining reflects Tanzania risk -CEO

* Barrick offer for Acacia “fair”- Barrick CEO * Offer is 11% discount from Barrick’s own valuation * GRAPHIC: tmsnrt.rs/2EwEduT (Updates with detail, adds graphic, shareholder comment) By Zandi Shabalala and Nichola Saminather LONDON/TORONTO, May 24 (Reuters) – Barrick Gold Corp’s offer to buy the rest of Acacia Mining for $787 million is fair because

Kenya’s KCB Group sees acquisition of NBK sealed by October

NAIROBI, May 16 (Reuters) – Kenya’s biggest lender by assets, KCB Group, expects to complete its acquisition of National Bank of Kenya by October, it said on Thursday. KCB, which also operates in Uganda, Tanzania, Rwanda, Burundi and South Sudan, last month offered to buy National Bank (NBK) through a share swap of one KCB