February 6, 2017/Reuters By Julia Payne and Ahmad Ghaddar LONDON (Reuters) – Swiss-based commodities giant Glencore has extended a deal with Libya’s state oil firm to be the sole marketer of one third of the country’s current crude oil production, sources familiar with the matter said. It was not clear […]
Updates
Tanzania says needs $46 billion in power investment by 2040
February 6, 2017/Reuters By Fumbuka Ng’wanakilala DAR ES SALAAM (Reuters) – Tanzania said on Monday it needs $46.2 billion in investment over the next 20 years to revamp ageing energy infrastructure and meet soaring demand for electricity. Investors have long complained that a lack of reliable power is an […]
Flour Mills of Nigeria Results Review – Strong Q3’17 Results; Maintaining OP Rating
Culled—Proshare February 6, 2017/FBNQuest Research Maintaining OP rating despite modest increase to PT Flour Mills of Nigeria’s (FMN) Q3 2017 (end-Dec) PBT came in well ahead (+104%) of our forecast. The key drivers behind the strong results were positive surprises in sales and gross margin, which beat our forecasts by […]
