STOCKS NEWS AFRICA-NEPI goes to main board, shares up

Thu Jul 29, 2010 9:42am GMT

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0940GMT 29Jul2010 - NEPI goes to main board, shares up

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Shares in New Europe Property Investments (NEPJ.J: Quote) (NEPI) rise nearly 4 percent as the property company says it will move from the JSE's alternative exchange to the main board from next Wednesday.

NEPI, which invests in office, retail and industrial property in Romania and Germany, is trading 3.70 percent higher at 30.80 rand.

For details, see [ID:nJSEc0007A]

AFRICA BLOGS

Flames flicker on the charred remains of an oil tanker lying on the streets of Sange, eastern Congo July 3, 2010. At least 230 people were killed when this fuel tanker overturned and exploded in eastern Democratic Republic of Congo, unleashing a fire ball that tore through homes and cinemas packed with people watching World Cup soccer. Officials said on Saturday the explosion late on Friday also injured 196 people, adding that the death toll could rise. Picture taken July 3, 2010. REUTERS/Fiston Ngoma/United Nations/Handout

Will bandages mend broken ties in the DRC?

The relations between First Quantum and the Democratic Republic of Congo have gone from bad to worse in recent months, after the country expropriated the miner’s $765 million Kolwezi copper tailings project in September. Blog

Children practice taking penalty kicks while playing soccer in the Eersterust neighborhood of Pretoria July 1, 2010. REUTERS/Brian Snyder

Africa optimism rising

When some of the most influential figures in emerging markets finance spoke to a group of Reuters editors, they were asked about top picks for growth beyond the so-called BRIC countries of Brazil, Russia, India and China. Blog

A view of the Nile river flowing through the Egyptian capital Cairo, December 2003. REUTERS/Aladin Abdel Naby

Nile River row: Could it turn violent?

The giggles started when the seventh journalist in a row said that his question was for Egypt’s water and irrigation minister, Mohamed Nasreddin Allam. Blog

Libya's leader Muammar Gaddafi attends a meeting involving five Arab states in Tripoli June 28, 2010. Libya, Egypt, Yemen, Iraq and Qatar gathered on Monday to discuss a proposal to form an "Arab Union" out of the current Arab League. The sign reads, "President". REUTERS/Ismail Zitouny

Libya: a mixed bag

It has debt levels to die for and huge amounts of oil, but economically it’s lagging and political concerns remain. Speakers at a Libyan trade and investment forum this week saw the North African country as a mixed bag. Blog

Members of the vote office hold ballots at the Al Moustapha school in Conakry June 27, 2010. Polling wound down peacefully in Guinea on Sunday in a landmark election offering voters their first chance to freely choose a leader since the coup-prone West African state won independence from France in 1958. REUTERS/Luc Gnago

If Guinea Can…

If Guinea can pull off free and fair elections this weekend, it will lay the foundations for what could be one of Africa’s most unexpected and significant good news stories. Blog

Senegalese dancers perform during the 2nd Pan African Cultural Festival (Panaf) of Algiers at Riad el Feth Place in Algiers in this July 16, 2009 file photo. After nearly two decades of bombings and ambushes, the violence has subsided enough for Algerians to embrace an unfamiliar concept: having fun. For two weeks, this former colonial city has been hosting a festival of African dance, theatre, music and art designed to let the world know normal life is slowly returning to Algeria, and to allow people to let their hair down. To match feature ALGERIA-AFRICA/FESTIVAL REUTERS/Louafi Larbi/Files

Africa takes the stage in London

Africa is providing a lot of fine material for the London theatre these days. Blog

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