Investment in Uganda down 35% to $1,57bn in '09 - Uganda registered investments worth $1,57-billion in 2009, more than one-third down from 2008, but fourth quarter data held out good prospects for new jobs, according to the state-run Uganda Investment Authority (UIA).
East Africa's third largest economy has been credited for withstanding the impact of the global economic crisis and investor interest has been on the upswing, spurred by the discovery of commercial petroleum deposits. [Engineering News]
Eskom would be sustainable with yearly tariff rises of 25% - study - South Africa's State-owned power utility Eskom could lop a further ten percentage points annually off its application for tariff increases of 35% a year between April 1, 2010, and March 31, 2013, and still emerge as a sustainable organisation able to fund its operations and its capital programmes, new research by consultancy Genesis Analytics asserts.
The analysis, which has been completed on behalf of several mining and industrial clients, including the Chemical and Allied Industries Association and AngloGold Ashanti, would be presented to the National Energy Regulator of South Africa (Nersa), which is scheduled to host public hearings into Eskom's tariff application between January 11 and January 22. [Engineering News]
SA steel giant rolls over prices into Jan - South Africa's largest steel producer, ArcelorMittal South Africa, rolled over its December prices into January, company spokesperson Sven Lunsche has confirmed with Engineering News Online.
The January rollover follows on from a similar move in December, which was preceded by some price reductions as from November 1, 2009. [Engineering News]