USA; Newtown shootings stir gun control debate (Video)

USA; Newtown shootings stir gun control debate (Video)

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Chinese firm plans $3.5 bln Zimbabwe power plant -report

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China's Guangdong Bureau of Coal Geology plans to invest $3.5 billion to build a 1,200 megawatt thermal power plant in Zimbabwe, local media reported on Tuesday. The southern African country currently generates about 1,000 MW of electricity, half of its peak demand, and is battling frequent power cuts which have affected industry and mines. A delegation from the Chinese company is currently visiting Zimbabwe to explore opportunities in the power sector, the state-controlled Herald newspaper reported. "We came here to observe and study the possibility of building a thermal power plant," Mu Yong, a director at the Chinese firm, was quoted as saying. "Our proposed budget is about $3.5 billion for a 120 million watts plant." In July, Energy Minister Elton Mangoma told parliament that China Railway International, a subsidiary of China Railway Group and Zimbabwe's state power utility ZESA were planning to jointly run a coal mine that would supply a proposed 1,...
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Kenya inflation seen down in October, fuel prices a worry

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 Kenya's year-on-year inflation is expected to fall for the 11th month running in October, helped by a better harvest easing food prices but offset to some extent by rising fuel costs. Despite the signs that inflation could be close to bottoming out, analysts think the central bank has scope to keep easing interest rates as attention shifts to supporting economic growth. Eight out of 11 analysts polled by Reuters predicted inflation would decline in October, with a median estimate of 4.88 percent, down from 5.32 percent in September. Forecasts ranged from 3.60 percent to 6.00 percent. The data is due on October 31. "Inflation is nearing the bottom in the current cycle. While fuel price increases may dampen the downward pressure on inflation, low food inflation is still likely to over-ride them," said Mbiyo Phumelele, head of macroeconomic research at CFC Stanbic Bank. Kenya's Energy Regulatory Commission raised pump prices for the second straight month during ...
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