Oil Dives Below $40, First Time Since 2009
US crude oil prices on Friday dove below $40 a barrel for the first time since the 2009 financial crisis, notching their longest weekly losing...
Category : BUSINESS
Anti-Corruption War ; Nigeria President Buhari Wants NITEL/MTEL Sale Probed
President has ordered probes into the sale of Nigerian Telecommunications, NITEL and Mobile Telecommunications, MTEL sold by the previous government of ex-president Goodluck Jonathan. President...
Morocco’s SAMIR Refinery To Halt Output
Morocco’s Societe Anonyme Marocaine de l’Industrie du Raffinage (SAMIR) will halt production at its 200,000 barrel per day (bpd) Mohammedia refinery due to financial difficulties,...
Hibiscus Petroleum Unit Awarded Concession in Egypt
Hibiscus Petroleum Bhd’s wholly-owned unit, Gulf Hibiscus Ltd, has been awarded the South East Ras El Ush concession (Block 2) in Egypt by the Ganoub...
Riyadh, Cairo Sign Pact To Boost Military, Economic Ties
Egypt and Saudi Arabia signed a pact in Cairo Thursday aimed at boosting military and economic ties between the two Arab allies. Relations have warmed...
Obama Seeks To Counter China’s Influence In Africa // Obama Cherche A Contrer L’Influence De La Chine En Afrique
EVAN VUCCI • ASSOCIATED PRESSPresident Obama told African leaders that fostering ties with the United States would mean “real economic partnerships.” ADDIS ABABA, Ethiopia –...
Starbucks Serves Up a Tepid Brew in Johannesburg // Starbucks Propose Une Infusion Tiède A Johannesburg
The Seattle coffee chain is growing strongly in all regions, with profit up 22% in its third quarter. But for Starbucks, the choice between Africa...
Bharti Airtel: No Plans To Exit Africa // Bharti Airtel : Pas Prévu De Sortir L’Afrique
A day after it said it was in talks with France’s Orange to sell its subsidiaries in Burkina Faso, Chad, Congo Brazzaville and Sierra leone,...
Low Oil Price Domino Effect to Shut More UK Fields Early // Effet De Domino De Prix Bas Niveau D’huile A Fermer Plus De Champs UK Au début
Low oil prices have tightened the screws on some of the most depleted and costly oilfields in Britain’s North Sea, forcing operators to cease production...
Transnet Expects Capital Expansion To Cost R336.6bn // Transnet Prévoit Le Développement Des Investissements Au Coût R336.6bn
Siyabonga Gama. STATE-owned logistics firm Transnet expects its capital expansion plan will now cost R336.6bn, up from R312.2bn a year ago, the company said...
Citigroup Won’t Launch In Nigeria, ID Theft Makes The Country Unattractive // Citigroup Ne Lance Au Nigeria, Usurpation D’identité Rend Le Pays Sans Attrait
Photo: Buck Ennis The financial giant provides corporate banking services to the West African nation of 170 million people. Citigroup Inc. said Nigeria’s efforts to...
The Case For Impact Investment In Africa In 2015 // Le Cas D’investissements D’Impact En Afrique En 2015
Amy Bell Amy Bell , JPMorgan Chase Africa’s economy is expected to expand by 50 percent over the next five years, according to a new...
Pound Sterling to South African Rand Exchange Rate Drops, GBP/ZAR, USD/ZAR Down After Trade Data // Livre Sterling Aux Baisses De Taux De Change Rand Sud-Africain, GBP/ZAR, USD/ZAR Vers Le Bas Après Les Données Sur Le Commerce
Exchange Rate Outlook: Rand Exchange Rate Recovers On Improved Risk Appetite, Greek Fears Subside Earlier in the week the South African Rand plummeted against the...
FDI Flows To Africa Remain Constant In 2014, China And U.S. Discuss Collaboration With Africa, And President Buhari Tackles Graft In Nigeria // Flux D’IED Vers L’Afrique Restent Constantes En 2014, Chine Et Etats-Unis Discutent D’une Collaboration Avec L’Afrique Et Président Buhari Plaqués Greffer Au Nigeria
Report shows global decrease in FDI inflows, but FDI to Africa remains unchanged This week the United Nations Conference on Trade and Development (UNCTAD) released...
Union Power Play Must Not Stymie Gold-sector Pay Deal // Syndicat Power Play Doit Bloquer Pas Pay Or-Secteur Deal
Wage talks in the gold-mining sector this week between the Chamber of Mines and unions could not be more important, both for the industry and...
Sudan’s Leather Exports Dropped By $10 million in 2014 // Les Exportations De Cuir Du Soudan A Chuté De $10Millions En 2014
A paper presented at a forum organized by the Investment Promotion Commission (IPC) has shown that Sudan’s leather exports have decreased by $10 million in...
China Loans Zambia $29m For Infrastructure // La Chine Prêts Zambie 29 Millions De Dollars Pour L’Infrastructure
The China Development Bank (CDB) and the Zambia-China Economic & Trade Cooperation Zone (ZCCZ) have signed a loan of $29 million to improve infrastructure at...
CBC Chairman Concerned Trade Maneuvers Imperil Africa Pact // Président De CBC Concerne Commerce Manœuvres Mettent En Danger Le Pacte De L’Afrique
Trade Adjustment Assistance legislation could be a casualty of efforts to stymie Trade Promotion Authority; now, some members fear the long-heralded African Growth and Opportunity...
Chinese, US Investment In Africa ‘Does Not Conflict,’ But ‘Complementary’ // Chinois, Les Investissements Américains En Afrique “n’est Pas Incompatible”, Mais « Complémentaire »
China and the United States, the world’s two biggest economies, are amongthe top 10 foreign investors in Africa, and their investment on the continent “does...
Nigeria FirstBank supports Human Resource Leaders Africa 2015 Conference // Nigeria CarteMD Prend En Charge Les Ressources Humaines Dirigeants Afrique 2015 Conférence
First Bank of Nigeria Limited, Nigeria’s most valuable bank brand is sponsoring and participating in the HR Leaders Africa 2015 Conference. The event which is...