Category : BUSINESS

AngloGold Ashanti, the world’s fourth- biggest gold producer, swung to a profit in the first quarter as production beat the company’s guidance and costs fell....

Sterling Bank Plc  has reported a profit after tax of N3.9 billion for the first quarter ended March 31, 2015, showing an increase of 25...

The European Commission, Thursday, paid to Tunisia € 100 million, announced the EU, adding that this disbursement is the first of a series of three...

Mali”s President Amadou Toumani Toure Mali lost more than 152 billion CFA francs ($261 million) to fraud and mismanagement in the two years before ex-president...

The lingering fuel scarcity across the country may soon come the way of Nigerians following assurances on Monday by oil marketers to end months of ...

Written by Edward Ssekika In the 1990s, social protection in East Africa sounded very outlandish reminiscent of Western welfare states. The idea of social protection...

Flags from Asian and African countries are hoisted on a main street in Jakarta on April 14, 2015 in preparation for the 60th anniversary of...

UBS Group AG appointed David Slade as global co-head of leveraged finance as Switzerland’s biggest bank continues a spate of top hires, according to people...

President Joko Widodo has assessed that preparations for the 60th anniversary of the Asian-African Conference in Bandung, West Java, are progressing well to receive guests...

IFC, a member of the World Bank Group, today announced an investment in MM Integrated Steel Mills Mozambique to support local industrial development and the...

Egypt’s daily gas production is expected to increase by approximately 25% after the start of production in West Nile Delta Development project, German utility DEA...

Five years after it first came to light, the trial began Sunday for one of Algeria’s most notorious corruption scandals involving the state-run oil company...

BY HUSSEIN MOHAMED Somali businessmen should lead in rebuilding their war-torn nation through investing in the country, an investment forum was told Wednesday. Speaking at...

Burkina Faso told a unit of Timis Mining Corp. to stop production as it reviews the permit that was granted to the company to develop...

By Andy Tully Egypt’s deal with BP to jointly invest $12 billion to develop offshore gas fields shows that oil companies’ faith in the country’s...

In a sign that Egypt’s strained relations with the international oil industry may be improving, BP said Friday that it had reached an agreement to...

By ADRIENNE KLASA As the mining industry gathers for the annual Mining Indaba conference in South Africa, Zambia is the latest country in the region...

Egypt’s cabinet and the Ministry of Investment [official website] approved an investment law Wednesday aimed at protecting business deals from legal disputes or political changes...

  Facebook founder Mark Zuckerberg on Monday fended off complaints that the hugely popular social network was getting a free ride out of telecom operators...

  BY JECKONIA OTIENO AND PHILIP MUASYA When the number of sorghum farmers increased in Lower Yatta, Kitui County, about four years ago due to...