Business News
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Brussels - Somali pirates allowed an international anti-piracy naval mission on Friday to evacuate a sick Tunisian sailor from a ship they have held since last month, officials said.
The captain of the Hannibal II alerted authorities on Thursday that the pirates had agreed to transfer the man, who was suffering severe stomach pains, to a
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ZANU PF leader Robert Mugabe on Friday upped the ante against Western countries, by threatening to nationalise American and British companies unless targeted sanctions are removed.
Speaking in Mutare at his party's annual conference Mugabe said it was high time the issue of sanctions was dealt with once and for all.
Both the
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Nigeria's fuel deliveries halted
Lagos - Nigerian tanker drivers on Friday suspended petrol deliveries to Lagos and other areas to protest the firing of 2 500 members, sparking long queues at filling stations, a union leader said.
"We have asked our members to stop supply to the entire western states of Lagos, Ekiti,
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Abidjan - Ivory Coast's political crisis has spread to its ports and markets, with food prices rising sharply and shipments of its prized cocoa beans slashed by half, shoppers and businesses say.
"The customers aren't coming anymore. When they do come they complain that everything's expensive," said Dorcas Kambou, sitting at her seafood stall in the
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Johannesburg - Next year motorists can expect to pay up to 30 cent per litre more for fuel as a result of the cost increases of Transnet’s new fuel pipeline being built between Durban and Gauteng.
This amount includes a 5 cent per litre levy, which is a direct result of the project’s costs having increased
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Pretoria - Municipalities are busy quietly but dramatically hiking levies and tariffs for services other than the usual water, electricity and property rates.
Economist.co.za economist Mike Schüssler this week reported that municipalities’ income from consumers and businesses in the third quarter of this year was 72.2% more than in the same period two years ago.
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Information reaching the Daily Observer has it that Amadou Colley, the director of Banking Department at the Central Bank of The Gambia (CBG) has been appointed governor of the institution with effect from December 3rd, 2010.
He replaces Momodou Bamba Saho, who bagged a new job as the Alternate Executive Director for Africa Group 1 (AFG1)
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The United States thinks China is a "pernicious economic competitor with no morals" whose booming investments in Africa are propping up unsavoury regimes, according to a leaked diplomatic cable.
The frank assessment by the US assistant secretary of state for African affairs, Johnnie Carson, was among the latest revelations in thousands of documents released by whistleblower website WikiLeaks.
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MOST companies quoted on the local bourse have failed to recapitalise their operations during the year due to serious liquidity challenges.
Zimbabwe's economy growth prospects of 8,1 percent in 2010 did not reflect in companies, especially listed entities with a platform to raise funding.
Capacity utilisation has remained stagnant around 45 percent during
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Multiple taxation in Nigeria is scaring away foreign investors, as many of them are asked to pay different kinds of taxes to different authorities in the country, Daily Trust can report.
The World Bank, the European Union and the Economic Communities for West African States have at different times invited the Joint Tax Board (JTB) to
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CNN International's African Voices which highlights Africa's most engaging personalities, exploring the lives and passions of people who rarely open themselves up to the camera, this week profiles Wale Tinubu, CEO of oil and gas giant Oando.
(CNN) -- As the chief executive of oil and gas giant Oando, Wale Tinubu is one of Nigeria's most
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World leaders have voiced their support for Ivory Coast opposition candidate Alassane Ouattara, saying he is the true winner of a presidential run-off.
The country's Constitutional Council has overturned results to declare President Laurent Gbagbo the winner - he is due to be sworn in shortly.
The US, UN, France and the West
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A Liberian based in the United States of America, Dr. Peter Weato, is implementing several self-help development projects in Liberia estimated at US$4million.
He said that the self-help development projects are intended to adequately promote government's Poverty Reduction Strategy (PRS) in an effort to improve the living conditions of the citizens in the aftermath of 14
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It could be the world’s newest country in January and the government there is busy trying to woo potential investors.
Southern Sudan’s minister for energy and mining Garang Diing promises it will be a very conducive place for investors.
A lot is at stake for investors there and in the East African region
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It is becoming clear that the ruling National Democratic Congress (NDC) is desirous of using the nation’s newly found oil resource as collateral to contract loans as the Majority Leader in Parliament, Avoka Apul Cletus on Wednesday pleaded with Parliament to allow Government to borrow against the oil revenue for the development of the country.
But
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South Sudan officials are concerned at the environmental damage being caused by the oil industry and are promising a tough new line if the oil-rich region gains independence next year.
Their potentially rich but grossly underdeveloped region is in a quandary. Its desperately poor people, mostly subsistence farmers and cattle grazers, need oil money but officials
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Ghana will start commercial oil production on December 17, a government official announced on Thursday, with the recent discovery generating hope as well as warnings against mismanagement.
"We are expecting first oil on December 17," deputy information minister Samuel Okudzeto Ablakwa told AFP.
"The government and the Jubilee partners are anxiously looking forward to the day," he
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Bharti Airtel, the 5th leading global telecommunications company with operations in 19 countries across Asia and Africa on Monday, November 22, 2010 officially launched their brand in Ghana at the Banquet Hall in Accra, after taking over the operations of Zain.
Bharti Airtel is pumping 200 million dollars to expand its operations in Ghana and has
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MEMBERS OF Parliament (MPs) have decreed against the demand of the chiefs of the Western Region for a 10 percent share of the expected oil revenue for the development of the region, with a Deputy Minister of Energy arguing that granting such a demand could create confusion in the country.
Emmanuel Kofi-Armah Buah, a Deputy Energy
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Mauritania's Prime Minister Moulaye Ould Mohamed Laghdaf Sunday laid the first stone of a 120-million-dollar complex for the fishing industry, financed by China, the AMI state news agency said.
The complex will include a warehouse with a capacity for 6,000 tonnes of fish along with facilities to make ice and to treat and develop seafood products,
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A Chinese delegation led by Vice President Xi Jinping signed several agreements with Botswana on Sunday to further strengthen ties between the two countries.
The two countries signed an agreement on economic and technical cooperation with a grant of around six million dollars (4.4 millions euros), as well as other accords on infrastructure and energy development.
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Economists in Malawi, one of Africa's poorest countries and biggest grower of burley tobacco, said Sunday there was "cause for huge concern" after 172 countries agreed on guidelines to control the use and sale of tobacco products.
Thomas Munthali, one of Malawi's leading economists, said the country should fight to stop the immediate implementation of the
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World Telecom giants project some $142 billion revenue from the telecoms sector over the next five years and say 95 percent of that will come from emerging markets like India, South East Asia and Africa.
Vodafone CEO for the Africa, South East Asia and Pacific Region, Nick Read says 85 percent of the expected revenue will
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Russian Foreign Minister Sergei Lavrov held talks with Nigeria's President Goodluck Jonathan during a visit aimed at checking progress on energy deals sealed last year between the two countries.
"I'm visiting to continue our very close cooperation with Nigeria, to check out the agreements reached last year when President (Dmitry) Medvedev visited," Lavrov told reporters.
In a
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Cape Town — Deputy President Kgalema Motlanthe and Chinese Vice President Xi Jinping held talks in Tuynhuys, Cape Town on Wednesday before presiding over the signing of agreements in energy, banking and trade.
Motlanthe said before the start of the talks that South Africa needed help with its new growth path as it tried to overcome
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