TPL_GK_LANG_MOBILE_MENU
Ebola crisis: Liberia extends stay at home order

Ebola crisis: Liberia extends stay …

Liberia's president order...

Libyan government says has lost control of most Tripoli ministries

Libyan government says has lost con…

Libya's government said i...

Nigerian government summons emergency meeting on Ebola in Abuja

Nigerian government summons emergen…

An emergency National Cou...

Libyan armed militia takes over U.S. Embassy annex in Tripoli

Libyan armed militia takes over U.S…

Members of a Libyan milit...

Seleka rebel in Central African Republic expel government ministers

Seleka rebel in Central African Rep…

A grouping of former Sele...

Fleeing head of Niger parliament now in France

Fleeing head of Niger parliament no…

The head of Niger's Natio...

Somali warlord Barre Hirale agrees to talks with government

Somali warlord Barre Hirale agrees …

A Somali clan leader who ...

S. Africa wades into Lesotho crisis urges military to return to barracks

S. Africa wades into Lesotho crisis…

The South African governm...

Lesotho PM flees to South Africa, says army staged coup

Lesotho PM flees to South Africa, s…

Lesotho's prime minister,...

Gunfire heard in Lesotho, diplomats report apparent coup attempt

Gunfire heard in Lesotho, diplomats…

Military units in Lesotho...

Prev Next

A+ A A-

Business (213)

End game nears on South Africa's strike-hit platinum belt

The end game to South Africa's big platinum strike is drawing near after the producers said they would take their latest wage offer directly to employees after marathon wage talks to end the 13-week strike collapsed on Thursday. South Africa's longest and most damaging mining strike in living memory is not about to come to an abrupt end as both sides strive to win rank and file hearts and minds in a high stakes war…
Read more...

Libya to resume oil exports from Hariga port

Libya's crude export terminal recovered from rebel hands has been reopened for renewed exports, the National Oil Co (NOC) has said. The Al-Hariga terminal has a daily capacity of 110,000 barrels. NOC did not say why it had not taken similar action at Zueitina, which has a capacity of 100,000 barrels per day. The army announced on Wednesday it had taken control of Al-Hariga and Zueitina ports under a deal to end a crippling nine-month…
Read more...

After deal, Libya's ports set to load oil tankers

Libya's Zueitina oil port prepared on Monday to load crude into tankers after the government reached a deal with rebels to reopen four terminals that insurgents have occupied since the summer. The federalist rebels agreed on Sunday to end gradually their eight-month blockade of Zueitina, Hariga, Ras Lanuf and Es Sider ports, which account for around 700,000 barrels per day of the OPEC country's crude exports. Brent crude fell $1.47 to a low of $105.25…
Read more...

IMF reaches agreement with Central African Republic

The International Monetary Fund says it has reached an agreement with authorities from Central African Republic that could see the Bangui government receiving more than $21 million this year to shore up its battered economy. Ekue Kpodar, the head of the IMF team, made the announcement Thursday after the two sides met in neighboring Douala, Cameroon. Kpodar says the funds could be supplied in installments of $12.8 million and $8.5 million subject to approval by…
Read more...

Libyan protesters block oil pipeline to Mellitah port as strikes widen

Libyan protesters have blocked a pipeline carrying oil condensates from the southwestern al-Wafa oilfield to the Mellitah export port, state-owned National Oil Corp (NOC) said on Thursday. The action, the latest in a wave of protests paralyzing oilfields and ports across the North African country, knocks out one of the last oil export lines for the cash-strapped government. NOC spokesman Mohammed El Harari said a gas pipeline from the Wafa field, which produces around 30,000…
Read more...

World Bank releases $70 million to help Rwanda combat poverty

The World Bank signed off on a $70 million financing package for Rwanda on Wednesday, the last tranche of a three-year aid program, which will be partly used to make poverty-fighting programs more effective at combating natural disasters.The deal, which will include a $46 million loan and a grant of $24 million, was signed shortly after typically tropical rains lashed the hilly capital, Kigali, sending torrents of water cascading through the streets.President Paul Kagame has…
Read more...

Morocco's tourism sees record 10M visitors in 2013

Morocco's tourism minister says a record-breaking 10 million people visited the North African country in 2013, indicating the industry is recovering from the setbacks of the Arab Spring revolutions.After several years of flat growth, Morocco on Tuesday reported a 7.2 percent increase in arrivals since 2012.Morocco, whose beaches, exotic cities and pristine mountains are popular among Europeans, relies on tourism for 10 percent of its GDP, the second-largest contributor after agriculture.Tourism Minister Lahcen Haddad reported…
Read more...

10 years after debt relief, Africa's rush to borrow stirs concern

Nearly a decade after Nelson Mandela and anti-poverty activists Bono and Bob Geldof persuaded the rich world to forgive Africa's crushing debts, many countries' debt levels are creeping up again, which could undermine the region's growth boom. As African states line up to join the growing club of dollar bond issuers, economists and analysts warn of a slide back into indebtedness that could undo recent economic gains and create a "Eurobond curse" to match the…
Read more...

Losses mount as South Africa faces biggest post-apartheid mine strike

With no end in sight, South Africa's platinum strike is set to become the biggest single stoppage to hit the country's mining sector since the end of apartheid in 1994, and now threatens the viability of an industry already in deep trouble.Revenue and production losses look sure to top those experienced in 2012, when a wave of rolling, wildcat strikes pushed Anglo American Platinum into the red and forced Lonmin into a rights issue to…
Read more...

Entreprenuership grows in Egypt's failing economy

In Egypt's newest reality television show, contestants sold fruit juice from push carts in Cairo's busiest market and later organized a desert safari for tourists, hustling to make sales in the capital's crowded streets. The program, called "The Project" in Arabic, highlights entrepreneurship and small business acumen - something experts say is more crucial than ever as Egypt tries to claw its way out of tough economic times. With youth unemployment upward of 30 percent…
Read more...
Subscribe to this RSS feed

User Registration
or Cancel