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34 killed, dozens injured in beach stampede in Guinea

34 killed, dozens injured in beach …

At least 34 people, inc...

Nigeria opens Islamic school to counter Boko Haram ideology

Nigeria opens Islamic school to cou…

In classrooms facing a ...

African girls to sue British Airways over alleged abuse by pilot

African girls to sue British Airway…

Girls and young women w...

Sierra Leone's top Ebola doctor dies from virus

Sierra Leone's top Ebola doctor die…

The doctor leading Sier...

State TV says three killed in a car bomb attack in Cairo

State TV says three killed in a car…

Three people were kille...

Militants takes over Benghazi special forces base as Libya chaos deepens

Militants takes over Benghazi speci…

Militant fighters overr...

Gold, diamonds feed Central African religious violence

Gold, diamonds feed Central African…

Three young rebels, the...

Fire, destructions in Tripoli battle as Libya slides into chaos

Fire, destructions in Tripoli battl…

A huge fuel depot in Li...

Ivorian cocoa revival benefits from troubles in Ghana cocoa sector

Ivorian cocoa revival benefits from…

Three years ago, when J...

Lagos isolates private hospital where Liberian Ebola victim died

Lagos isolates private hospital whe…

The Nigerian city of Lago...

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Business (210)

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…
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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…
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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…
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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…
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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…
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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…
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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…
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Egypt lobbies Germany to ease travel advisory

Egypt is urging Germany to ease its advice against travel to the entire Sinai peninsula after security concerns following the fatal bombing of a tourist bus prompted operators to bring back holidaymakers from the Sharm el-Sheikh Red Sea resort last week. "The latest crisis that we are in today is the negative travel advisory by the German government," Egypt's Tourism Minister Hisham Zaazou told Reuters in an interview at the ITB travel fair in Berlin…
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World Bank announces $1.2B package for Tunisia

The World Bank announced Friday a $1.2 billion package to support Tunisia's economic reforms and stumbling economy.The much needed cash came on the heels of the announcement a month ago by the International Monetary Fund that a long-delayed $500 million in funding had been released following the passing of a new post-revolutionary constitution.The World Bank program involves $750 million to support government reforms to promote growth and create employment. Another $300 million is earmarked for…
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Tanker hijacked off Angola in Jan returned, minus $8 million of diesel

An oil tanker hijacked for a week off Angola in January has been returned to the country's authorities, a board member at state oil firm Sonangol said on Tuesday, adding that the hijackers had stolen diesel worth $8 million from the ship.The Liberian-flagged MT Kerala was under a time charter contract for Sonangol when it vanished off the coast of the capital Luanda on January 18 before being intercepted by the Nigerian navy a week…
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