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British film institute, ZAFAA to train Nigerian actors, producers in London

British film institute, ZAFAA to tr…

In a bid to ensure that...

Algeria, Tunisia to continue common fight against terrorism

Algeria, Tunisia to continue common…

Algeria and Tunisia on ...

10 person killed in Lagos Nigeria as truck drives into market in Igando

10 person killed in Lagos Nigeria a…

About 10 people were ki...

Gunmen kill at least four in Mombasa Kenya, scatter leaflets

Gunmen kill at least four in Mombas…

Gunmen killed at least ...

Italy rescues 1,800 migrants over weekend, five bodies recovered

Italy rescues 1,800 migrants over w…

Italy's navy said it re...

Libya former rebel commander appeals ruling on British torture case

Libya former rebel commander appeal…

A former Libyan Islamis...

Militants blow up gas pipeline in Egypt's Sinai

Militants blow up gas pipeline in E…

Unknown militants blew ...

Italian PM Matteo Renzi visits Mozambique

Italian PM Matteo Renzi visits Moza…

Mozambican President Ar...

Tunisia orders crackdown after militants kill 14 soldiers

Tunisia orders crackdown after mili…

Tunisia on Saturday lau...

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Business (209)

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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Libya oil daily output down to 230,000 barrel after key field shut

Libya's oil production has fallen to 230,000 barrels a day from 570,000 bpd due to the closure of the el-Sharara field following protests, state-owned National Oil Corp (NOC) said."The country's oil production has fallen to 230,000 bpd after the closure on Thursday evening of the oilfield at el-Sharara," which has an output of 330,000 bpd, NOC spokesman Mohamed al-Harairi said on Sunday.Harairi added that the field had to shut down because "protest movements near the...…
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