News

Cote d’IvoireTargets Production Increase

01-08-2013 | 05:35:21
The oil markets may see close to 170,000 bpd added over the next five years if Cote d’Ivoire has its ambitions realized. The country said it hopes to see ...

Angola Maintains Top China Supplier Status

01-08-2013 | 05:26:06
Despite seeing its crude oil exports to China drop by 18% in October, Angola managed to maintain its top supplier status along with Saudi Arabia and Oman.    The ...

MTN to launch 4G technology

01-08-2013 | 04:33:26
Ugandans will beginning March access fourth generation (4G) technology - the latest and fastest technology. The development comes after MTN, announced ...

Statement by IMF Managing Director Christine Lagarde at the Conclusion of a Visit to Malawi

01-07-2013 | 13:39:45
Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), made the following statement today in Lilongwe: “It is a great pleasure ...

Oando PLC opens N54.6 Billion Rights Issue Offering

01-07-2013 | 13:38:58
Oando PLC, Nigeria’s leading indigenous energy group, listed on both the Nigerian and Johannesburg Stock Exchange, today opened its Rights Issue to raise ...

Dangote to build Cement Plant in Pout, Senegal

01-07-2013 | 13:37:48
The Nigerian billionaire Dangote wants to launch a cement plant in Pout, Senegal next year. When the cement plant starts operations, it will double the ...

NNPC Announces Restoration of Ije-ododo Pipeline

01-07-2013 | 13:36:52
A few days after the Ije-ododo pipeline vandalism and fire outbreak  in Lagos, the Nigerian National Petroleum Corporation, NNPC, announced the full and ...

GTBank Re-affirms Commitment to Secure Banking

01-07-2013 | 13:35:55
Foremost Nigerian financial institution, Guaranty Trust Bank plc has re-affirmed its commitment to the safety of stakeholder funds as it prepares for the ...

The World Bank and Morocco Partner to Manage Currency Risk

01-07-2013 | 13:34:57
The World Bank executed a US$1 billion currency swap transaction for Morocco to manage its exposure to the US dollar from a recent bond issuance. This ...

Government gets 88 Million Dollars From World Bank

01-07-2013 | 11:24:35
Government has received eighty-eight- point- six million dollars from the World Bank towards the implementation of Ghana Social Opportunities Project, ...

Shaanxi to begin Mining in Upper East

01-07-2013 | 11:21:37
Shaanxi Mining Company Limited, a subsidiary of China Gold Resources Group Company Limited is supporting two small scale firms in the Talensi District ...

Ericsson to improve Etisalat’s radio network in Egypt

01-07-2013 | 10:15:24
Ericsson has entered into an agreement with Etisalat Egypt to transform the telecom operator’s radio network to enable a full range of converged information ...

Ecobank opens Equatorial Guinea branch

01-07-2013 | 10:01:57
The Ecobank Transnational Incorporated (ETI) has announced the opening of its Equatorial Guinea affiliate.A statement from the pan-African bank said the ...

Coca-Cola bottlers in CEO search after Kenyan merger

01-07-2013 | 07:24:09
Three Coca-Cola bottlers are set to begin the search for a new executive and directors after the completion of their merger, which has seen Centum become ...

The African Union promotes collaboration with the Media for peace and security

12-21-2012 | 11:36:15
The 2nd High Level Media Workshop on the African Union Peace and Security Architecture (APSA) started today in Dakar, Senegal, on the theme “Promoting ...

NPDC Announces Boost in Crude Oil Production - Ramps up Gas Supply by 65mmscfd

12-21-2012 | 11:22:01
In keeping with its target to grow its production to 250,000 barrels per day by 2015, the Nigerian Petroleum Development Company (the Exploration and Production ...

Tanzania’s EITI Compliance “a milestone for growth prospects”, says World Bank

12-21-2012 | 11:18:20
Tanzania’s  compliance with the Extractive Industries Transparency Initiative (EITI), which promotes greater transparency and accountability in managing ...

Oando PLC holds Completion Board Meeting to Raise N54.6bn through Rights Issue

12-21-2012 | 11:17:41
Oando PLC, Nigeria’s leading indigenous energy group listed on both the Nigerian and Johannesburg Stock Exchange, yesterday announced its plans to commence ...

SA's richest stretch of real estate goes fiber optic

12-21-2012 | 11:16:29
Multichoice-owned Smart Village, specializing in large-scale deployments of high-capacity “Fibre-to-the-Home” multi-service networks, has announced the ...

AfDB Extends the Equivalent of USD 300 Million to FirstRand Bank Limited to Support Projects across Africa

12-21-2012 | 11:14:52
The Board of Directors of the African Development Bank (AfDB) has approved a seven-year multi-currency line of credit for an amount equivalent to USD 300 ...