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Sasol raises cost estimate for U.S. plant by around $1 billion

South African petrochemicals firm Sasol has raised the expected cost of its U.S.-based ethane cracker project by around $1 billion.  The announcement sent the price...

Nigeria’s economy slows to 2.01 percent growth in Q1

Growth in Nigeria’s fragile economy slowed to 2.01% in the first quarter thanks to a poor showing from the country's oil industry. The annual pace...

EAC members seek a common stand on tariffs

East African Community member states are meeting in Entebbe, Uganda, this week in a desperate attempt to agree on a common position on how...

Algeria, Italy sign deal to extend gas supply for 10 years

Algeria's oil giant Sonatrach and Italy's Eni on Thursday signed two agreements on the purchase and transport of natural gas for 10 years to...

Boeing says 737 Max software upgrade is complete

Boeing says the software update for its grounded 737 MAX aircraft is complete. The proposed fix addresses a problem with a flight handling system which...

Anglo American opens $62 million smelting plant in Zimbabwe

The $62 million platinum smelter is the country's first and is part of President Emmerson Mnangagwa's plan to strengthen the country's mining industry. "We are...

Nigeria’s Senate approves Central Bank governor for second term

Nigerian Central Bank Governor Godwin Emefiele will serve a second five-year term in office after the Senate unanimously approved his nomination in a vote...

Army puts backers off multibillion-dollar Zimbabwe platinum mine

A plan to build Zimbabwe’s biggest platinum mine at a cost of about $4bn (about R57bn) is floundering because a military stake in the...

Zambia leaders thank Chinese firms for helping create jobs in the...

Chinese enterprises in Zambia have been commended for their efforts in supplementing the Zambian government efforts in creating jobs, a civic leader said on...

Morocco, Guinea sign joint mining deal

Moroccan Minister of Energy Aziz Rabbah and his Guinean counterpart Abdoulaye Magassouba signed on Monday in Rabat a cooperation agreement in the area of...
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