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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...

Exxon mulls over plans to sell Nigerian oil fields

Exxon Mobil recently held talks on the sale of a suite of oil and gas fields in Nigeria as the company focuses on new...

South African court orders miners’ union to suspend planned industry-wide strike

South Africa’s labour court has ordered a mineworkers’ union to suspend its plans for an industry-wide strike from February 28 to March 7 until...

Algeria invites Chinese companies to help diversify economy

Algerian Finance Minister Mohamed Loukal on Tuesday invited Chinese companies to help diversify Algeria's oil-dependent economy. Loukal, in a meeting with Chinese Ambassador to Algeria...

Power cuts slow South African private sector activity in March

Activity in South Africa’s private sector contracted sharply in March, a survey showed on Wednesday, with firms citing electricity blackouts as the main drag...

dos Santos reelected to Unitel board but could still be ousted...

Isabel dos Santos, Africa’s richest woman and the daughter of Angola’s former president, has been re-elected to the board of Unitel, the Angolan telecoms...

Firestone in Liberia pursues drastic layoffs, worrying many

The 6,500 workers at the Firestone rubber plantation in Liberia are bracing for job cuts after the American-owned company announced it will substantially reduce...

Nigeria central bank cuts benchmark rate to 13.5pc

Nigeria’s central bank cut its benchmark interest rate to 13.5 percent from 14 percent as part of an attempt to stimulate growth in Africa’s...

Equity Bank opens representative office in Ethiopia

Regional lender Equity Bank has opened a commercial representative office in Ethiopia, as part of plans to set up operations in the horn of...

Ghana central bank revokes licenses of hundreds of financial institutions amid...

Ghana's central bank announced here late Friday the withdrawal of the licenses of 386 Non-Bank Financial Institutions (NBFIs) which have become bankrupt. The action which...
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