Business Africa

  • WASHINGTON— Donald Trump's inaugural address held familiar echoes of the campaign speeches that led to his presidential win: downbeat about the state of the nation, to the point of hyperbole. A look at some of his assertions Friday:. Still, Trump's talk of "rusted-out factories scattered like tombstones across the landscape of our nation" rings true in...

  • *Africa low on agenda at Davos 2017 amid focus on Trump, Brexit. DAVOS, Switzerland Jan 20- In this Swiss Alps town where the global elite have gathered to debate the world's problems, there seems to be little room on the radar for Africa, a continent of over a billion people where a commodity-fuelled growth boom has soured with a vengeance. These issues seem a world...

  • *Africa low on agenda at Davos 2017 amid focus on Trump, Brexit. DAVOS, Switzerland Jan 20- In this Swiss Alps town where the global elite have gathered to debate the world's problems, there seems to be little room on the radar for Africa, a continent of over a billion people where a commodity-fuelled growth boom has soured with a vengeance. These issues seem a world...

  • *Africa low on agenda at Davos 2017 amid focus on Trump, Brexit. DAVOS, Switzerland Jan 20- In this Swiss Alps town where the global elite have gathered to debate the world's problems, there seems to be little room on the radar for Africa, a continent of over a billion people where a commodity-fueled growth boom has soured with a vengeance. These issues seem a world away...

  • *Africa low on agenda at Davos 2017 amid focus on Trump, Brexit. DAVOS, Switzerland Jan 20- In this Swiss Alps town where the global elite have gathered to debate the world's problems, there seems to be little room on the radar for Africa, a continent of over a billion people where a commodity-fueled growth boom has soured with a vengeance. These issues seem a world away...

  • JOHANNESBURG, Jan 20- South Africa's Gupta brothers said in court documents on Friday that they were the victims of a political campaign to damage their business interests, the latest stage in a long-running controversy over their ties to President Jacob Zuma. He has asked the High Court in Pretoria for a declaratory judgment that he cannot interfere with...

  • *Revenue from North America up 4 pct. Jan 20- Schlumberger NV said on Friday that it does not expect a "dramatic" short-term recovery in international markets, compared with North America where shale producers are already ramping up drilling activity. The world's No.1 oilfield services provider reported a more-than-8-percent drop in fourth-quarter revenue...

  • Military forces had to enter the small African nation of The Gambia this week in order to help the new president take office.

  • *Has partnerships with 3 telecoms firms in Nigeria. LAGOS, Jan 20- Sony Music Entertainment sees big growth prospects for music streaming in Nigeria, thanks to falling internet data costs and a large, growing population, a senior executive told Reuters. Michael Ugwu, general manager for West Africa, said Sony Music had set up partnership deals in Nigeria with...

  • DAVOS, Switzerland, Jan 20- When it comes to fighting malaria, Bill Gates and Ray Chambers are both inspired and concerned: With victory in sight, will the world's new leaders commit to finally beating this persistent parasite? "The imponderable is what happens with President Trump," said Chambers, the United Nations special envoy for malaria.

  • BILLIONAIRE INVESTOR GEORGE SOROS SAYS EUROPE IS NOT GOING TO DISINTEGRATE- BBG TV.

  • LAUNCESTON, Australia, Jan 19- One of the consequences of the cuts to crude oil supply by OPEC and its allies has been the sharp narrowing of the premium that light crude commands over heavier grades. The Brent- Dubai exchange for swaps, which tracks the difference between Brent, global benchmark for light crude, and Dubai, main price marker for heavier oil in the...

  • BREGA, Libya, Jan 19- Guards and officials at major ports in Libya's eastern Oil Crescent say they are hoping foreign workers will soon return as they struggle to build on output gains with meagre resources. The lifting of a long blockade at the ports helped Libya's oil output to more than double to over 600,000 barrels per day. Recent and future gains threaten to...

  • *South Africa has world's deepest mines. RANDFONTEIN, South Africa, Jan 19- The number of miners killed in South Africa's mines fell in 2016 to a new record low of 73 from 77 in 2015 thanks to a government drive to improve practices, Mineral Resources Minister Mosebenzi Zwane said on Thursday. Unions in South Africa, the world's top platinum producer, say the death...

  • Gambia's President Yahya Jammeh.

    West African troops were poised to intervene in Gambia on Thursday after President Yahya Jammeh's mandate expired and he refused to stand down.

  • RANDFONTEIN, South Africa, Jan 19- The number of miners killed in South Africa's mines fell in 2016 to a new record low of 73 from 77 in 2015 following a crackdown by the government, mines minister Mosebenzi Zwane said on Thursday. "If you can't mine safely, don't mine at all," Zwane said at a news briefing at the corporate offices of bullion producer Harmony Gold west of...

  • *South Africa's economy expected to expand in 2017. JOHANNESBURG, Jan 19- South Africa's economy will get a boost from perkier commodity prices, a benign inflation outlook and better rains for the agriculture sector this year, a Reuters poll found on Thursday. The South African Reserve Bank estimated GDP expanded 0.4 percent last year.

  • *Companies to focus on east Europe, Latin America, Africa. "You're seeing the majors sharpening their pencils after a long while and actually flipping around from disposals to acquisitions," said Tony Durrant, chief executive of British energy firm Premier Oil, which is looking to sell several stakes in its North Sea operations. Total acquisitions of oil and gas...

  • *Companies to focus on east Europe, Latin America, Africa. "You're seeing the majors sharpening their pencils after a long while and actually flipping around from disposals to acquisitions," said Tony Durrant, chief executive of British energy firm Premier Oil, which is looking to sell several stakes in its North Sea operations. Total acquisitions of oil and gas...

  • LAUNCESTON, Australia, Jan 19- One of the consequences of the cuts to crude oil supply by OPEC and its allies has been the sharp narrowing of the premium that light crude commands over heavier grades. The Brent- Dubai exchange for swaps, which tracks the difference between Brent, global benchmark for light crude, and Dubai, main price marker for heavier oil in the...