Business Africa

  • Federal prosecutors allege that Ferraz paid $868,450 to Petrobras' ex-director of refining and supply, Paulo Roberto Costa, to renew at inflated prices contracts Decal do Brasil had with Petrobras to provide tanking and docking services at the Port of Suape in northeastern Brazil. At the time of his arrest, Ferraz was also working at Swiss trading company...

  • YANGON, Jan 12- Myanmar on Thursday awarded its fourth- and final- telecoms license to a joint venture between Vietnam's telecom company Viettel and two local firms, heating up competition in a rapidly growing market by adding a second majority- Myanmar operator. The venture is an unusual case of cooperation between businesses controlled by Myanmar and Vietnam...

  • LIBREVILLE, Jan 12- Royal Dutch Shell workers in Gabon began an "unlimited" strike on Thursday at all the company's operations in the Central African OPEC member country, the workers' union wrote in a letter to employees. Shell is in advanced talks to sell its Gabon assets, which one source estimated could be worth $700 million, leaving workers worried about layoffs...

  • LUSAKA, Zambia— A British law firm says one of its lawyers was arrested and held for hours in Zambia after meeting residents who filed complaints about alleged pollution from a copper mine. The firm represents communities bringing claims against London- based Vedanta Resources and its Zambian subsidiary, Konkola Copper Mines. Copper is Zambia's main export.

  • TAIPEI/ ABUJA, Jan 12- Taiwan objected on Thursday to an "unreasonable" Nigerian request to move its representative office out of the capital Abuja, a day after China announced plans to invest a further $40 billion in the African country. On Wednesday, after meeting his Chinese counterpart Wang Yi in Abuja, Nigerian Foreign Minister Geoffrey Onyeama was quoted by...

  • LIBREVILLE, Jan 12- Royal Dutch Shell workers in Gabon began on Thursday an "unlimited" strike at all the company's operations in the Central African OPEC member country, the workers' union wrote in a letter to employees. Shell is trying to sell its Gabon assets, which one source estimated could be worth $700 million, leaving workers worried about layoffs or being...

  • LIBREVILLE, Jan 12- Royal Dutch Shell workers in Gabon on Thursday began an "unlimited" strike on all operations in the Central African OPEC member, the oil workers union wrote in a letter to employees. There was no immediate response from Shell, and the cause of the strike was not immediately clear. Gabon is Africa's fourth largest oil producer with an output of...

  • *China electric car makers have large-scale advantage- BYD. BEIJING, Jan 11- More electric cars are sold in China than in the rest of the world combined, but are mainly locally-branded models that are cheaper and have a shorter range than those offered by foreign automakers such as Tesla and Nissan. China has spent billions of dollars on subsidies to help companies...

  • The Nigeria Union of Petroleum and Natural Gas Workers is one of several labor unions that have criticized oil companies for sacking workers in the last few months. A wave of militant attacks in the southern Niger Delta oil hub throughout 2016 has hampered production. The decision to call off the industrial action followed talks with Nigeria's labor minister...

  • The Nigeria Union of Petroleum and Natural Gas Workers is one of several labor unions that have criticized oil companies for sacking workers in the last few months. A wave of militant attacks in the southern Niger Delta oil hub throughout 2016 has hampered production. The decision to call off the industrial action followed talks with Nigeria's labor minister...

  • ABUJA, Jan 11- The Nigeria Union of Petroleum and Natural Gas Workers has suspended its nationwide three-day strike, the country's labor minister and the labor union's president said on Wednesday. Labour Minister Chris Ngige said the strike over job losses, which saw staff at filling stations and petrol tankers walk out, had been suspended.

  • ABUJA, Jan 11- The Nigeria Union of Petroleum and Natural Gas Workers has suspended its nationwide three-day strike, the country's labor minister and the labor union's president said on Wednesday. Labour Minister Chris Ngige said the strike over job losses, which saw staff at filling stations and petrol tankers walk out, had been suspended.

  • ABUJA, Jan 11- The Nigeria Union of Petroleum and Natural Gas Workers has suspended its nationwide three-day strike, the country's labour minister and the labour union's president said on Wednesday. Labour Minister Chris Ngige said the strike over job losses, which saw staff at filling stations and petrol tankers walk out, had been suspended.

  • ABUJA, Jan 11- The Nigeria Union of Petroleum and Natural Gas Workers has suspended its nationwide three-day strike, the country's labour minister and the labour union's president said on Wednesday. Labour Minister Chris Ngige said the strike over job losses, which saw staff at filling stations and petrol tankers walk out, had been suspended.

  • LONDON, Jan 11- The former regional heads for Africa at private equity giants KKR and Carlyle are setting up an investment firm, Arkana Partners, to target local equity investments of up to $100 million. Kayode Akinola told Reuters on Wednesday that he was leaving KKR to join forces with Marlon Chigwende, who left his role as Africa chief at rival Carlyle in 2016, as...

  • WASHINGTON, Jan 11- President-elect Donald Trump's pick for secretary of state, Rex Tillerson, faces tough questioning at his Senate confirmation hearing on Wednesday over his ties to Russian President Vladimir Putin and whether he shares Trump's view that relations with Moscow should be improved. According to excerpts from his opening statement released...

  • *China electric car makers have large-scale advantage- BYD. BEIJING, Jan 11- More electric cars are sold in China than in the rest of the world combined, but are mainly locally-branded models that are cheaper and have a shorter range than those offered by foreign automakers such as Tesla and Nissan. China has spent billions of dollars on subsidies to help companies...

  • "Star Wars" creator George Lucas chose Los Angeles as the home of a museum that will showcase his life's work.

  • LAGOS, Nigeria— An anti-corruption watchdog says the U.S. Senate should ask ExxonMobil CEO Rex Tillerson about oil deals in Nigeria and other African countries that allegedly undermine anti-corruption policies. Global Witness alleges that "questionable deals" between ExxonMobil and autocratic, oil-rich regimes have fueled instability and entrenched...

  • *Boost from lifting of sanctions against Iran. PARIS, Jan 11- French carmaker PSA Group said global vehicle deliveries rose by 5.8 percent last year, propelled by strong sales of its Peugeot brand in Iran and the continuation of the European auto market's recovery. PSA's deliveries surged 112.8 percent- by more than 200,000 units- in the Middle East and Africa...