Julian Roberts, CEO of international long-term savings group, Old Mutual, tells CNBC that they¿ve reshaped there business to drive growth in Sub Saharan Africa, where sales grew by 18 percent.» Read More
LONDON, May 23- In the lurid scene of the red-handed knifeman describing his motives for hacking to death a British soldier in broad daylight, perhaps the most chilling aspect for Londoners was the man's unmistakably familiar accent.
GENEVA/ LONDON, May 22- The UK and French governments will join a global initiative that will require oil and mining firms to comply with new disclosure measures aimed at tackling corruption, British Prime Minister David Cameron said on Wednesday.
GENEVA/ LONDON, May 22- The UK and French governments are set to join a global initiative that will require oil and mining firms to comply with new disclosure measures aimed at reducing corruption, sources involved in the process said on Wednesday.
DUBAI, May 22- The lure of sub-saharan Africa, with its geographic proximity and promise of higher returns, is tempting cash-rich Gulf Arab bond investors to look south, a marked departure from the relative comfort and familiarity of the Middle East.
*Ghana wants to increase investment in cocoa sector. *Ghana has strong democratic institutions, oil wealth funds. Ghana is used to resource riches: it is already the world's number two cocoa producer and Africa's second-largest gold miner.
*Nigeria says to cut domestic debt over 3-5 years. LAGOS, May 20- Nigeria will increase the amount it borrows overseas to around 40 percent of all debt over the next three to five years, from 12 percent currently, to lower its funding costs, the head of the debt office said on Monday.
MAIDUGURI/YOLA, Nigeria, May 15- Nigeria launched a military campaign on Wednesday to flush Islamist militants out of their bases in remote border areas, after President Goodluck Jonathan declared a state of emergency in the northeast.
WASHINGTON, May 15- More than 80 percent of the world's major oil and gas-producing and mining countries fail to meet "satisfactory standards" for managing their natural resources, according to a report tracking global resource mismanagement and corruption.
*BG Group, OGX, Total, BP among winners at Brazil auction. RIO DE JANEIRO, May 15- For the first time in nearly five years, Brazil's flagging oil industry has received serious interest from private investors.
*BG Group, OGX, Total, BP among big winners at Brazil auction. RIO DE JANEIRO, May 15- For the first time in nearly five years, Brazil's flagging oil industry has received a jolt of serious interest from private investors.
WASHINGTON, May 15- Over 80 percent of the world's major oil and gas-producing and mining countries fail to meet "satisfactory standards" for managing their natural resources, according to a new report that tracks resource mismanagement and corruption.
RIO DE JANEIRO, May 14- Brazil's Petrobras and OGX, Britain's BP Plc and France's Total were some of the winners of Brazilian deepwater offshore oil and natural gas exploration blocks in the frontier region of Brazil's Foz do Amazonas offshore basin at an auction on Tuesday.
*Ghana bourse in middle of African pack. ACCRA, May 14- Ghana's bourse is up more than 50 percent so far this year, but the reluctance of key companies to list in the West African market may be blunting its economic impact.
JOHANNESBURG, May 10- After years of headlines about Africa's poverty, its emerging middle class is now grabbing attention as a driver of growth and democracy and an expanding pool of consumers for market-hungry retailers.
*Outsourcing sector defies recession in Portugal. *Global leaders in Portugal, Portuguese firms expand abroad. He earns 700 euros a month, 200 euros more than previously, plus bonuses, and the company covers his rent- a rare perk in Portugal.
Julian Roberts, CEO of international long-term savings group, Old Mutual, tells CNBC that they¿ve reshaped there business to drive growth in Sub Saharan Africa, where sales grew by 18 percent.
*Gas link with cheap U.S. is shattered as Mexico imports LNG. LONDON/ MEXICO CITY, May 9- Mexico is stepping up imports of liquefied natural gas as rising demand, falling domestic output and pipeline bottlenecks for cheap U.S. imports force it to pay at least four times more for added supplies.
Graham Stock, chief strategist at Insparo Asset Management, talks about African growth opportunities, which sectors to tap into and how investors' perception is worse than reality.
Pravin Jamnadas Gordhan and Ngozi Okonjo-Iweala, the finance ministers of South Africa and Nigeria, discuss the impact of euro zone turmoil and a slowing China on their countries.
*Nigerian Qua valued at dated plus $3.60- $3.80, steady. LONDON, May 7- Nigerian crude oil for June loading remains in ample supply, traders said on Tuesday, which could put pressure on crudes not supported by a grade-specific demand.