Nigeria
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Davinder Sikand, partner at private equity firm the Abraaj Group, says that Africa's growing urbanisation and middle class will drive the continent's growth.
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LONDON, June 18- Pirate attacks off West Africa's mineral-rich Gulf of Guinea have almost doubled from last year and threaten to increase the costs and jeopardise the shipping of commodities from the region.
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DAKAR, Senegal-- A team of Al-Jazeera journalists was released late Monday after being detained for three days in eastern Niger, where they were held in a prison cell, according to a statement from the Qatar- owned network.
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LONDON, June 17- Even without a relaxation of the ban on U.S. crude oil exports, the ripples of the shale revolution have already reached Asia. More than half of Saudi Arabia's crude exports head to refineries in China and the rest of Asia.
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RIO DE JANEIRO, June 14- Brazil's Banco BTG Pactual SA continued a drive that has snapped up assets in troubled Brazilian resource companies by agreeing to buy 50 percent of an African business owned by state-run oil company Petroleo Brasileiro SA, the companies said on Friday.
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RIO DE JANEIRO, June 14- Brazil's Banco BTG Pactual SA agreed to pay $1.53 billion for a 50 percent stake in African oil and gas exploration and production assets of Brazilian state-run oil company Petroleo Brasileiro SA, the companies said in a statement on Friday.
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NAIROBI, June 14- East Africa's economies- Kenya, Uganda, Tanzania and Rwanda- may need to do more than just present their budgets simultaneously if they are to draw the foreign investment they need to wean themselves off aid.
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LONDON, June 14- Fastjet, the African budget airline backed by easyJet founder Stelios Haji-Ioannou, said it would temporarily shelve plans to launch domestic routes in South Africa to focus on rolling out international flights from Tanzania.
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DAKAR, June 12- Satellite operator O3B Network has customers signed up for one third of the capacity on eight new satellites to be launched by September to provide high-speed Internet to emerging markets, its chief executive said on Wednesday. Google and HSBC bank are among its other investors.
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UNITED NATIONS-- More than 11 million people are still facing hunger in Africa's Sahel region and urgent international aid is needed, a top U.N. humanitarian official said Tuesday. He said the appeal for Mali, where a violent conflict in the north as worsened the food crisis, is only 32 percent fulfilled.
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LONDON, June 12- The world is heading for a glut of refined products as new Asian and Middle East refineries increase oil processing in a move likely to force less advanced competitors in developed countries to close, the West's energy agency said on Wednesday.
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NAYPYITAW, Myanmar, June 12- In a few months, impoverished Myanmar plans to start pumping roughly $45 million worth of oil and gas a day from the Bay of Bengal to China by pipeline. It will mostly also bypass Myanmar.
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NAYPYITAW, Myanmar, June 12- In a few months, impoverished Myanmar plans to start pumping roughly $45 million worth of oil and gas a day from the Bay of Bengal to China by pipeline. It will mostly also bypass Myanmar.
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Brent crude oil settled 61 cents lower at $103.95 per barrel, after climbing to $104.76 earlier and trading as low as $103.66. U.S. oil ended the day 26 cents lower at $95.77 per barrel, after trading between $95.19 and $96.25. "The first half of this year's demand has been disappointing," said Vikas Dwivedi, energy strategist with Macquarie Group in Houston, Texas. "
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JOHANNESBURG, June 6- Snacks company Mondelez International Inc is close to introducing heat-resistant chocolate it can sell at market stalls in Africa and some of the world's hottest places, a senior executive said on Thursday.
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MARTE, Nigeria-- Islamist extremists raised their black flag over this village in the remote plains of northeast Nigeria, setting fire to a church, shutting down the schools and bombing the police station in a violent overthrow of government control.
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*Cocoa Corporation of Nigeria to address low prices- minister. WASHINGTON, June 5- Nigeria plans to set up a cocoa regulatory agency that would be run by the private sector as part of its efforts to revive its cocoa industry and double output in two years, its agriculture minister said on Wednesday.
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NEW YORK, June 5- U.S. crude production exceeded imports for the first time since early 1997 last week as rising output from shale plays cuts the country's dependence on foreign oil, according to government data released on Wednesday.
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LONDON, June 5- Rising shale oil production in the United States has slashed light oil imports from countries such as Nigeria and Algeria by more than half in the past two years. "U.S. light tight oil is distinctive in that rising production is causing an unexpected quality shift in the global crude mix," the International Energy Agency said last month.
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SAN FRANCISCO, June 4- Microsoft co-founder Bill Gates is leading a $35 million investment in ResearchGate, a Berlin- based network for scientists that ties into his interest in fighting disease.
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LILLESTROEM, Norway, June 4- West African heads of state will meet, maybe as soon as this month, to adopt a code to fight growing piracy in their coastal waters that would include use of arrests, prosecutions and seizures of ships, the U.N. shipping agency said.
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