As oil prices have fallen, currencies of developing countries that rely heavily on exports have been sliding.» Read More
The world's attention may have shifted to U.S. airstrikes on Syria, but West Africa continues to be ravaged by the worst outbreak of Ebola.
ABUJA, Sept 20- Nigeria's oil minister announced a 213 billion naira bail-out package for power companies on Saturday, nearly a year after the sector was privatised.
Fishery poaching is wiping out shoreline stocks and pushing poor fishermen from some countries toward piracy.
Ngozi Okonjo-Iweala, Minister for Finance of Nigeria, discusses the impact of Ebola on cross-border trade in Africa. She also outlines the preventive measures Nigeria has implemented.
*BNP Paribas tasked to find buyers for field- sources. LONDON/ LAGOS, Sept 16- France's Total SA, Europe's second largest oil company, has put one of its offshore Nigerian oil fields up for sale again, the company said, after a 2012 deal with Sinopec Corp failed.
SINGAPORE/ MOSCOW/ BERLIN, Sept 5- Germany's Rocket Internet faces daunting logistical challenges and rising local competition from Lagos to Laos as it races to capture customers in emerging markets before e-commerce titans Amazon and Alibaba can catch up.
MAIDUGURI, Nigeria, Sept 4- Hundreds of civilians are fleeing Nigeria's northeastern city of Maiduguri as fears grow that Islamist Boko Haram militants may try to assault the Borno state capital after seizing towns and territory around it, residents said on Thursday.
*Deal could attract Middle Easterners to Africa. DUBAI/ LAGOS, Sept 4- Qatar National Bank on Thursday bought a 12.5 percent stake in Ecobank for about $200 million, its latest purchase in a drive to be the biggest bank in the Middle East and Africa by 2017..
DUBAI/ LAGOS, Sept 4- Qatar National Bank, the Gulf's largest bank, said on Thursday it was buying a 12.5 percent stake in pan-African lender Ecobank Transnational Incorporated. QNB has said it wants to become the largest bank in the Middle East and Africa by 2017- it is currently second in terms of assets, behind South Africa's Standard Bank.
LAGOS, Sept 4- Nigeria's Access Bank has been meeting with domestic investors over the past week to gauge interest in a possible rights issue of 60- 70 billion naira by the fourth quarter, a fund manager and a banking source with knowledge of the roadshow, said on Thursday. Access Bank was also discussing with investors in Abuja.
*New company to own, manage MTN's 9,151 towers in Nigeria. DUBAI, Sept 4- South Africa's MTN has agreed to form a joint venture with specialist tower company IHS that will own and operate MTN's 9,151 transmitter towers in Nigeria, IHS said on Thursday.
GENEVA/ LAGOS Aug 28- The Ebola epidemic in West Africa could infect more than 20,000 people, the U.N. health agency said on Thursday, warning that an international effort costing almost half a billion dollars is needed to overcome the outbreak.
American investors aren't panicked about the re-emergence of Ebola in Africa, at least in the long term.
Onyebuchi Chukwu, Nigerian health minister, says the Ebola outbreak has been contained in Nigeria and that the country is working with its neighbors to fight the disease.
*Liberia records most new deaths, worries over Monrovia. The epidemic of the hemorrhagic disease, which can kill up to 90 percent of those it infects, is ravaging the three small West African states of Liberia, Sierra Leone and Guinea, and also has a toehold in Nigeria, Africa's biggest economy.
SAN FRANCISCO, Aug 19- Uber has enlisted David Plouffe, President Barack Obama's 2008 campaign manager, to devise and run its global political and branding strategy, as the fast-expanding car rides-on-demand startup runs into stiff resistance in some cities.
SAN FRANCISCO, Aug 19- Uber has enlisted David Plouffe, President Barack Obama's 2008 campaign advisor, to devise and run its global political and branding strategy, as the fast-growing car rides-on-demand firm runs into stiff resistance from taxi companies in some cities.
Suspected Islamist Boko Haram fighters have abducted dozens of boys and men in a raid on a remote village in northeast Nigeria.
Ebola outbreaks may become more frequent because of climate change, scientists warn, as the deadly disease ravages West Africa.
Staff with the World Health Organization battling an Ebola outbreak in West Africa see evidence the numbers of reported cases and deaths vastly underestimates the scale of the outbreak.