Bob Diamond, Atlas Merchant Capital founder, shares his views on investing in Africa. It's a great business environment, says Diamond, talking about a deal he's about to close in Rwanda.» Read More
LONDON, Sept 24- Oil fell below $96 a barrel on Wednesday to its lowest level in over two years as rising supply from Africa and Iraq offset mounting tensions in the Middle East and stronger-than-expected growth expectations in China.
*Libya output up to 900,000 bpd-NOC. LONDON, Sept 24- Oil fell towards $96 a barrel on Wednesday as rising supply from Africa and Iraq offset mounting tensions in the Middle East and better-than-expected data in China.
FRANKFURT, Sept 24- Rocket Internet, the global e-commerce investor, will take a more hands-on role in its stable of companies following a stock market listing which was fully subscribed within the first hour of taking orders, it said on Wednesday.
LONDON, Sept 24- Oil fell towards $96 a barrel as rising supply from Africa and Iraq offset rising tension in the Middle East and better than expected data in China. Weak European economic data and a rise in oil exports from Iraq, Libya and Nigeria have hammered the oil price, which is down nearly 14 percent this quarter.
JAKARTA, Sept 24- Indonesia's president-elect Joko Widodo said on Wednesday he had not yet decided whether to temporarily halt operations at Pertamina's energy trading unit Petral, saying such a move needed to be carefully calculated. "Whether this company is making fuel inefficient, I don't know yet," Widodo, who takes office on Oct. 20, told reporters.
The wasps are being released in Indonesia, the latest country threatened by the mealybug. The pest first appeared in Indonesia in 2010 and Bogor on the outskirts of Indonesia's capital Jakarta was ground zero.
Sept 24- For other related diaries, please. NEW YORK- India Investment Forum. Indian Finance Minister Arun Jaitley and Finance Secretary Arvind Mayaram to attend.
BERLIN, Sept 23- Germany's Rocket Internet, a venture capital group that has launched dozens of online start-ups, priced its initial public stock offering in a range of 35.50 to 42.50 euros per share, valuing the company at some 6.2 billion euros.
JOHANNESBURG— South Africa has signed a deal with Russia to get up to eight nuclear reactors built with Russian technology. The deal was signed on Monday on the sidelines of a conference of the U.N. atomic agency in Vienna, South Africa's energy ministry said in a statement.
*Russia's Rosatom says signed $10 billion agreement. JOHANNESBURG, Sept 23- South Africa's nuclear cooperation deal signed this week with Russia is part of a tender process that will involve other competing countries and is not a contract to build power plants, government officials said on Tuesday.
MOGADISHU, Somalia— A German-American journalist who was kidnapped in Somalia more than two years ago was freed Tuesday, according to a Somali police official and a leader of the Somali pirates who had held him.
JOHANNESBURG, Sept 23- South Africa's nuclear cooperation deal signed this week with Russia is part of a tender process that will involve other competing countries and is not a contract to build power plants, government officials said on Tuesday.
TOBRUK/ LONDON, Sept 23- Food prices have risen in Libya as payments problems, fighting and a breakdown in authority disrupt the usual import routes as the country spins out of control three years after the ousting of Muammar Gaddafi.
Ashish Thakkar, Mara Group founder, discusses starting a business in Africa and the impact of Ebola on trade.
ALMHULT, Sweden Sept 23- Having redesigned kitchens, bathrooms and sitting rooms around the world, IKEA has decided to redesign itself.
MILAN/ LUANDA, Sept 22- Angola's liquefied natural gas plant faces major reconstruction to fix design flaws and corrosion of nearly-new equipment, threatening to extend a lengthy closure and pushing unofficial estimates of the project's cost to at least $12 billion.
PARIS— Investigators probing the crash of an Air Algerie jet in July that killed all 116 people on board say they have no solid leads on the cause of the accident.
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.
CINCINNATI— Will Radcliff, who built a multimillion-dollar global business from flavored, icy Slush Puppie drinks, has died in Cincinnati. His daughter DeeAnn Radcliff Harmon said Radcliff died Thursday in hospice care after his health declined following a recent fall.
*To help Mitsubishi maintain production levels in Thailand. MILAN/ TOKYO, Sept 19- Mitsubishi Motors will produce a new pickup for Fiat from 2016 in a deal to boost the Italian carmaker's commercial vehicle sales and raise output at the Japanese company's plant in Thailand.