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Tuesday, June 27, 2017

African Investors take over…as Barclays PLC reduces stake to 16.4% in...

Barclays PLC reduces ownership in Barclays Africa to 23.4% in overnight bookbuild Additional 7% to be taken up by the Public Investment Corporation...

Faure Gnassingbè is new ECOWAS chair

President of Togo, Faure Gnassingbè is the new chair of the Economic Community of West African States (ECOWAS). He takes over from Liberian President Ellen...

Senior South African Ruling Party Leader Backs Land Seizures

One of the most influential leaders of South Africa’s ruling African National Congress backed a suggestion by President Jacob Zuma that the state be allowed...

Libya’s Khalifa Haftar ‘retakes oil ports from Islamist militia’

Forces loyal to Libyan military strongman Khalifa Haftar say they have retaken key oil-rich areas in the country's east. Ground, sea and air forces were...

Four Charts Show Pain Before Gain in Nigeria’s Economic Plan

President Muhammadu Buhari’s plan to lift Nigeria’s economy from its worst slump in a quarter century may entail short-term pain for potential long-term gain. The...

Cocoa Plunge, Mutinous Army May Widen Ivory Coast Deficit

Tumbling cocoa prices and unscheduled payments to civil servants and mutinous soldiers in the past two months could widen Ivory Coast’s budget deficit and curb...

Nigeria’s Proposed Sale of Oft-Bombed Oil Assets Not Easy

For sale: stakes in oil fields. Bids from world class energy companies preferred. Pipelines and terminals associated with the deposits only blown up about...

Nigerian President Buhari Returns From Medical Leave in U.K.

Nigerian President Muhammadu Buhari arrived in the capital, Abuja, after spending more than seven weeks on sick leave in the U.K. and said his...

Nigeria closes Abuja airport for repairs

Nigeria has closed its main airport in the capital, Abuja, for six weeks to allow badly needed repairs to be carried out. It comes after...

Lesotho Monarch Dissolves Parliament, Calls Election

Lesotho’s monarch, King Letsie III, dissolved the kingdom’s parliament and called for elections, according to Deputy Prime Minister Mothejoa Metsing who commented on state-owned...
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