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South Sudanese rebels say closing in on oil fields

South Sudanese rebels say closing i…

Rebels in South Sudan s...

Mali coup leader charged with conspiracy to murder

Mali coup leader charged with consp…

Malian authorities have...

U.S. vows to help Libya tackle 'rising violent extremism'

U.S. vows to help Libya tackle 'ris…

U.S. Deputy Secretary o...

Farmers, Fulani herdsmen clash on Nigeria-Cameroon border

Farmers, Fulani herdsmen clash on N…

At least 20 people are ...

Fulani herdsmen confess to membership of Boko Haram

Fulani herdsmen confess to membersh…

It has emerged that gro...

Police disperse crowds in Senegal as ex-president's return delayed

Police disperse crowds in Senegal a…

Senegalese police dispe...

2 policemen, militants killed in several violent attacks in Egypt

2 policemen, militants killed in se…

A senior police officer...

Car bomb kills 4 including 2 policemen in Kenyan capital

Car bomb kills 4 including 2 police…

Four people killed when a...

US draft urges respect for human rights in Western Sahara, no UN monitors

US draft urges respect for human ri…

A U.S.-drafted resoluti...

63 killed as speeding train derails in Congo Democratic

63 killed as speeding train derails…

At least 63 people were...

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Business (182)

Libya to resume oil exports from Hariga port

Libya's crude export terminal recovered from rebel hands has been reopened for renewed exports, the National Oil Co (NOC) has said. The Al-Hariga terminal has a daily capacity of 110,000 barrels. NOC did not say why it had not taken similar action at Zueitina, which has a capacity of 100,000 barrels per day. The army announced on Wednesday it had taken control of Al-Hariga and Zueitina ports under a deal to end a crippling nine-month…
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After deal, Libya's ports set to load oil tankers

Libya's Zueitina oil port prepared on Monday to load crude into tankers after the government reached a deal with rebels to reopen four terminals that insurgents have occupied since the summer. The federalist rebels agreed on Sunday to end gradually their eight-month blockade of Zueitina, Hariga, Ras Lanuf and Es Sider ports, which account for around 700,000 barrels per day of the OPEC country's crude exports. Brent crude fell $1.47 to a low of $105.25…
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IMF reaches agreement with Central African Republic

The International Monetary Fund says it has reached an agreement with authorities from Central African Republic that could see the Bangui government receiving more than $21 million this year to shore up its battered economy. Ekue Kpodar, the head of the IMF team, made the announcement Thursday after the two sides met in neighboring Douala, Cameroon. Kpodar says the funds could be supplied in installments of $12.8 million and $8.5 million subject to approval by…
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Libyan protesters block oil pipeline to Mellitah port as strikes widen

Libyan protesters have blocked a pipeline carrying oil condensates from the southwestern al-Wafa oilfield to the Mellitah export port, state-owned National Oil Corp (NOC) said on Thursday. The action, the latest in a wave of protests paralyzing oilfields and ports across the North African country, knocks out one of the last oil export lines for the cash-strapped government. NOC spokesman Mohammed El Harari said a gas pipeline from the Wafa field, which produces around 30,000…
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World Bank releases $70 million to help Rwanda combat poverty

The World Bank signed off on a $70 million financing package for Rwanda on Wednesday, the last tranche of a three-year aid program, which will be partly used to make poverty-fighting programs more effective at combating natural disasters.The deal, which will include a $46 million loan and a grant of $24 million, was signed shortly after typically tropical rains lashed the hilly capital, Kigali, sending torrents of water cascading through the streets.President Paul Kagame has…
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Morocco's tourism sees record 10M visitors in 2013

Morocco's tourism minister says a record-breaking 10 million people visited the North African country in 2013, indicating the industry is recovering from the setbacks of the Arab Spring revolutions.After several years of flat growth, Morocco on Tuesday reported a 7.2 percent increase in arrivals since 2012.Morocco, whose beaches, exotic cities and pristine mountains are popular among Europeans, relies on tourism for 10 percent of its GDP, the second-largest contributor after agriculture.Tourism Minister Lahcen Haddad reported…
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10 years after debt relief, Africa's rush to borrow stirs concern

Nearly a decade after Nelson Mandela and anti-poverty activists Bono and Bob Geldof persuaded the rich world to forgive Africa's crushing debts, many countries' debt levels are creeping up again, which could undermine the region's growth boom. As African states line up to join the growing club of dollar bond issuers, economists and analysts warn of a slide back into indebtedness that could undo recent economic gains and create a "Eurobond curse" to match the…
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Losses mount as South Africa faces biggest post-apartheid mine strike

With no end in sight, South Africa's platinum strike is set to become the biggest single stoppage to hit the country's mining sector since the end of apartheid in 1994, and now threatens the viability of an industry already in deep trouble.Revenue and production losses look sure to top those experienced in 2012, when a wave of rolling, wildcat strikes pushed Anglo American Platinum into the red and forced Lonmin into a rights issue to…
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Entreprenuership grows in Egypt's failing economy

In Egypt's newest reality television show, contestants sold fruit juice from push carts in Cairo's busiest market and later organized a desert safari for tourists, hustling to make sales in the capital's crowded streets. The program, called "The Project" in Arabic, highlights entrepreneurship and small business acumen - something experts say is more crucial than ever as Egypt tries to claw its way out of tough economic times. With youth unemployment upward of 30 percent…
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Egypt lobbies Germany to ease travel advisory

Egypt is urging Germany to ease its advice against travel to the entire Sinai peninsula after security concerns following the fatal bombing of a tourist bus prompted operators to bring back holidaymakers from the Sharm el-Sheikh Red Sea resort last week. "The latest crisis that we are in today is the negative travel advisory by the German government," Egypt's Tourism Minister Hisham Zaazou told Reuters in an interview at the ITB travel fair in Berlin…
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