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Tourist killed in Mombasa, second in July: police

Tourist killed in Mombasa, second i…

A German female tourist...

Air Algerie plane still missing, 'probably' crashed

Air Algerie plane still missing, 'p…

French Foreign Minister...

British film institute, ZAFAA to train Nigerian actors, producers in London

British film institute, ZAFAA to tr…

In a bid to ensure that...

Algeria, Tunisia to continue common fight against terrorism

Algeria, Tunisia to continue common…

Algeria and Tunisia on ...

10 person killed in Lagos Nigeria as truck drives into market in Igando

10 person killed in Lagos Nigeria a…

About 10 people were ki...

Gunmen kill at least four in Mombasa Kenya, scatter leaflets

Gunmen kill at least four in Mombas…

Gunmen killed at least ...

Italy rescues 1,800 migrants over weekend, five bodies recovered

Italy rescues 1,800 migrants over w…

Italy's navy said it re...

Libya former rebel commander appeals ruling on British torture case

Libya former rebel commander appeal…

A former Libyan Islamis...

Militants blow up gas pipeline in Egypt's Sinai

Militants blow up gas pipeline in E…

Unknown militants blew ...

Italian PM Matteo Renzi visits Mozambique

Italian PM Matteo Renzi visits Moza…

Mozambican President Ar...

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Business (209)

Algeria to produce 30 billion cubic meters shale gas by 2020

Algerian state energy giant Sonatrach said on Saturday it plans to produce as much as 30 billion cubic meters of shale gas annually by 2020, official APS news agency reported. The report, quoting a source with the firm, said the group has already confirmed the decision of future output expansion in early July. Sonatrach plans to drill for shale gas in the basins of Ahnet and Illizi after being authorized by the government, it added.…
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South African union NUMSA says to intensify metals, engineering strike

South Africa's main manufacturing union, NUMSA, said it has agreed a plan of action to intensify a three-week strike over pay that has hit car makers and construction companies. Around 220,000 workers have downed tools in demand of a double-digit wage increase, a blow to Africa's most advanced economy as it struggles to avoid recession and is still recovering from a crippling five-month strike in the platinum sector, which ended in June. The National Union…
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Congo DR launches agri-business park in move to revamp farming

Democratic Republic of Congo has launched its first agricultural business park, the initial step in a plan to use its vast tracts of arable land to produce food, create jobs and wean the economy off its dependence on mining. Congo has 80 million hectares of arable land and some 70 percent of the population works in farming but most are involved in subsistence agriculture and the country spent $1.5 billion on food imports last year.…
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Zimbabwe's economy on the mend as trade deficit narrows by 25 pct

Zimbabwe's trade deficit declined 25.7 percent to 1.76 billion U.S. dollars in the six months to June this year, down from 2.37 billion U.S. dollars recorded during the same period last year. However, the narrowing gap was mainly contributed to depressed demand and liquidity challenges rather than a boost in manufacturing. According to figures released by the Zimbabwe National Statistics Agency (Zimstats) Tuesday, imports amounted to 2.99 billion U.S dollars, down from 3.92 billion U.S…
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World Bank says Angolan economy recovering

Angolan economy was in a process of recovery in 2014 after recording a growth of gross domestic product of 4.4 percent in 2013, the World Bank said in a report on Thursday. The growth recorded in 2013 was higher than the average of 3.5 percent of the 2009/2011 period, but lower than the 5.2 percent of 2012, according to excerpts of the report which was carried by Angola's official Angop news agency. Non-oil sectors in…
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ECOWAS to introduce common tariff in 2015

The Economic Community of West African States (ECOWAS) is expected to start the common external tariff on Jan. 1, 2015. Ghanaian President John Dramani Mahama, announced this at the ongoing 45th Summit of ECOWAS heads of State in Accra on Thursday. Mahama, who is also chairman of the sub-regional body, said this when he opened the 45th Ordinary Session of ECOWAS. The ECOWAS heads of state and government decided in 2006 to establish the common…
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After fuel hike, Egypt president raises cigarette, alcohol prices

Egypt's president decreed an increase in sales tax on cigarettes, beer and wine, the latest in a series of price hikes that aim to ease the country's staggering budget deficit. The decision announced Sunday increases a flat tax on local and imported cigarettes to between 25 and 40 cents per pack, depending on the brand. It doubles an already existing tax on beer, from 100 percent to 200 percent, and increases the tax on local…
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Shots fired as Liberia police quell ArcelorMittal mine protest

Liberia's security forces fired shots in the air to break up a protest at an ArcelorMittal SA iron ore plant northeast of the capital on Friday, authorities and witnesses said. The protesters, who also fired shots, blocked entries to the mine, the company's railroad and offices. The company said in a statement they also entered the mines and looted equipment and building materials near the mine entrance, causing significant damage. One demonstrator, who declined to…
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World pension summit, African special holds in Abuja

World Pension Summit will have its first ‘Africa Special’ in Abuja, Nigeria. This annual specialized Summit for Africa has been organized jointly with the National Pension Commission of Nigeria. The Summit for all African pension professionals will present, and debate upon specific African pension innovation, key scenarios, and scheme development. Global insights and best practices will be presented, shared and discussed by renowned international experts. Since 2004 Nigeria has taken up a leading role with…
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Zimbabwe finance minister say country in "debt crisis"

The debt-ridden Zimbabwean government said Thursday it will restrict borrowing to financing only infrastructure and productive sector projects in a move to curtail the country's ballooning domestic and external debt now standing at 9.9 billion U.S. dollars. Finance Minister Patrick Chinamasa said Zimbabwe needed to urgently find a solution to the debt crisis which he acknowledged had become a major impediment to the country's ability to unlock new financing from international financial institutions and foreign…
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