africa news

Sirius announces Nigeria acquisition

London-based Sirius Petroleum has entered a conditional agreement to purchase a 40 per cent participating interest in Nigeria’s Ke oil field and the surrounding Ke farmout area.
Sirius announces Nigeria acquisition

Nigeria approves $2.5 billion Nitel bid

Nigeria has approved a $2.5 billion offer for its main fixed-line telecoms group Nitel, it has been announced.
Nigeria approves $2.5 billion Nitel bid

Russia and Egypt in telecom deal

Russian telecom giant Vimpelcom and Egypt’s Weather Investments have agreed to merge their assets, it has been announced.
Russia and Egypt in telecom deal

ABB to acquire mine hoist business in South Africa

International power and automation technology group ABB intends to expand its mining interests in South Africa with the acquisition of the mine hoist related business of local m
ABB to acquire mine hoist business in South Africa

President Zuma encourages investment in South African mining

South African president Jacob Zuma told an audience in Belgium today that South Africa offers mining investors huge growth potential and proven economic and political stability.
President Zuma encourages investment in South African mining

France T├®l├®com buys M├®ditel stake

France Télécom has bought a 40 per cent stake in Méditel, Morocco’s second-largest mobile operator, for €640 million, marking the first step in its strategy to boost its presenc
France T├®l├®com buys M├®ditel stake

Tullow confirms Owo as major oil field

Tullow Oil has today announced a key new oil discovery in its Owo-1 exploration sidetrack in the Deepwater Tano licence offshore Ghana which confirms that its Owo well is now a

Tullow confirms Owo as major oil field

Liberia gives go-ahead to palm oil project

The government of Liberia has embarked upon a $1.6 billion palm oil project with Golden Agri-Resources (GAR), the subsidiary of Singapore palm oil producer Golden VerOleum.
Liberia gives go-ahead to palm oil project

Afren posts strong results

Africa-focused oil company Afren has announced strong interim results on the back of higher oil prices, and looks set to double production this year.
Afren posts strong results

Suntech signs South Africa solar deal

Suntech Power Holdings Co Ltd, China's largest maker of solar panels, has signed a deal to develop solar plants in South Africa with up to 100 megawatts in capacity.
Suntech signs South Africa solar deal

Xstrata increases Africa presence

Mining giant Xstrata has agreed to acquire Australian iron ore developer Sphere Minerals for A$428 million (approx. €300 million), it has been announced.
Xstrata increases Africa presence

ArcelorMittal re-enters Sishen project

ArcelorMittal South Africa has offered to pay R800 million for Imperial Crown Trading (ICT), which holds rights to a 21.4 per cent prospecting stake in Kumba Iron Ore's Sishen M
ArcelorMittal re-enters Sishen project

Russia and South Africa sign uranium deal

Russia has signed a deal to provide South African nuclear power stations with uranium until at least 2017.
Russia and South Africa sign uranium deal

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