africa news

Profits rise by 217 per cent at African Barrick Gold

African Barrick Gold has reported a half year net profit rise of 217 per cent.

De Beers announces strong first half growth

De Beers, the name synonymous with diamonds, reported increased earnings for the six months ended June 30, with both sales volumes and prices increasing significantly following

African Minerals agrees $1.5 billion Chinese deal

Mining group African Minerals has signed a deal with a Chinese steelmaker for a $1.5 billion (£989 million) investment that will help it develop what could be the biggest iron o

HSBC mulling Nedbank bid

HSBC is considering making a bid for South Africa’s Nedbank, majority owned by the insurance group Old Mutual, it has been reported.

China to fund Nigerian refineries

Nigeria's state-run oil firm NNPC has said that three new refineries will be on-stream by 2014, following a deal signed with China State Construction Engineering Corp (CSCEC).

Libya eyeing BP stake

Libya’s sovereign wealth fund is eyeing a stake in the troubled oil giant BP, according to reports.

Google buys ITA for $700 million

AkzoNobel to sell National Starch business for $1.3 billion

AkzoNobel has announced the sale of its National Starch business to Corn Products International for $1.3 billion in cash.