Business

Thu,05Mar2015

Business

Security: Force majeure declared on 11 Libyan oilfields

File photo©ReutersLibya has declared force majeure on 11 of its oilfields due to the deteriorating security situation after several oil installations and ports were targeted by attacks, the state-run National Oil Corporation said in a statement on its website on Wednesday.

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Ghana gives incentives to cocoa farmers to boost yields

Photo©ReutersGhana has moved to shore up cocoa production by providing various incentives to old farmers and youths, President John Mahama has said.

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Morocco: CGI's house of cards crumbles

CGI’s Rabat headquarters were a scene of drama on 16 October when police burst in to arrest managing director Ali Ghannam. Photo©Hassan Ouazzani for JAThe company's stock is being removed from the market, and two top managers have lost their jobs in the scandal of the Madinat Badès real estate project.

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Africa's electronic transactions grow as card services join mobile market

Photo©ReutersElectronic payment service companies, Visa and MasterCard have launched card services aimed at Africa's growing mobile payment industry.

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Egypt: Cabinet approves investment law

Egyptian Prime Minister Ibrahim Mehleb. Photo©ReutersEgypt's cabinet approved a long-awaited draft law on investment on Wednesday, the prime minister said, aimed at making deals less vulnerable to legal disputes or changes in government, and reducing stifling bureaucracy.

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Ethiopia: Allana seeks partner to produce premium potash

Potash. File Photo©ReutersCanada's Allana Potash Corp said on Tuesday it will talk with Norwegian fertilizer producer Yara International and three other companies about sharing costs and output in its plan to produce premium fertilizer in Ethiopia.

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Mining: China's Shandong seeks control of Sierra Leone iron ore project

File photo©ReutersAfrican Minerals said China's Shandong, its partner in the Tonkolili iron ore mine in Sierra Leone, is seeking control of the whole project, after taking on some of African Minerals' debt from banks and demanding immediate repayment last week.

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