Business

Sat,16Dec2017

Business

Ghana opens talks with Exxon on deepwater drilling contract

 This April 25, 2017, photo, shows Exxon service station signs in Nashville, Tenn. Exxon Mobile Corp. Photo: Mark Humphrey/AP/SIPAGhana has opened talks with Exxon Mobil Corp to allow the U.S. oil firm to undertake deepwater exploration off its coast, a deputy energy minister said on Monday.

Read more...

South Africa strains pushes debt insurance costs to 4-month high

SA President Jacob Zuma delivers a speech at the BRICS Summit in Xiamen, Fujian province in China, Sept. 4, 2017. Photo:  Kenzaburo Fukuhara/AP/SIPAThe cost of insuring South African debt hit a four-month high on Monday, as scandal-plagued power firm Eskom warned it was in financial trouble and worries swirled about the country's remaining investment grade credit ratings.

Read more...

Government raises Kenya Airways stake in debt swap deal

Kenyan Airways pilots walk past a Kenya Airways plane,May 5, 2007 at Jomo Kenyatta airport in Nairobi. Photo:KAREL PRINSLOO/AP/SIPAThe Kenyan government and domestic lenders have agreed to convert more than $400 million of Kenya Airways' debt into equity, increasing the state's stake in the airline to almost 50 percent.

Read more...

Government raises Kenya Airways stake in debt swap deal

Kenyan Airways pilots walk past a Kenya Airways plane,May 5, 2007 at Jomo Kenyatta airport in Nairobi. Photo:KAREL PRINSLOO/AP/SIPAThe Kenyan government and domestic lenders have agreed to convert more than $400 million of Kenya Airways' debt into equity, increasing the state's stake in the airline to almost 50 percent.

Read more...

Tunisia's trade deficit rises to a record $5.28 billion

Tunisia's prime minister Youssef Chahed attends a press conference  at the Elyse Palace in Paris, France, Nov. 10, 2016. Photo: Francois Mori/AP/SIPATunisia's trade deficit widened by 23.5 percent year-on-year in the first 10 months of 2017 to 13.210 billion dinars ($5.28 billion), a record level, the State Statistics Institute said on Friday.

Read more...

Zimbabwe budget deficit widens sharply on runaway government spending

In this Aug. 10, 2015 photo Zimbabwean President Robert Mugabe delivers a speech in Harare. Photo: AP Photo/Tsvangirayi MukwazhiZimbabwe's budget deficit will soar to $1.82 billion or 11.2 percent of GDP this year from an initial target of $400 million, new Finance Minister Ignatius Chombo told parliament on Thursday.

Read more...

U.S. signs $524.7 million investment compact with Ivory Coast

Alassane Ouattara, President of the Ivory Coast, speaks during the United Nations General Assembly on Sept. 20, 2017. Photo: Seth Wenig/AP/SIPAThe Millennium Challenge Corporation, the U.S. government's main development fund, said on Tuesday it had signed a $524.7 million investment compact with Ivory Coast to build schools and improve roads around the busy port in the commercial capital Abidjan.

Read more...

Subscriptions Digital EditionSubscriptions PrintEdition

FRONTLINE

NEWS

POLITICS

HEALTH

SPORTS

BUSINESS

SOCIETY

TECHNOLOGY

COLUMNISTS

Music & Film

SOAPBOX

Newsletters

Keep up to date with the latest from our network :

subscribe2

Connect with us