Africa's number three oil producer Equatorial Guinea has held "fruitful" discussions and expects a decision soon on an offer to join the Organisation of the Petroleum Exporting Countries (OPEC), the country's energy minister told Reuters on Wednesday.
Africa Finance Corp (AFC) said it issued a three-year $150 million sukuk, becoming the first African government-backed entity to sell an Islamic bond.
Egypt is committed to repaying the $3.5bn it owes in arrears to foreign oil companies but a foreign currency shortage has made the drawing down of those debts more difficult, petroleum minister Tarek El Molla said on Tuesday.
Tanzania hopes to reach an agreement with international oil companies in 2018 paving the way for the construction of a liquefied natural gas (LNG) plant, part of a bigger plan for a new export terminal, a senior official said on Tuesday.
Nigeria must not scare away MTN, its minister of communications said, as lawmakers investigate alleged illegal money transfers just three months after the government fined Africa's biggest telecoms firm over $1 billion.
Anheuser-Busch InBev, the world's largest brewer, has offered more than 1,000 employees in South Africa voluntary severance following its merger with SABMiller, the Business Day newspaper reported on Monday, citing an internal memo.
Ghana's new government plans to review its $918 million programme with the International Monetary Fund because it may need more money for its spending plans, a minister-designate said on Friday.
- South Africa economy poised for growth, stable repo rate in 2017
- Zimbabwe tax agency says misses 2016 revenue target due to weak economy
- Dangote, China's Sinotruck set up $100 mln truck plant in Nigeria
- Nigeria's efforts to secure international loans hit deadlock
- Kenya's Lake Turkana wind power scheme readying for production by July
- South Africa carmakers see sales growth in 2017 after years of decline
- Tanzania seeks $200m World Bank loan to clear arrears of state utility