Business

Wed,22Nov2017

Business

Tullow says makes oil discovery in Kenyan well

Petrol Stations in Nairobi display new prices for a litre of petrol, Nov. 2, 2004. Photo: SAYYID AZIM/AP/SIPAAfrica-focused oil company Tullow Oil Plc said it encountered 75 metres of net oil pay in two zones at an exploration well in Northern Kenya.

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Archaeologists seek to promote tourism in Africa's old Islamic sites

A woman tends to the family's sheep in their  home next to Djingareyber Mosque, a UNESCO World Heritage site, in Timbuktu, Mali. Photo: Rebecca Blackwell/AP/SIPAA group of archaeological experts met in Bahrain to discuss how to use their research on Africa's archaeology to help promote the continent's old Islamic sites.

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S.Africa's central bank governor says raising rates won't lure investment

Lesetja Kganyago speaks to the media about a G-24 meeting, April 14, 2011, in Washington. Photo: Jacquelyn Martin/AP/SIPASouth Africa's central bank governor Lesetja Kganyago said on Tuesday that raising lending rates would do little to attract new investments to the country after its credit rating was downgraded to junk.

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Chinalco proposes taking entire Guinea Simandou iron ore mine

A crane drops iron ore imported from Australia at a port in Rizhao, in east China's Shandong province, March 19, 2010. Photo: AP/SIPAChinalco has asked Guinea to let it take over the whole of the troubled Simandou iron ore mine project, sources familiar with the matter say, as Beijing pursues a global strategy to secure key resources for its vast economy for decades to come.

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Kenya developers fit homes and buildings with solar technology

In this photo taken June 30, 2016, a Ugandan casual worker levels the ground at a solar plant in Soroti, Uganda. Photo: Stephen Wandera/AP/SIPAWith an aim to promote clean energy and reduce electricity costs, Kenya is one of the countries leading Africa's push toward solar energy.

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South Africa's Eskom says Molefe reinstated as chief executive

In this photo taken March 10, 2015 electricity pylons cross the skyline of Johannesburg city, background. Photo: Themba Hadebe/AP/SIPAEskom's former chief executive Brian Molefe will return to his job next week, the South African power utility said on Friday, about five months since he stepped down after being implicated in a report by the anti-graft watchdog into alleged influence-peddling.

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Protesters disrupt platinum producer Lonmin's operations in South Africa

Razor wire set up outside the entrance to the Lonmin's platinum mine is seen in Marikana near Rustenburg, South Africa, Jan. 23, 2014. Photo: Themba Hadebe/AP/SIPAPlatinum producer Lonmin said on Thursday community protesters demanding 1,000 jobs were disrupting output, damaging property and intimidating employees around its Marikana and other operations in South Africa.

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