Business

Fri,16Nov2018

Business

Equatorial Guinea's energy sector gets $2.4 bln boost: ministry source

 Equatorial Guinea's President Teodoro Obiang Nguema Mbasogo waits to address the 73rd session of the United Nations General Assembly, at U.N. headquarters, Thursday, Sept. 27, 2018. Richard Drew/AP/SIPAEquatorial Guinea's energy industry has secured $2.4 billion of new investment from U.S. firms with 11 wells expected to be drilled from next year, an oil ministry source with direct knowledge told Reuters on Monday.

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Australia's Invictus says it has not found oil and gas deposits in Zimbabwe

Zimbabwean President Emmerson Mnangagwa addresses the media at his offices in Harare, Wednesday, Aug, 29, 2018. Photo: Tsvangirayi Mukwazhi/AP/SIPAAustralian-listed Invictus Energy said on Friday it had not found oil and gas deposits in northern Zimbabwe but there were indications of a "working petroleum system" which could only be confirmed by a planned exploration well.

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South Africa's white farmers seek role in land reform as economic pressure grows

 
 

Workers herd sheep on a farm near Durbanville on the outskirts of Cape Town, South Africa, Thursday, July 12, 2012. Photo: AP Photo/Schalk van Zuydam  Over 10 years ago, Sabie Tsuke and 15 other investors achieved a dream that few black South Africans get to experience -- owning farming land.

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Gold miner Sibanye's profit plunges after fatal accidents hit output

In this photo taken Wednesday, May 18, 2016 a closed mine shaft in Welkom, South Africa. Photo: Themba Hadebe/AP/SIPASouth African miner Sibanye-Stillwater's core profit plunged 40 percent in the third quarter, it said on Thursday, after production at its domestic gold mining operations was hit by incidents that have caused 24 deaths this year.

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World Bank approves $1.2 bln in grants, loans to Ethiopia

June 23, 2018:  Ethiopia's Prime Minister Abiy Ahmed waves to the crowd at a large rally in his support, in Meskel Square in the capital, Addis Ababa, Ethiopia. Photo: Mulugeta Ayene/AP/SIPAThe World Bank has approved $1.2 billion in grants and loans to Ethiopia.

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Seychelles raises $15 million with world's first blue bond

Undated image released by Wilderness Safaris on Tuesday May 10 2011 of North Island in the Seychelles, an archipelago in the Indian Ocean. Photo: AP/SIPA Seychelles has raised $15 million by offering the world's first blue bond, raised from investors to finance ocean-based projects, to expand its marine protected areas and boost its fisheries sector.

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South Africa's MTN says relying on courts to end Nigeria dispute

 Nov. 17, 2015, an MTN advertisement is seen on a giant electronic board over a slum in Lagos, Nigeria. Photo: Sunday Alamba/AP/SIPAMTN Group, Africa's biggest mobile operator, will keep engaging with Nigerian authorities to resolve a $10.1 billion dispute with the west African country, but is putting its faith in the courts to protect itself, its CEO said on Monday.

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