NewsCentral Africa

Sun,22Jan2017

Central Africa

How Nigeria's top tycoons made their fortunes

Between the politicians and the rich, there is considerable overlap. Running a political campaign is extraordinarily expensive in Nigeria, and many a senator is heard complaining, in private, about how much money is needed to buy a seat.

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Restoring the economy's ability to deliver prosperity

Mukhisa Kituyi, Mukhisa Kituyi, UNCTAD Secretary General. Photo©Salvatore Di Nolfi/AP/SIPAIn the developing world, significant headwinds now cloud growth prospects, threatening to undo hard fought development gains. The Sustainable Development Goals (SDGs) must become the yardstick for judging inclusive growth.

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DRC to repay VAT to mining companies

The KCD open pit gold mine at the Kibali mining site in northeast Democratic Republic of Congo. Photo© REUTERS/Pete JonesDemocratic Republic of Congo will pay some $700 million in value-added tax reimbursements owed to mining companies and suspend VAT on their imports, the finance minister said on Friday.

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Energy: Cameroon's $1 billion hydroelectric dam expected by 2020

File Photo©Charlie Riedel/AP/SIPAA $1 billion hydroelectric dam planned for Cameroon's Nachtigal River will be ready by 2020, adding over 30 percent to the country's hydropower capacity, the minister of water and energy said on Thursday.

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Brexit: Stocks singed, bonds surge, fears flare

File photo©Reuters/Toru HanaiFile photo©Reuters/Toru HanaiAsian share markets turned tail on Wednesday as fears over instability in the European Union returned with a vengeance, sending the pound to three-decade lows and hammering risky assets of all stripes.

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Tullow shares nosedive in convertible bonds move

File photo©Reuters/Edgar SuAfrica-focused oil explorer Tullow Oil has issued convertible bonds worth $300 million, a move it said was designed to diversify its investor base, sending its shares to the lowest in nearly three months.

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