NewsCentral Africa

Wed,24May2017

Central Africa

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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AU elects Dlamini-Zuma's successor

Nkosazana Clarice Dlamini-Zuma, African Union Commission Chairperson. Photo©Salvatore Di Nolfi/AP/SIPAAfrican leaders are set to elect the next chairperson of the African Union Commission during their meeting in Kigali, Rwanda from July 10 to 18.

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Tasks for CAR's new President

Faustin-Archange Touadéra. Photo©Alessandro Bianchi/AP/SIPAFaustin-Archange Touadéra, the new president of Central African Republic has to deal with rebel fighters and his new allies.

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Naspers freezes African pay-TV prices as customers feel cash crunch

Photo©Sayyid Azim/AP/SIPAAfrica's largest provider of pay-television services Naspers has kept prices on the continent unchanged to halt a decline in subscriber numbers, its chief executive said on Monday.

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African markets prepare for Brexit turbulence

File photo©AP/SIPAAfrican currencies, markets and political unions are readying themselves for turmoil after Britain's vote to leave the European Union (EU) sent shockwaves through global financial markets and cast doubts on one of the most ambitious political projects in modern history.

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Investment: Brexit triggers gold rush

Photo©ReutersGold soared as much as 8 percent to its highest in more than two years on Friday after Britain delivered a shock vote to leave the European Union, leaving investors to scurry for protection in the precious metal and other assets perceived as less risky.

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