NewsWest Africa

Thu,23Nov2017

West Africa

Tullow shares rise on Ghana, Ivory Coast ocean boundary ruling

A man walk past Ghanaian flags flying at the independence square in Accra, June 8, 2015. Photo:Sunday Alamba/AP/SIPAShares in Tullow Oil Plc rose more than 8% on Monday after the Africa-focused oil explorer said it expects to resume drilling at its multi-billion dollar TEN deepwater oil and gas project after a court ruling favoured Ghana in an ocean border dispute with Ivory Coast.

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Ghana, Equatorial Guinea presidents to sign LNG deal

Ghana President Nana Akufo-Addo speaks during his inauguration ceremony in Accra, Ghana, Jan. 7, 2017. Photo: AP/SIPAGhana's President Nana Akufo-Addo plans to sign an agreement to import liquefied natural gas (LNG) from Equatorial Guinea during his three-day visit to the Gulf of Guinea petroleum producer due to begin on Monday, his office said.

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Informal economy not enough to handle Africa's workforce explosion

Students leave school at the end of the day in a suburb of Johannesburg, South Africa, April, 2014. Photo: Denis Farrell/AP/SIPAUnemployment in Nigeria, sub-Saharan Africa's largest economy, is running at more than 14% and climbing; in South Africa, the second largest economy, it is over 27%. For youth in both places, it is far more.

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Locked Up and Forgotten

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Death row inmates at Ghana's Nsawam Prison languish in grim conditions as Amnesty International calls on the country's new government to abolish the death penalty

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Nigeria's state oil company signs deals with Chevron, Shell

In this May 15, 2017 photo, motorists pass a Chevron sign listing gas prices, in Miami Springs, Florida. Photo:Alan Diaz/AP/SIPANigeria's state oil company said on Thursday it had signed financing agreements with Chevron and Shell worth at least $780 million to boost crude production and reserves.

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Diamond Bank to sell Francophone operations

Diamond Bank is to sell its subsidiary in Francophone Africa, Diamond Bank Benin, to Ivorian insurance group NSIA.Nigeria's Diamond Bank is to sell its only subsidiary in Francophone Africa, Diamond Bank Benin, to Ivorian insurance group NSIA, according to Jeune Afrique Business+, the business news platform of Jeune Afrique Media Group.

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