NewsWest Africa

Sat,18Nov2017

West Africa

Chad hires Rothschild to advise on $1 bln Glencore debt - sources

 In this April 14, 2011 file picture the Glencore headquarters in Baar, Switzerland is photographed. Photo: Urs Flueeler/AP/SIPAChad has hired Rothschild & Co to advise it on restructuring its external debt, namely a more than $1 billion loan from oil trader Glencore, four sources familiar with the matter said.

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West African leaders plan shared currency by 2020

Nigerian President Buhari speaks at U.N. headquarters, Sept. 19, 2017. He has urged caution against a shared currency. Photo: Mary Altaffer/AP/SIPAA group of four West African presidents said on Tuesday they planned steps to accelerate the creation of a shared currency for the 15-country ECOWAS bloc by 2020, according to a joint statement.

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Nigeria's NNPC says oil access is "not limitless" for fuel swaps

 In this Nov. 19, 2012 photo, a petrol attendant fills a car at a petrol station in Lagos, Nigeria. As of 24/10/17, the NNPC organisation is focused on ensuring that the country stays wet. Photo: Sunday Alamba/AP/SIPANigerian energy company NNPC is relying heavily on swapping its crude for products such as gasoline as its refineries struggle to run, but an official at the state firm said its access to oil is limited.

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African rulers' weapon against web-based dissent: the off switch

Management student Ndeye Mane Toure, uses an internet meeting site at a cyber cafe in Dakar, Senegal,  2006. Photo: REBECCA BLACKWELL/AP/SIPALong-standing African rulers fearful of popular protest and the use of social media to spread information are using various methods to shut down the internet to overcome their tech-savvy opponents, in a growing threat to democracy and economic activity in some of the world's poorest countries.

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Gabon proposes 2018 budget increase despite ongoing oil slump

President Ali Bongo Ondimba of Gabon addresses the UN General Assembly, at U.N. headquarters, Sept. 21, 2017. Photo: Richard Drew/AP/SIPAGabon's government has proposed an 8 percent budget increase for 2018, although parliament could insist on a reduction as low crude prices continue to batter its oil-dependent economy.

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Liberia's former football star takes an early electoral lead

rsz sipa ap22116685 000002Arsene Wenger, the manager of Premier League club Arsenal, was the victim of fake news on Thursday morning. "I would like to congratulate one of my former players, who became president of Liberia, George Weah," Wenger said at a press conference.

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