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Shell threatens to shut down Nigeria operations over rising oil theft

With oil theft and sabotage leading to lost production and costing Nigeria some US$6 billion annually, the Managing Director of the Nigerian subsidiary of Anglo

Depositors of failed banks in Nigeria receive 90 billion Naira

Depositors of 48 "failed" banks in Nigeria have received the sum of 90.13 billion Naira (about US$ 600 million) from the Nigerian Deposit Insurance Corporation (NDIC),

Mali to build gold-exploiting plant in Nampala

Malian Minister of Mining, Amadou Baba Sy, on Wednesday laid the foundation

AfDB Chief due in Lome this weekend

The President of the African Development Bank (AfDB), Donald Kaberuka, is expected in Lome this weekend for a working visit, during which he will open the bank's office

Inflation rises to 4.45% in February over higher food prices in Kenya

Kenya's annual inflation rose to 4.45% in February from 3.67% in January, mainly due to the rise in local food prices and the cost of housing, the Kenyan National 

Nigeria gets US$ 300 million AfDB loan

The Board of Directors of the African Development Bank (AfDB) Group has approved the US$ 300 million loan agreement made with the Nigerian government,

Kenyan govt signs guarantees to support wind power project

Kenyan government officials on Thursday signed letters of intent to support a wind power project, a key guarantee required by private investors willing to construct

NCC sanctions telecoms operators in Nigeria over ban on promotions, lotteries

The Nigerian Communications Commission (NCC) the independent National Regulatory Authority for the telecommunications industry, has imposed a fine of 22 million

AfDB unveils US$ 200 million package for African trade

The African Development Bank (AfDB) Tuesday unveiled its ''Trade Finance package'', to the tune of US$ 200 million, which will support Ecobank Transnational

Nigerian President Jonathan signs 2013 budget into law

Nigeria’s President Goodluck Jonathan on Tuesday signed the controversial 2013 appropriation bill into law at a closed door 

Fuel shortage hits the Gambia

A crippling fuel shortage has hit the tiny West African State of The Gambia since Monday

SA’s economy grows 2.5% in 2012

Ahead of Finance Minister Pravin Gordhan’s Budget Speech later Wednesday, the South African government has revealed that the country's economy posted a moderate
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