Nigeria's external debts have increased from US$3.29 billion to US$3.35 billion, due largely to the fall in the value of the US dollar against other currencies
A big gain by Standard Chartered Bank, the second best performer at the Ghana Stock Exchange (GSE), pushed the bourse up by 29.13 points, one of the biggest in recent times, as bank stocks continued their impressive run.
Toronto (Canada) and Johannesburg (South Africa) stock exchanges- listed Teal Exploration and Mining reported Friday that its Otjikoto gold project in Namibia is much more richer than expected saying resources at its operation had increased by 35 percent to 1.76 million ounces.
Demand for the US dollar soared this week at the two dutch auctions of foreign exchange conducted by the Central Bank of Nigeria (CBN), with US$343 million sold at the auctions, against US$168 million traded last week.
The board of directors of the World Bank late Thursday endorsed new Country Assistance Strategy (CAS) for Mauritania for 2008-2011, the institution says in a statement issued here Friday.
Ghana signed an agreement with a US company on Friday to use a barge to generate power in order to end a crippling electricity crisis due to a sharp drop in water levels at Akosombo hydro-electric dam that normally supplied over 40% of power needs in Ghana.
Kenya's state-owned National Oil Corporation (NOCK) Thursday sealed a purchase deal with Anglo-Dutch firm, Shell Petroleum Company, for a 10 percent stake in the company's oil distribution business, officials said.
