Kenyan authorities have accepted a decision by the China National Offshore Oil Corporation (CNOOC) to drop four major oil exploratory blocks in the east African nation, saying this would enable the Chinese firm to undertake "more aggressive exploration."
The Angolan government has reviewed down the growth rate of its Gross Domestic Product (GDP), due to slow development in its oil sector, an official source indicated here.
The value of imports by Mali in 2006 reached 951.6 billion FCFA as against exports estimated at 587.5 billion FCFA thus leaving a trade deficit of over 364 billion FCFA, according to figures published here Thursday by the committee for the validation of external trade statistics.
The shares of Guaranty Trust Bank Plc, one of Nigeria's leading banks, will be listed on the London Stock Exchange Thursday through the Global Depository Receipts (GDR) listing, the bank said in a statement here Wednesday.
Guinean minister of economy, finance and planning, Ousmane Dore has disclosed that the country will invest US$36 billion in the next three years in the mining sector.
Mauritania is committed to ensuring all necessary measures to promote direct foreign investments (DFI), estimated at US$141 million in 2006, holding the country back at the 148th rank globally, an official source told PANA.
Three British multinationals and their subsidiaries have been dropped from the Nairobi Stock Exchange (NSE) list of most profitable firms for failing to meet trading benchmarks, the bourse chairman, Jimnah Mbaru, announced here Friday.
The 13th Nigerian Economic Summit (NES) has been slated for 5-7 September in the nation's capital, Abuja, with the theme "Nigeria - Positioning for the 20 top League," the NES Group (NESG) has announced in a statement here.
Irish low-cost airline Ryanair has decided to operate flights from the southern French city of Marseille to Marrakech and Fes, in southern and eastern Morocco respectively, from 30 October, a reliable source told PANA here Friday.
A two-day forum intended to enlist support from the international community for the economic programme of Guinea Prime Minister Lansana Kouyate will Tuesday open in Paris, the World Bank office affirmed Friday.
Basic commodities, especially food, have disappeared from shops in Zimbabwe as the government pushes ahead with controversial price controls retailers say were nonviable and driving them out of business.
