29.07.2010

Reliance, Essar Eye BP's Africa Retail Operations

BP is in talks with India's Reliance Industries and Essar Group to sell its African retail assets that could be worth as much as $500 million, four sources with direct knowledge of the matter told Reuters on Wednesday. It was not immediately known whether BP was showing the African assets to other potential buyers. BP plans to sell $30 billion of assets over the next 18 months to cover costs related to the worst oil spill in U.S. history. more12.04.2010

Brain Drain, Low Investment Hamper African Science

Africa's contribution to the global body of scientific research is very small and does little to benefit its own populations, according to a report from Thomson Reuters released on Monday. Like India and China, Africa suffers from a "hemorrhage of talent," the report said, with many of its best brains leaving to study abroad and failing to return. more