Keyword: Africa

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Ghana Hopes to Shield Economy from African Oil Curse

21.05.2013 - Oil brought riches to Nigeria but also ravaged its economy and fuelled corruption and conflict. Now nearby Ghana has begun production and wants to take the wealth but dodge the oil...

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Songwon Appoints Sun Ace as Distributor for the Sub-Saharan Africa Region

15.04.2013 - As per April 15, 2013 Songwon Industrial Group has appointed Sun Ace of South Africa based in Johannesburg, South Africa, as their new exclusive distributor for the Sub-Saharan...

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Statoil Plans East Africa LNG Plant After Tanzania Gas Find

19.03.2013 - Statoil and Britain's BG Group plan to build a $10 billion East African liquefied natural gas (LNG) terminal well placed for exports to Asia, after the Norwegian company made a new...

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Nigerian Offshore Attacks Surge as Pirates Advance

21.02.2013 - A spike in piracy off Nigeria's oil-rich coast has shown gangs are willing to venture further afield and use more violent tactics, increasing the risk of doing business in Africa's...

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Drugmakers Eye Africa's Middle Classes as Next Growth Market

12.02.2013 - For pharmaceutical companies, Africa is changing. Not only is the continent's economic growth grabbing attention in boardrooms but the shifting nature of its disease burden is...

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Majors Court Kingpin Eni on Mozambique Gas Bonanza

11.12.2012 - A year after Eni announced the largest discovery in its exploration history, a giant gas find in Mozambique, rival oil companies are falling over each other to get a piece of the...

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Cipla to Bid $215 Million for Control of South Africa Affiliate

21.11.2012 - Indian drugmaker Cipla plans to offer $215 million for a majority stake in South Africa's Cipla Medpro to strengthen its presence in Africa's fast-growing market for cheap, generic...

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Total Sells $2.5 Billion Nigeria Oil Field Stake to Sinopec

19.11.2012 - Total is selling a 20% stake in a Nigerian offshore oil field to China's Sinopec in a $2.5 billion deal which will help the French oil group fund its ambitious exploration plans...