South Africa is considering selling its stake in landline provider Telkom to fund a 10 billion rand ($757 million) bailout of South African Airways (SAA), a Treasury spokesman said on Wednesday.
Dangote Group of Companies has signed a $450 million Memorandum of Understanding (MoU) with Niger State government to develop an integrated sugar industry in Lavun.
Mozambique's government plans to set up a sovereign investment fund where taxes paid on sales of the country's minerals will be used to finance development projects, state-run AIM news agency said on Monday quoting the finance minister.
South African President Jacob Zuma on Monday signed in to law the Financial Sector Regulation Act, know as "Twin Peaks", which will establish a prudential regulator and a separate, dedicated market conduct regulator.
French oil giant Total said Monday that it would buy Maersk Oil, a unit of Danish shipping giant A.P. Moller-Maersk, for $7.45 billion (6.35 billion euros).
Libya's Sharara oilfield, the country's largest, has been shut down since Saturday because of a pipeline blockade, industry sources and an engineer said.
