Business

Mining giant BHP Billiton will sell its US shale assets after pressure from shareholders to offload the underperforming business.

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.

Royal Dutch Shell has lifted a cargo of 600,000 barrels of crude oil from Libya's Zueitina port, its first from the war-torn north African country in 5 years, two industry sources told Reuters on Saturday.

Egypt's first bitcoin exchange will go live later this month, the founders of Bitcoin Egypt said, linking the Middle East's most populous country with a cryptocurrency that has surged in value in recent months.

The richest man in Africa, Aliko Dangote who also supports English Football club, Arsenal has announced that he is planning on buying the club and his first decision would be to sack the current manager, Arsene Wenger.

Ghanaian fruits and vegetable farmers are feeling the impact of a current ban on the export of their products into European markets.

Egypt has resolved to invest on a $255 million electric train project that will run to the country’s planned new administrative capital.

Tanzanian officials have put off a meeting intended to iron out outstanding trade disputes with Kenya amid concerns Dar es Salaam was maintaining a hardline stance in the spat.

Alhaji Aliko Dangote, the President of Dangote Group, on Monday said the company would invest $450 million in agriculture in Niger State over the next three years.