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Latest African business news, latest breaking news from Africa.
Nigerian parliament opens inquiry into long-disputed Shell, Eni oil field
Nigerian President Buhari. Nigeria's lower house opened an investigation on Tuesday into an offshore oil field owned by Royal Dutch Shell and Eni, the latest...
Trump picks Exxon chief Tillerson as secretary of state
ExxonMobil Chairman and CEO Rex Tillerson. Photo Credit: Reuters President-elect Donald Trump announced Exxon Mobil Corp's Rex Tillerson as his choice for secretary of state...
Cuba signs deal for faster internet access to Google content
Most Cubans can only access the internet from public wi-fi hotspots. Photo Credit: APCuba's state-run telecommunications company Etecsa has signed a deal with Google...
Oil surges after output cuts, strong dollar weighs
A gas station attendant pumps fuel into a customer's car at PetroChina's petrol station in Beijing, China. Photo Credit: Reuters Oil prices jumped to their...
Zimbabwe: Finance minister projects better growth rate in 2017
Zimbabwe finance minister Patrick Chinamasa has presented the country’s 2017 budget before parliament.The budget stands at about 4.1 billion dollars.During the presentation the finance...
Thousands of Kenyan single mothers, widows use mobile money to escape poverty
Almost 200,000 Kenyan households, many headed by poor, rural women, have lifted themselves out of poverty using mobile money services, experts said on Thursday,...
OPEC oil output hits record high
OPEC's oil output set another record high in November ahead of a deal to cut production, a Reuters survey found on Monday, helped by...
Nigeria, Morocco to Build gas pipeline link
Nigeria and Morocco have signed a joint venture to construct a gas pipeline that will connect the two nations as well as some other...
Nigeria to complete sale of Eurobond by end of first quarter of 2017
Nigeria hopes to conclude the sale of a $1 billion Eurobond by the end of the first quarter of 2017.According to vice President Yemi...
Samsung Electronics considers structural split as investor pressure builds
Photo Credit: Reuters South Korea's Samsung Electronics Co Ltd said on Tuesday it will increase dividends and consider splitting itself, as the tech giant faces...
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