Nigerian air force attacks rebel camps
Nigerian jets and attack helicopters have struck Islamist rebel camps in a game reserve in the volatile northeast of the country, the military said on Friday. The offensive followed President…
Tiny Rowland’s maverick empire quietly vanishes
©Reuters How the mighty are fallen. Lonrho, the global cars-to-crops empire built by maverick businessman Roland “Tiny” Rowland into one of the most prominent public companies of the last century,…
Internet sales flourish in Nigeria
You need JavaScript active on your browser in order to see this video. Mary Enweasor, who runs a tiny shop selling drinks and snacks in Nigeria’s biggest city, had saved…
Lonmin hit by fresh strike
Shares in South African platinum miner Lonmin fell more than 7 per cent on Tuesday, after a wildcat strike halted work across the London-listed company’s operations. The strike appeared to…
South African platinum output at 11-year low
South Africa’s platinum mining industry suffered its lowest output levels in 11 years as large scale labour unrest disrupted production. Platinum shipments by South African producers fell by 16 per…
Lonmin shows signs of recovery
Lonmin offered evidence that it had recovered from the upheaval caused by wildcat strikes in South Africa last summer as the world’s third-largest platinum producer reported a tripling of interim…
Amplats scales back SA restructuring
Anglo American Platinum, the world’s biggest producer of the precious metal, said on Friday it had scaled back its radical plans to restructure its South African operations after its original…
Nigeria signs up MasterCard for ID cards
Credit card group is rolling out a pilot scheme to launch ID cards, such as the example above, that double as epayment cards MasterCard is teaming up with the Nigerian…
AngloGold finance director becomes chief
AngloGold Ashanti, the world’s third-biggest gold producer by volumes, has promoted its finance director to chief executive to replace Mark Cutifani, who left the group last month to replace Cynthia…
Official says Somalia needs help on debt
International donors must act quickly to help Somalia settle foreign debt arrears and unblock further reconstruction aid if the Mogadishu government is to extend authority over the war torn state,…
South Africa: New power generation
©Reuters Clearer skies: A child looks out over an electricity tower in Khayelitsha township near Cape Town The deepwater Port of Ngqura, on an industrial part of South Africa’s southeastern…
Heritage Oil defends Nigerian investment
Heritage Oil insisted that its $850m investment in a batch of Nigerian oilfields remained well positioned to reap dividends in spite of output falls caused by strike action and equipment…
Orascom settles Egyptian tax dispute
Orascom Construction Industries, Egypt’s biggest listed company by market capitalisation, has reached a settlement with the Egyptian authorities over a controversial tax claim arising out of the sale of its…
Suitors in bidding war for Maroc Telecom
Leading state telecoms companies from Abu Dhabi and Qatar are bidding head-to-head for Maroc Telecom, in a welcome lift to a high-profile sector where Gulf multinationals had suffered a series…
Banks to swap debt for Irish media stake
A consortium of banks has agreed to write off €138m of debt owed by Independent News & Media in a financial restructuring that would give the lenders a sizeable stake…