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Nigeria needs investment to increase its renewable energy output

Energy remains one of the main constraints for economic growth in Nigeria. The lack of reliable access and irregular power supply is a persistent problem affecting businesses across the country. It also discourages foreign investors...

By Ademola Adenle

Nigeria minister sees emergency OPEC meeting in March

Nigerian oil minister Emmanuel Ibe Kachikwu said on Tuesday, 12 January, that he expects an extraordinary meeting of the OPEC oil cartel in "early March" to address nosediving crude prices...

Nigeria LNG exports reach USD85bn in 15 years

Nigeria Liquefied Natural Gas Company Limited (NLNG), a joint venture between the government and foreign oil majors, has generated some $85bn from exports since its inception 15 years ago, the company announced late Friday, 19 June...

Erin Energy commences production at Nigerian oil well

Erin Energy Corporation, an oil and gas exploration and production company, announced on Thursday, 18 June 2015, it had commenced production from the Oyo-7 well in Nigeria...

Lighting up Nigeria, a crucial challenge for new president

Ileowo Kikiowo owns a small media company in Nigeria's frenetic, financial hub of Lagos and like any business around the world, it depends on electricity to stay afloat...

Shell declares force majeure on Nigeria crude exports because of leaks

Anglo-Dutch oil giant Shell has halted crude exports from a key terminal in southern Nigeria because of a leak in a supply pipeline, a spokesman said on Thursday, 7 May...

Nigeria's state oil firm needs complete overhaul, audit says

A government-ordered audit into Nigeria's powerful state oil company found that it needs to be completely and urgently overhauled, after corruption scandals and suspect spending have tarnished its reputation...

Could Africa become like China?

Africa's changing demographic over the next three-and-a-half decades could transform the continent into the next China, but only if its youthful population is educated and entrepreneurial.

By Jana Marais

Postive results likely from US-Africa summit says Davies

South Africa and Africa in general benefitted immensely from the recent US-Africa Leaders' Summit held in Washington last week, Trade and Industry Minister Rob Davies said on his return.

Africa must look for partnerships

Africa needs to form partnerships with the developed nations in order to realise the continent's goal to industrialise, International Relations and Cooperation Minister Maite Nkoana-Mashabane said .

By Chris Bathembu

Sanlam looking to invest in Africa, South-East Asia

Sanlam says it has R3bn in discretionary capital that is earmarked for growth opportunities mainly in Africa and South-East Asia.

By Phakamisa Ndzamela

Nigeria announces gas export landmark

LAGOS: Africa's largest oil producer Nigeria on Tuesday, 7 January 2014, exported its milestone 3,000th liquefied natural gas cargo since it began operations in 1999, Nigeria LNG Limited (NLNG) said.

Zimbabwe takes heart from Antwerp trial sale of gems

Zimbabwe is planning a second auction of its Marange diamonds next February‚ buoyed by the interest in and sale of more than 279‚000 carats of diamonds in Antwerp‚ Belgium. The sale raked in US$10.7m.

By Ray Ndlovu

Barloworld plans Africa expansion

Barloworld is targeting six sectors to boost the growth of its business and is busy positioning itself "o expand into west and east Africa‚ according to company chief executive Clive Thomson.

By Nick Hedley

Zuma calls for increased trade between SA, DRC

President Jacob Zuma says South Africa and the Democratic Republic of Congo (DRC) must explore ways to stimulate trade and investment between the two countries.

Bowman Gilfillan to increase of offices in Africa

South African law firm Bowman Gilfillan‚ which established an office in Botswana in October‚ is moving quickly to implement a medium-term strategy to have between 8 and 12 offices across Africa.

By Evan Pickworth

SA among slowest growing African economies

Growth in SA will continue to lag that of other African countries‚ with the latest African Development Bank African Economic Outlook report released on Wednesday (7 August) listing the country among the 10 that will record the slowest growth this year.

Africa is a target for Citibank

Citibank is expecting to grow revenue in Africa as it sees opportunities in increased trade and investment‚ urbanisation and digitisation.

By Gillian Jones

Kumba holds up well after strikes

Kumba Iron Ore held up well during the first six months of 2013 against deteriorating market conditions and the lingering effects of 2012's strike and has maintained its profit levels as well as increased the interim dividend.

By Brendan Ryan

Senegal "better than SA" in mining terms

Despite its drawbacks, Africa is the world's best region for finding viable new gold mines, with Senegal being the most highly rated destination while SA is far less attractive, says Randgold Resources chief executive Mark Bristow.

By Brendan Ryan

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