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May, 1, 2016

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Business > Africa
U.S. Commerce Secretary Penny Pritzker and a slew of American business executives are meeting in Nigeria to encourage trade they say will create jobs on both continents.
 
A U.S. cruise line on Tuesday re-established port calls to its fenced-in site and beach attraction in northern Haiti after suspending visits just over a week ago following a peaceful protest by area residents.
 
Tackling poverty, unemployment in Nigeria with tomatoes
It's a situation that mirrors the giant oil industry, where Nigeria has abundant resources but has lacked the capacity, will or ability to exploit it, forcing a reliance on imports.
 
Nigerian oil minister Emmanuel Ibe Kachikwu said Tuesday that he expects an extraordinary meeting of the OPEC oil cartel in "early March" to address nosediving crude prices.
 
South Africa and the United States have agreed on health and safety standards of U.S. meat exports, Pretoria announced Thursday, ending a deadlock that put at risk a key preferential trade arrangement.
 
Mogadishu sees housing boom after decades of war
Somalia's elegant colonial villas were left in ruins by two decades of street fighting among warlords, and the seaside capital Mogadishu was dubbed the most dangerous city in the world.
 
Morocco postponed without explanation the inauguration of Noor-1, a solar power plant due to open Sunday in Ouarzazate, part of what will eventually be the world's largest solar power production facility.
 
Zimbabwe loosened Thursday the terms of a controversial law that forces foreign companies to cede a majority stake to local investors, signaling an attempt to shore up the country's moribund economy.
 
Nigerian President Muhammadu Buhari unveiled Tuesday a budget that triples investment spending in a bid to stimulate growth and lower the dependence of Africa's largest economy on oil.
 
South Africa's newly reappointed finance minister on Monday ordered state-owned airline SAA to conclude a deal with Airbus to lease five A330 wide-body planes, after weeks of turbulence at the troubled carrier.
 
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