Africa's biggest telecommunications company is locked in a nasty battle in powerful Nigeria, with billions of U.S. dollars at stake.
Nigeria will start selling and buying oil and gasoline directly to cut out middlemen and curb graft, the new managers of the Nigerian National Petroleum Corp. announced Tuesday night.
Nigeria looks set to unbundle a long-awaited oil law to speed up its passage through parliament, potentially unlocking billions of dollars in frozen investments.
The International Monetary Fund (IMF) is pressing Nigeria to further devalue its naira currency amid uncertainty over the political and economic outlook for Africa's biggest oil producer and economy.
Egypt's central bank weakened the value of the Egyptian pound against the U.S. dollar Sunday for the second time in a week.
Tunisia's tourism-dependent economy, badly affected by two deadly jihadist attacks on foreign tourists this year, has been helped along by olive oil and date exports, the finance minister said Friday.
Egypt signed a contract Saturday to buy two Mistral warships, whose sale to Russia Paris canceled because of the Ukraine crisis, a delegation member with the visiting French prime minister said.
The rapid spread of cellphones across Sub-Saharan Africa is transforming the region, but record levels of growth are due to slow sharply, an industry report said this week.
Mired in civil war for 21 months, its oil-based economy in tatters, South Sudan is an unlikely source of upmarket coffee capsules for European consumers.
Nigeria's oil firm NNPC said Sunday it had signed a deal with a consortium of local and foreign lenders to develop 36 oil wells that would also boost domestic power generation in Africa's largest crude producer.