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July, 27, 2016

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Business > Africa
As mining companies in resource-rich Africa bleed jobs due to plunging commodity prices, the ripple effect of redundancies has raised concern about social unrest amid declining economic growth.
 
Young people don't have many places to socialize in conservative Algeria. But now the North African's country's youth are discovering something their counterparts in the West embraced a generation ago: the shopping mall.
 
Natural gas power generation should be prioritized to help tackle South Africa's dire energy crisis that has hobbled growth and led to rolling black-outs, said a report released Tuesday.
 
Nigeria's Dangote Cement has announced a US$4.34 billion deal with Chinese construction company Sinoma International Engineering to build plants across Africa.
 
The Financial Supervisory Commission (FSC, 金管會) said Friday that the FSC has received 11 applications to secure a license to kick off their third party payment processing services.
 
El-Sissi unveils Suez Canal in lavish ceremony
President Abdel-Fattah el-Sissi unveiled an expanded Suez Canal Thursday in a lavish ceremony, with the first ships passing through the waterway in what Egypt hopes will boost its economy and global standing.
 
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