Saturday, February 1, 2014
Libya's sovereign wealth fund is suing banking giant Goldman Sachs for “deliberately exploiting” its position to make US$350 million profit on US$1 billion worth of failed derivative trades, London's High Court announced Thursday.
Monday, January 13, 2014
With an ultramodern port, high-speed train and the biggest car plant in North Africa, Tangiers is looking to profit from its strategic location overlooking the Strait of Gibraltar and its proximity to Europe.
Monday, January 6, 2014
Nigeria's financial markets posted healthy gains in 2013 but five years on from the global financial meltdown, local investors are still wary of sinking their money into stocks.
Monday, December 30, 2013
Porsches, Range Rovers and even Maseratis ... luxury cars are no strange sight weaving through the old bangers that rumble along Abidjan's chaotic streets, another indication of the emergence of a wealthy class in Africa.
Sunday, December 29, 2013
John Krafcik, the president and CEO of Hyundai Motor America, is stepping down next week after five years at the helm, the company announced Friday. He will be replaced by David Zuchowski, the current executive vice president of sales who joined the company in February 2007.
Thursday, December 19, 2013
China Mobile (中國移動) is targeting sales of 100 million fourth-generation (4G) mobile handsets for 2014, a goal expected to help HTC (宏達電) regain market share in China.
Monday, December 2, 2013
Five east African countries on Saturday signed a protocol to establish a monetary union, in a first step towards creating a single currency.
Wednesday, November 13, 2013
Sub-Saharan Africa is set to remain the world's fastest growing mobile market in the coming years, an industry report said Monday.
Monday, October 28, 2013
Countries of Africa's Congo Basin would like to grow richer by making and selling products from their abundant supply of timber, but experts see a path strewn with obstacles.
U.S. firm Marathon Oil (MRO.N) will continue operating in Libya after giving up plans to sell its stake in Waha Oil Company, Oil Minister Abdelbari Arusi said on Saturday.