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September, 30, 2016

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Business > Africa
Burkina Faso, Africa's top cotton producer and the sole West African nation to venture into biotech farming, is dropping genetically-modified (GM) cotton on quality grounds.
 
Egyptian President Abdel Fattah al-Sisi and Saudi King Salman agreed to set up a US$16 billion investment fund Saturday and settled a long-standing maritime dispute as the monarch continued his rare visit to the country.
 
Nigeria's financial capital Lagos is running on fumes again.
 
Nigerian woman rare gem in macho diamonds world
Nigerian Thelma West is a rare gem in the diamond world as a woman in a male-dominated sector with few Africans, despite the continent being the main source of the precious rocks.
 
Zimbabwean President Robert Mugabe has announced that the government will take over all the country's diamond mines to stop foreign firms from siphoning off gems without declaring them.
 
Nigeria is to break up its state-run oil and gas firm into 30 separate companies, the country's junior oil minister announced, as part of wider plans to overhaul the corruption-ridden operation.
 
Raids on illegal Peru mining camps target brothels
In one of the biggest such raids yet, police and soldiers destroyed scores of illegal gold mining camps in Peru's Madre de Dios region this week.
 
Improving sales in most of the world helped Ford Motor Co. achieve a record pretax profit in 2015, and the company says the numbers could go even higher this year.
 
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.
 
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