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August, 25, 2016

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Business > Africa
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.
 
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.
 
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