China has not given up on its attempt to become a player in the Nigerian oil industry. Consequently, the $50 billion offer to the Federal Government to enable it acquire 49 per cent stake is still on the table. This translates to some six billion barrels in oil reserves.
ZIMBABWE and two Chinese investors on Monday signed four multi-million dollar deals that will see the Asian companies investing in the mining and transport sectors.
Developing economies dependent on export commodities such as Kenya face uncertain times over persistent volatility of ocean freight charges, a new global maritime report warned.
Cranes are busy offloading containers at Rwanda's multi-billion franc Convention Complex at Kimihura.
Being the custodian of the Ethiopian state must be an undertaking that shows no gratitude in return. In many ways, it puts those at the helm of power in a position of "Damned if you do; damned if you do not."
HEAVY investments in the construction industry has boosted the performance of the sector, which is growing faster than mining and tourism, officials said earlier this week.
The Government of the Republic of Liberia and the People's Republic of China have signed a grant for 50 Million RMB yuan, an equivalent of nearly US$8 million to support projects agreed upon by the two countries.
Some 4.8 million Ethiopians will require emergency food and related aid costing $270 million for the first six months of 2010 in a country already plagued by prolonged drought and crop failure, according to United Nations estimates released today.
The Liberian government has announced that it is in the final stages of securing a U.S. $1.6 billion Indonesian investment in palm oil production which is expected to create 35,000 jobs.
The Gambia, Senegal sustainable fisheries project is a five-year regional initiative supported by the American people through the United States Agency for International Development (USAID)/West Africa Regional Mission.
The proposed merger of three regional economic blocs is soon expected to face an acid test when member states give views on recently released work plans that seek to guide the process.
The government yesterday reiterated its opposition to homosexuality and said donors were free to withdraw their funding if they wish.
When an aid vehicle is stolen in the eastern Chad town of Abéché, some people cheer and say the aid organization got what it deserved, according to the French think-tank Emergency Rehabilitation Development (URD), which is preparing a report on the impact of international aid groups on Abéché residents.
The U.S. permanent representative to the United Nations agencies in Rome, Ambassador Ertharin Cousin, announced an additional $70 million in emergency food aid to the U.N. World Food Programme (WFP) December 9, providing an additional 92,310 metric tons of food for the 2010 calendar year.
The government on Wednesday called on Arab businessmen to invest in the country, saying the east African nation offers great opportunity for investment.
