Washington-based advocacy group says rebel factions, elements of Congolese military, control 65% of country’s gold mines, fueling violence in the central African nation.
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The chief executive of one of Britain’s largest supermarket chains is battling a two-year jail sentence imposed on him by an Egyptian court, in relation to a dispute with a local businessman in Egypt.
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Business Watch
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Tullow Oil PLC was handed positive news Saturday when an international tribunal ruled against suspending all petroleum operations in an offshore zone that is under dispute between Ghana and Ivory Coast.
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Europe’s biggest independent oil companies are flush with energy assets, but battered by the collapse of crude prices. Investors are now betting on which one could be the next big acquisition target.
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Independent oil-and-gas company InterOil isn’t ruling out a possible takeover if the price is right, a senior executive said.
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Nestlé reported first-quarter sales that missed forecasts, but indicated better times might be on the horizon amid signs of a pickup in hard-hit Europe.
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Economic growth in Europe has been modest, but some bankers think that fresh stimulus from the ECB, a weak euro, low oil prices and easier access to borrowing may be enough to spark more deal activity.
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Gabon’s oil minister said the country is considering levying tens of millions of dollars in tax penalties against Royal Dutch Shell, prompting the U.K. government to contact the African government, according to people familiar with the matter.
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Italian energy giant Eni has emerged as the only international oil company still pumping near capacity in war-torn Libya, helped by protection from militias and tribes secured by its local partners.
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Dianping, one of China’s most popular restaurant-review and group-buying services, has raised $850 million from investors including Xiaomi, putting a lofty $4.05 billion valuation on the startup.
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BNP Paribas will pay a fine of $140 million and face a five-year probation for violating U.S. sanctions, putting its total financial penalty in the high-profile case at nearly $9 billion.
The best-selling author on the diversity of African writers and her life in Nigeria and the U.S.
Armed with old bones and new DNA sequencing technology, scientists are getting a much better understanding of the prehistory of the human species, writes Matt Ridley.
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Many Ebola survivors in West Africa have emerged with an assortment of mysterious physical ailments, including joint pain, fatigue and a particularly worrisome and common complaint: vision loss.
Okwui Enwezor, the first African curator of the Venice Biennale, is forgoing business as usual by attracting artists on the margins of the art world.
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Tanzanian authorities have detained Jamil Mukulu, leader of the Congo-based Ugandan Islamist rebel group Allied Democratic Forces.
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French prosecutors are investigating allegations that French soldiers sexually abused children during a peacekeeping mission in Central African Republic last year.
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Italian oil giant Eni’s reported a steep drop in net income as the global plunge in crude prices cut into profitability at the Italian oil company’s main exploration and production unit, offsetting improvements at other divisions and a lower tax rate.
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New York State Common Retirement Fund plans to invest up to 3% of its assets in Africa in the next five years, or roughly $5 billion.
Mollifying the mongoose-like mammals takes patience, a skill practiced by Africa’s ‘meerkat habituators.’
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The best-selling author on the diversity of African writers and her life in Nigeria and the U.S.
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Many Ebola survivors in West Africa have emerged with an assortment of mysterious physical ailments, including joint pain, fatigue and a particularly worrisome and common complaint: vision loss.
Mollifying the mongoose-like mammals takes patience, a skill practiced by Africa’s ‘meerkat habituators.’
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Sudan’s president won a controversial vote that extends the nearly three-decade rule of the world’s only head of state wanted by the International Criminal Court on war crimes charges.
The NBA will play an exhibition game in Johannesburg on Aug. 1—the first game of NBA players on African soil.
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