world news, trump, u.s., business news, stock market, entertainment news, business news, company news, market, commodities, commodity, Africa news

West Africa oil projects face yet longer delays than rivals as prices languish

Oil firms have put major projects in West Africa on hold because of low prices – as they have across the globe – but when the market finally picks up, development is likely to recover much more slowly in the region than elsewhere. High costs bedevil the region, which includes established producers such as Nigeria […]

Read More

Drought: Zimbabwe needs $1.5 billion in food aid

ZIMBABWE’S vice president says the drought-stricken country needs to raise $1.5 billion for food aid. Vice President Emmerson Mnangagwa said Wednesday that over 70 percent of crops in the southern part of the country were wiped out by drought conditions brought on by the El Nino weather phenomenon affecting southern Africa. Mnangagwa told international diplomats […]

Read More

Pres. Obama to propose $200 million to battle Islamist militants in Africa

U.S President Barack Obama is proposing about $200 million in new military spending to confront Islamist militants in north and west Africa, U.S. defense officials said ahead of Tuesday’s budget rollouts for the next fiscal year, according to Reuters. U.S. officials declined to specify to which nations the funding would be directed. The disclosure comes […]

Read More

Cameroon to fight Boko Haram with witchcraft

Wearied by the spate of incessant attacks by Boko Haram militants against the country, the government of Cameroon is reported to have approved the use of witchcraft in fighting the war against terror. In a sequence of tweets by Cameroonian journalist, Bisong Etahoben, Chiefs of Cameroon’s East Region had during a meeting asked President Paul […]

Read More

South Africa raises key interest rate even as growth slows

SOUTH Africa raised its benchmark interest rate by an aggressive half a percentage point to 6.75 percent Thursday to counter rising inflation, despite fears that the country could be heading into recession. AFP report Economic woes have piled up in recent months for South Africa, with the International Monetary Fund slashing its latest growth forecast […]

Read More

12 dead in Cameroon Mosque suicide blast attack

A suicide bomber killed 12 worshippers Wednesday at a northern Cameroon mosque, security officials said, hitting an area regularly targeted by Nigeria’s Boko Haram Islamists. The blast struck the mosque in the village of Kouyape, in Kolofata district north near the Nigerian border, at around 5:30 am (0430 GMT) during morning prayers, a security source […]

Read More