Afreximbank Unveils $17.5B Lifeline for Angola’s Sonangol.
Africa’s trade finance lender has unveiled a major new funding line for Angola’s national oil company, as the country seeks to stabilize […]
Morocco to open $5.6 billion port hosting its first liquefied natural gas terminal.
Morocco is set to bring its second Mediterranean deepwater port, Nador West Med, into operation in the fourth quarter of this year, […]
Authorities raid Deutsche Bank offices in money laundering probe.
Deutsche Bank’s headquarters in Frankfurt and its office in Berlin were searched by German prosecutors and police on Wednesday in an investigation […]
Tanzania to sell gold reserves to finance infrastructure projects.
Tanzania plans to sell part of its gold reserves to help fund infrastructure projects as reduced donor support forces the government to […]
South Africa’s Rand surges against Dollar as gold hits record $5,000 per ounce.
At 07:03 GMT, the rand traded at 16.0475 against the dollar, up roughly 0.4% from its previous close and hovering near its […]
Venezuela opens debate on an oil sector overhaul as Trump seeks role for US firms.
Venezuela’s legislature advanced a bill on Thursday to loosen state control over the country’s vast oil sector in the first major overhaul […]
Europe and India seek closer ties with ‘mother of all deals’
Facing challenges from China and the United States, India and the European Union have been negotiating a massive free trade pact — […]
Copper nears US$13,000 as rally gathers pace with other metals.
Copper climbed towards US$13,000 (RM52,164) a tonne, rising along with other metals on dollar weakness and a broad investor rotation away from […]
Rockefeller, World Bank fund solar projects across six African countries to boost agriculture.
The Rockefeller Foundation and the World Bank have backed non-profit organisations with tens of millions of dollars to improve agricultural productivity across […]
Major oil exporter in Kenya says it is unthreatened by Uganda’s $4 billion oil refinery.
The Uganda National Oil Company is designated to hold a 40% equity in the refinery, with the remaining stake to be controlled […]
UAE’s ADNOC Gas signs $3 billion LNG deal with India’s Hindustan Petroleum Corporation Limited.
ADNOC Gas announced on Monday the signing of a sales and purchase agreement valued between $2.5 and $3 billion for a period […]
Taiwan dollar at risk of insurers reducing US$95 bil of hedges.
The Taiwanese dollar is expected to lose a crucial source of support as new accounting rules allow insurers to unwind foreign-exchange hedges […]