Rich world should pay Africa to preserve forests

The developed world should pay African countries to preserve their vast forests to help the fight against climate change, some of the continent's governments will argue at next month's summit in Copenhagen.

Rio costs up, output down in new Cameroon power deal

Rio Tinto's aluminium operation in Cameroon has secured a 30-year power supply contract with the government but electricity costs have doubled and output from a smelter will fall due to cuts in power consumption, Rio said.

Malaria may have come from chimps

Malaria may have jumped to humans from chimpanzees much as AIDS did, U.S. researchers reported on Monday in a study they hope could help in developing a vaccine against the infection.

ONGC taps Citi for Kosmos Ghana stake bid: sources

India's leading oil producer ONGC has hired Citigroup to advise it on a bid for Kosmos Energy's stake in an oil field in Ghana in a deal that could be worth between $3 billion and $5 billion, sources familiar with the deal said.

Benedict arrives in Africa for first time as pope

Pope Benedict arrived in Africa on Tuesday, where he said the continent's people were suffering disproportionately due to the global challenges of food shortages, financial crises and climate change.


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There's Little to Celebrate Over African City Summits

Nairobi's Africities summit is the fourth for local governments in the continent. The first, in Abidjan, Cote d'Ivore in 1998, saw the emergence of the African municipal movement on the regional and international scene.
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Finance ministers back World Bank plan

Finance ministers on Monday backed a controversial new World Bank strategy for tackling corruption in developing countries but insisted on overseeing how it is implemented