GHANA

Undersea cable set to boost West Africa broadband

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An eagerly-awaited submarine cable linking West Africa to Europe has gone live, paving the way for cheaper and more reliable internet access in one of the world's fastest-growing telecoms markets, its operators said on Friday.

Ghana Q1 gold output hits 696,172 ounce

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Africa's second largest gold producer, Ghana's gold output rose to 696,172 ounces in the first quarter of this year. According to Ghana Chamber of Mines, country's gold production hit 696,172 ounces during the first quarter of 2010, up 3 percent over the same quarter a year ago.
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Special Report: Planes, trains and frontier markets

Josephine Jimenez has a chunk of money to invest and she is hunting for opportunities in the usual places -- Zimbabwe, Tunisia, Sri Lanka, among others. Jimenez is a specialist in so-called frontier markets. She stacked up a million air miles long ago.
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Ghana has not blocked Exxon-Kosmos deal: source

Ghana has not blocked a planned $4 billion oilfield stake sale to Exxon Mobil by Kosmos Energy but still threatens to do so if the parties do not abandon the deal, a government source said on Tuesday.
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Futures point to higher open on Wall Street

Stock futures rose on Tuesday, pointing to a higher start for Wall Street after sharp falls in the previous session, but with some caution expected to persist over euro zone debt concerns.
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Al Qaeda linked to rogue aviation network

In early 2008, an official at the U.S. Department of Homeland Security sent a report to his superiors detailing what he called the most significant development in the criminal exploitation of aircraft since 9/11.
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Nigeria says plane bomber began journey in Ghana

A Nigerian man charged with trying to blow up a U.S. passenger jet on Christmas Day began his journey in Ghana and spent less than 30 minutes in Nigeria's Lagos airport, the Nigerian government said on Thursday.
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World Cup rankings

The draw of the teams who will face each other in the 2010 World Cup in South Africa took place Friday in South Africa.
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Shell buys into Tullow's French Guiana oil block

Royal Dutch Shell Plc agreed to buy up to 45 percent of explorer Tullow Oil's licence offshore French Guiana, boosting hopes rich West African oil reservoirs could be replicated across the Atlantic. The companies said in statements on Wednesday that Shell had agreed to purchase 33 percent of the Guyane Maritime Permit, around 150 kilometres off the coast of French Guiana, for an undisclosed sum, and had an option to buy another 12 percent.
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Global pollution-fighters find scant success

Twelve of the worst pollution problems in the developing world are being cleaned up, demonstrating that tens of thousands of others also could be improved, according to a report released on Wednesday.
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Kosmos's Ghana sale bid illegal: GNPC source

State-run Ghana National Petroleum Corp believes Kosmos Energy's deal to sell its stake in the huge Jubilee oil field to Exxon Mobil is illegal and is ready to buy the stake itself, a GNPC source said on Monday.
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Savannah Gold to list in Canada next year

Privately held Savannah Gold Ltd is seeking 1 million pounds in fresh investment to launch a drilling programme in Nigeria, and hopes to list the firm in Canada in the middle of next year.
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China to start UAE tourist groups

Chinese citizens are allowed to tour another nine nations, including the United Arab Emirates (UAE) in the Middle East, from September 15, according to the National Tourism Administration.
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Clinton presses Angola to fight corruption

U.S. Secretary of State Hillary Clinton pressed Angola on Sunday to do more to fight corruption during a two-day visit to the oil-producing country aimed at bolstering ties between the two nations.
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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.
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Kosmos still eyeing sale of Ghanaian fields-sources

Private equity-backed Kosmos Energy is still mulling a possible sale of its Ghanaian oil interests, despite securing a loan to fund the fields' development, industry sources familiar with the matter said on Wednesday.
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Obama: Africa aid must be matched by good governance

U.S. President Barack Obama told Africans on Saturday that Western aid must be matched by good governance and urged them to take greater responsibility for stamping out war, corruption and disease plaguing the continent.

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