Inflation is likely to rise further in Mauritius, central bank governor Rundheersing Bheenick said on Saturday, reinforcing speculation that the central bank may raise rates at its March meeting.
At least 11 people were trampled to death on Saturday in a stampede at an election campaign rally for Nigerian President Goodluck Jonathan in the southern oil city of Port Harcourt.
China’s Foreign Minister Yang Jiechi has arrived in Zimbabwe to start a five-nation tour of Africa, amidst reports the two nations have signed a $10-billion trade deal.
Sitting on the dusty steps of his local chief's house, Cyrus Edo is spending his third consecutive day trying to register to vote in Nigeria's upcoming elections.
Nestle, the world's biggest food group, said on Thursday it would invest 1 billion Swiss francs expanding capacity in Africa over the next two years.
Four of the nine Nigerian banks rescued in a $4 billion bailout two years ago are expected to sign agreements with new investors over recapitalisation this month, Central Bank Governor Lamido Sanusi said on Wednesday.
Nigerian President Goodluck Jonathan, the strong favourite to win an April presidential election, has said he will stand for only one term, a move which may help to appease some of his northern opponents.
The African Union said on Friday it would form a panel of heads of state to solve the leadership crisis in Ivory Coast which would come up with a legally binding settlement within one month.
Nigeria's combined crude oil and condensate production is currently 2.4 million barrels per day (bpd) but output from Africa's largest crude exporter still remains within its OPEC quota, the state oil company says.
Norway's oil and gas producer Statoil told Reuters on Wednesday it saw potential for big discoveries in Angola's ultra-deep water blocks, known as pre-salt blocks, in which it was awarded concessions on Monday.
A Royal Dutch Shell executive said on Wednesday the company could not be held solely responsible for damage to the environment caused by oil extraction in the Niger Delta where it operates.
Nigeria raised its benchmark interest rate by 25 basis points to 6.5 percent on Tuesday and took aggressive measures to tighten liquidity as its seeks to get inflation down to single digits.
New vehicle imports into Nigeria declined 18 percent in 2010, reflecting weak credit growth in sub-Saharan Africa's second-biggest economy in the wake of a $4 billion bank bailout the previous year.
Halliburton Co , the world's second-largest oilfield services company, posted a higher-than-expected quarterly profit on strong demand in its North American market.
BP, Total, Eni and other international majors were awarded concessions to explore in Angola's ultra-deep water blocks known as pre-salt blocks, Angola's state-owned oil firm Sonangol said on Monday.
Gunmen have killed a soldier guarding a church in northeastern Nigeria, the army said on Monday, the latest in a string of attacks in a region with a history of religious violence.
Nigeria wants U.N. backing for military intervention in Ivory Coast to prevent it slipping into a civil war that could destabilise the West African region, Foreign Minister Odein Ajumogobia said on Monday.
Nigeria has issued guidance for its $500 million debut Eurobond indicating a yield of around 7 percent, higher than that of West African peer Ghana, market sources said on Thursday.
Ghana's stock exchange expects at least four new listings this year, including a local float by oil group Tullow Plc, and predicts that inflows of new pension funds will boost trading volumes.
Ghana is still making preparations to launch a second Eurobond originally due in 2010, Finance Minister Kwabena Duffuor said on Tuesday, stressing that market conditions were not behind the delay.
Three people were killed in central Nigeria on Monday when soldiers opened fire to quell a fight between Christian and Muslim youths over voter registration for April elections, police and witnesses said.
Uganda's shilling looks set to plumb new record lows against the dollar over the next week due to soaring foreign exchange demand from the oil sector, while Kenya's unit should strengthen slightly.
