China’s Huawei is forging closer commercial ties with big telecom operators across Europe and Asia, putting the company in prime […]
How General Electric Gambled On Fossil Fuel Power
Last March, executives at General Electric Co’s power-plant business gave Wall Street a surprisingly bullish forecast for the year. Despite […]
Burkina Faso Seeks New Partner for $1 Billion Manganese Project
Burkina Faso is looking for a new partner to mine the world’s largest manganese deposit after rights disputes thwarted two […]
Nigeria Takes Steps to Avoid Repeat of Etisalat Collapse
Nigeria’s telecommunications regulator said tougher financial-health checks on the country’s biggest mobile-phone companies could prevent a repeat of last year’s […]
IMF Withdrew Permission For Kenya To Tap Standby Loan
The International Monetary Fund (IMF) withdrew Kenya’s access to a $1.5 billion standby loan in June. That hasn’t stopped the […]
Noble, Delek Sign $15 Billion Deal to Export Israel Gas to Egypt
A $15 billion deal to export Israeli gas to Egypt is moving forward after months of talks, bringing the Jewish […]
Nigeria Sells $2.5 Billion Eurobonds to Replace Naira Debt
Nigeria sold $2.5 billion of Eurobonds on Thursday as it sought to lower funding costs by using the notes to […]
The $1.8 Billion Indian Bank Fraud that Went Unnoticed
The Punjab National Bank branch in south Mumbai sits just down the road from both the Bombay Stock Exchange and […]
South Korea’s Moon Bemoans GM Plant Closure
South Korean President Moon Jae-in said on Monday General Motors Co’s (GM) (GM.N) decision to shut down a factory south […]
Asia’s Biggest Private Equity Acquirer Is Seeking $6 Billion
Hillhouse Capital Management, the Chinese investment firm that last year helped lead Asia’s biggest-ever buyout deal, is targeting to raise […]
Warren Buffett’s Bumpy Ride With IBM Draws to a Close
Warren Buffett is just about done with International Business Machines Corp. His conglomerate, Berkshire Hathaway Inc., reported that it cut […]
Britain To Add Nigeria’s Naira To List Of Accepted Trade Currencies
The naira will become one of three West African currencies that UK Export Finance has pre-approved for its programme of […]
IBM lawsuit casts diversity in starkly competitive terms
International Business Machines Corp’s (IBM) insistence in a new lawsuit that its efforts to recruit and maintain a diverse workforce […]
Ethiopian Geothermal Is Private Equity’s Next $4-Billion Bet
U.S. private equity and hedge funds are backing an effort by Ethiopia to turn itself into an exporter of electricity […]
U.S. Will Halt Crude Oil Import From Nigeria
There are indications that the United States may halt crude oil import from Nigeria by 2022, as it moves closer […]
The World’s Biggest Container Shipping Line Is Now Worried About Amazon and Alibaba
The world’s biggest container shipping line is trying to stop customers like Amazon.com Inc. and Alibaba Group Holding Ltd. from […]
Federal Funds for Clean Coal Project Mispent on Liquor and Spas
Millions of dollars of federal funds for a failed carbon capture and sequestration project were improperly spent on liquor, lobbying, […]
Amazon Is Laying Off Hundreds of Employees at Its Seattle Headquarters
Amazon (AMZN, +3.50%) is cutting hundreds of jobs at its Seattle headquarters in a rare set of layoffs for the […]
Meet The First Female Laureate Of The Mo Ibrahim Prize For Achievement In African Leadership
“I am proud to see the first woman Ibrahim Laureate, and I hope Ellen Johnson Sirleaf will continue to inspire […]
Wiese Cuts Stake in Steinhoff Down to 6%
In an astonishing sign of lack of confidence in Steinhoff International, Steinhoff’s former chairperson Christo Wiese has cut his stake […]