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U.S. Company Accused of Land-Grab in Cameroon

Environment groups are accusing a New York-based agricultural company, Herakles Farms, of going forward with plans for a 73,000-hectare palm-oil plantation and refinery in...

Are Accusation of a ‘New Colonialism’ by China in Africa Unfair?

The so-called "new colonialism" allegation that China has exploited Africa's resources is unfair, given that China has made great efforts to help the continent's...

Nigeria Fines Shell U.S.$5 Billion for Oil Spill

The Shell Nigeria Exploration and Production Company, SNEPCO, has been fined U.S.$5 billion over the massive oil spill that occurred at its Bonga oil...

South Africa a Good Investment – OBG

South Africa boasts an attractive investment environment that few regional peers could match, according to a report by the Oxford Business Group that focuses...

Tanzania: Arusha City Invests in Environment Tourism

Arusha City has discovered a new economic niche through selling its green environment to foreign visitors who of late have been turning to environment...

Ethiopian Airlines Orders Five Q400 NextGen Airliners

Bombardier Aerospace confirmed today that Ethiopian Airlines is the customer that placed the firm order for five Q400 NextGen airliners announced on February 13,...

Rwanda Top Destination for Business in East Africa

Rwanda has retained its position as an ideal host for businesses in the East African Community (EAC) by clinching the top position in the first ever business rankings conducted by the bloc's Secretariat.

Nigerian Government to Partner With State Govts to Boost Investment

The Ministry of Trade and Investment will be partnering with state governments in the country to boost both local and foreign investment. Minister of Trade...

Nigeria's Central Banker Identifies Path to Sustainable Development

Central Bank governor Sanusi Lamido Sanusi has said that Nigeria cannot achieve the much desired sustainable economic development unless it puts in place a sound, efficient and stable financial system. He added that the country needed a macroeconomic and financial stability to achieve development.