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Oil company Shell to continue operation in Nigeria

Lagos: Shell Petroleum Development Company (SPDC) has again refuted claims that it plans to leave Nigeria for Iraq, the Guardian newspaper reported Monday. The management unfolded several projects being executed by the firm in the country on Saturday said that in the last three years it had paid 25 billion U.S. dollars to the Nigerian federal...

S Africans protest price hike

South Africa: Thousands of South African workers have taken to the streets to express their anger over the high prices of electricity and other commodities. The mine and factory workers started nation wide rallies after their unions called for a strike, which has almost brought the country's industries to a halt. In the capital, demonstrators...

Nigeria militants threat to blow up oil pipelines

Lagos (Nigeria): The main militant group in Nigeria's oil-producing Niger Delta said on Wednesday it would attack major oil pipelines in the next 30 days to prove it had not received payment from the government to end its campaign. The head of the state-run oil firm NNPC was quoted in Nigerian newspapers on Wednesday as saying the company had...

Egypt demands rich nation to cut farm subsidies

Geneva: The United States, Europe and other rich countries can help poor nations ramp up their own food production by agreeing to cut farm subsidies at talks this week, Egypt's trade minister said on Monday. As ministers began searching for an urgent breakthrough in long-delayed global trade talks, Egyptian Trade Minister Rachid Mohamed...

Attack blow up Italian company's oil pipeline in Nigeria

Lagos (Nigeria): A community in Bayelsa state Nigeria's Niger Delta region has blown up an oil pipeline operated by Italy's ENI cutting output further in the world's eighth largest oil exporter, according to local media report Friday. Timipre Sylva, Bayelsa state governor, told newsmen, that some community members went into the forest...

Nigeria's oil workers vows to quit from Niger Delta

Lagos: Nigeria's main oil workers union NUPENG threatened Thursday to pull out its members if there was no improvement to the worsening security climate in the country's Niger Delta. "We have made several representations to the federal government. But they seem not to listen. We will not hesitate to ask our members to quit the region...

S African economy boost up but poverty persists

South Africa: Economic inequalities remain in South Africa after the fall of apartheid although fewer people are still caught in grinding poverty, a government report said on Thursday. The Presidency's Development Indicators 2008 report said the standard of living for a large number of people had improved between 2000 and 2007, with incomes...

S Africa strike halts Gold Fields, Harmony mines operation

South Africa: South Africa's gold mines owned by Gold Fields and Harmony shut on Wednesday as thousands of mineworkers downed tools in a one-day protest against rising electricity, food and fuel prices. The strike in the Free State, Northern Cape and Mpumalanga provinces, was part of a drive by the Congress of South African Trade Unions (...

Zimbabwe inflation reaches at 2,200,000%

Zimbabwe: Zimbabwe's annual rate of inflation has surged to 2,200,000%, official figures have shown. The figure is the first official assessment of prices in the troubled African nation since February, when the rate of inflation stood at 165,000%. Zimbabwe, once one of the richest countries in Africa, has descended into economic chaos largely...

Threat forces thousands to flee from Nigerian oil town

Nigeria: Thousands of Nigerians have fled the Niger Delta oil town of Bonny after militants threatened to behead people who are not originally from the area. The unknown group attacked soldiers in the town two weeks ago, killing nine people including a pregnant woman. According to a newspaper article widely circulated by residents, the militants...

Nigeria reform at risk over oil profits

Lagos: President Umaru Yar'Adua risks undermining Nigeria's hard-won reputation for fiscal discipline if he fails to keep the country's cash-hungry state governors from squandering its soaring oil revenues. The world's eighth biggest oil exporter saves revenues above a benchmark oil price in an "excess crude account" (...

S Africans demonstrate over prices, Mbeki policies

Cape Town: Thousands of unionised South African workers downed tools on Wednesday to protest against a sharp jump in food and fuel prices, shutting down businesses and rattling jittery investors. The walkout in the Western Cape and KwaZulu-Natal provinces, home to two of the nation's largest cities, was part of a drive by the Congress of...

Somalia: Canadian oil company showes disgust about Puntland leader's relative

Somalia: Officials working for a Canadian oil company which has a contested exploration agreement in a northern region of Somalia have expressed their distaste with an individual playing a key role in the saga, inside sources tell Garowe Online. Gen. Adde Muse, leader of the Puntland State of Somalia, urgently traveled to the port city of Bossaso...

UK plans to review Somalia aid support

Somalia: The foreign aid Somalia gets to rebuild the country and keep the peace in the Horn of Africa is often siphoned off to clan militias. Now the UK - one of its key donors - is reviewing how it can continue its support of the East African nation. The money that is supposed to be used to strengthen security and democracy in Somalia seems not...

Mubarak for comprehensive African agriculture development plan

Egypt: Egyptian President Hosni Mubarak on Sunday called on African countries to implement a comprehensive agriculture development plan to increase agricultural production through expanding plantation and making efficient use of water resources.   The Egyptian president made the call at the opening ceremony of the summit of the New...