Dilemma X

Nigeria awards Canadian firm $24 million power contract Africa’s most populous nation of more than 160 million is the continent’s biggest oil producer, but is blighted by persistent electricity outages. Nigeria’s cities are expected to add 200 million people by 2050, more than doubling the country’s current population as reported by the United Nations. Reuters […]

Brazil to rally BRICS against rich countries Reuters NEW DELHI- Brazil will push for its large emerging-market peers including China to denounce what it sees as unfair monetary policies by Europe and the United States, raising the stakes in a global confrontation over economic imbalances. Brazilian Trade and Industry Minister Fernando Pimentel told Reuters on […]

March 26, 2012 BG Groups makes major Tanzania gas find UPI READING, England– At least 2.5 trillion cubic feet of recoverable natural gas was discovered off the coast of Tanzania, British energy company BG Group announced. BG Group said a preliminary evaluation of its Jodari-1 exploration well found it contained a gross recoverable reserve estimate […]

March 26, 2012 Tullow Oil discovers oil in Kenya Nairobi, Kenya By ALEXIS FLYNN The Wall Street Journal LONDON—Tullow Oil PLC discovered crude oil in Kenya in its first attempt at exploratory drilling in the East African country. The London-based company said it found oil in the northwestern region of Turkana, where Tullow is assessing the […]

Sunday 25 March 2012 Senegal votes in new president Macky Sall wins as incumbent Abdoulaye Wade conceded after preliminary results showed a landslide for opposition Associated Press in Dakar President Abdoulaye Wade conceded defeat to his former protege Macky Sall after preliminary results showed the opposition candidate had trounced the 85-year-old incumbent. The move alleviated […]

More than 11,000 Nigerians sue Shell in UK court over spills Lawyers for more than 11,000 Nigerians initiated formal legal proceedings against oil giant Shell in London on Friday after the breakdown of negotiations on compensation following two oil spills.   Pius Utomi Ekpei / AFP – Getty Images, file A man walks near spilled crude […]

Zimbabwe says plans $100 milion infrastructure bond Reuters HARARE- Zimbabwe plans to float a $100 million bond to rebuild its dilapidated infrastructure as the country struggles to attract foreign investment, the finance minister said on Wednesday. Zimbabwe’s infrastructure, such as its roads, railways, dams and power plants, has been starved of finance due to a […]

India, Africa aim for $90 billion trade in 3 years AFP Indian and African leaders on Sunday agreed to sharply increase bilateral trade to $90 billion by 2015 as the two sides discussed potential deals. The South Asian country is aiming to boost its trade and diplomatic ties with Africa where China has already made […]

Nigeria starts mediated talks with Boko Haram Reuters ABUJA- Nigeria’s government has in the last week held its first indirect peace talks with Islamist sect Boko Haram, meeting mediators to discuss a possible ceasefire, political and diplomatic sources told Reuters on Thursday. Two people close to Boko Haram have been carrying messages back and forth […]

Jacob Zuma promises to boost the economy, skills and jobs with a massive infrastructure development   GAYE DAVIS, SUE SEGAR and MICHAEL MPOFU The Star (Johannesburg) Political Bureau   PRETORIA- Jacob Zuma’s promise to boost the economy, skills and jobs with a massive infrastructure development drive has been welcomed as a step in the right […]