Economy

Former Nigerian oil minister loses properties over corruption allegations

Two multi-million-dollar penthouses belonging to Nigeria's former oil minister Diezani Alison-Madueke have been seized as part of corruption investigations.

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Tanzania-Zambia railway halts copper transportation after strike

The Tanzania-Zambia Railway Authority (TAZARA) has suspended all train services, including the transportation of copper following a strike by workers in Africa's number two producer of the metal, the company's spokesperson said on Wednesday.

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SA business confidence rises in November

South Africa's business confidence index edged higher in November, helped by expectations that government will implement policies to boost the economy, a survey showed on Wednesday.

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Tokyo stocks close sharply down on Jerusalem worries

Tokyo's benchmark stock index closed nearly 2 % lower on Wednesday as investors stepped up selling on news that United States President will recognise Jerusalem as Israel's capital.

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Resumption of US visa services 'right step': Russia

The Russian Foreign Ministry said on Tuesday that the United States Embassy decision on resuming visa services in US consulates in Russia was a step in the right direction.

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Zambia lifts ban on night truck driving

Zambia has lifted a ban on night driving for truckers, imposed to improve road safety. This comes after mining companies in Africa's second biggest copper producer said the decision had hit commercial activity.

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Nigeria's SEC to go ahead with forensic audit of Oando

Nigeria's Securities and Exchange Commission (SEC) plans to go ahead with a forensic audit of oil company Oando Plc, it said in a statement late on Tuesday, despite the suspension of the commission's director.

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Dangote named among 50 most influential people globally

The President of Dangote Group, Aliko Dangote, has been recognised as one of the people who defined global business in 2017.

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Somalia needs investment and improved living conditions

The Somali government, leaders from the African Union (AU) and the United Nations (UN) have called for greater investment in Somalia’s economic development to create more job opportunities and improve its living conditions.

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Data workers prove a rare resource for Barrick

Barrick Gold, the world's biggest gold miner, is staking new ground in a dogged push to overhaul its operations, seeking scarce artificial intelligence experts to oversee projects using technology for everything from exploration to robot-run mining.

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