Oil, gas and Africa's biggest market keep the investors interested despite the increasingly desperate politics in Abuja ahead of the 2011 elections
After six weeks of billion dollar bail-outs, high-level sackings and the arraigning in court of five top executives, Nigeria’s financial sector is still robust enough to prompt paeans of praise from banks such as Goldman Sachs, Renaissance Capital and Standard Chartered. Not far behind in their pursuit of Nigerian business are South African banks such as Standard, ABSA (now controlled by Britain’s Barclays Bank) and First Rand – all of which are looking at buying stakes in troubled banks such as Intercontinental, Union and Oceanic.
As Iran spreads its influence in Africa, Israel tries to return to a continent where it once had many friends
Foreign Minister Avigdor Lieberman’s five-country trip to Africa on 2-9 September showed the extent of diplomatic ground which Israel has lost over the past three decades, since the...
The reappointment of the anti-corruption chief opens a rift between Parliament and President Mwai Kibaki as top politicians come under fire
For the first time in Kenya's history, Parliament has voted to reject a presidential order, duly noted in the official Gazette. At stake is the survival both of...