Somalia and Iraq ‘most corrupt’
Found this post:
Somalia is one of the world’s most corrupt nations, says a survey by Transparency International.
Read the full post here.
Migration fears unjustified, OECD
Carl emailed us this:
Growing migration is putting strains on rich and poor economies alike, according to the OECD.
Continue reading here.
End to World Bank’s Chad oil deal
Earl wrote to us about:
The World Bank pulls the plug on an oil deal with Chad after a row about how to spend the profits.
You can see the rest here.
Old Mutual writes off $135m in US
Came across this today:
UK-listed South African insurer Old Mutual writes down $135m of Fannie Mae and Freddie Mac stock held at its US arm.
You can see the rest here.
US man bribed Nigerians
This is interesting:
An ex-KBR chief executive pleads guilty on corruption charges relating to Nigerian gas deals.
View the complete post here.
Billion-dollar plan for SA power
Sara sent us a link to this:
A South African minister says $140bn is needed to meet national power needs.
View the complete post here.
S Africa plans to stop blackouts
Priscilla told us about:
A massive investment in new energy in South Africa is needed to prevent more power cuts, according to one of the country’s government ministers.
The entire post can be seen here.
Arcelor targets South Africa mine
Came across this today:
Arcelor Mittal, the world’s largest steelmaker, is to develop a manganese mine in South Africa to help secure raw materials.
Read the rest of this entry.
Venezuela and S Africa sign deal
Dave wrote to us about:
Venezuela and South Africa agree to work together in the oil and gas industries.
Continue reading here.
African bank set for share issue
Thanks Chris, for pointing out:
African regional banking group Ecobank plans the continent’s biggest rights issue, to raise $2.5bn to fund its expansion.
Continue reading here.
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