News

Tanzanian gov't seeks release of seized Q400

A Canadian contractor has seized a Dash 8-400, msn 4559, that was due to have been delivered to Air Tanzania (TC, Dar-es-Salaam) last month...

$15m Gold refinery opens in Uganda

A regional gold refinery worth $15 million on Monday opened in Uganda in a bid to reduce revenue lost due to export of raw gold.While opening the refinery here, 40km south of the capital Kampala, Ugandan...

$2b Lawsuit Has Investors Worried About Angola

US-based oil company Cobalt filed for arbitration for a $2-billion suit against Angola’s state-run Sonangol oil giant last week, according to court documents found by Reuters.

AfDB To Launch Africa Investment Forum

The Board of the African Development Bank (AfDB) has approved a proposal to launch an ‘Africa Investment Forum (AIF)’—a meeting place for investors interested in Africa.

Africa & China: More FDI Needed to Boost Exchange

China is Africa’s first trade partner but ranks behind the United States, European countries and India when it comes to Foreign Direct Investment (FDI) in Africa...

Africa, China continue to strike investment deals

Africa continues to attract the interest of global investors and the world’s biggest market. China’s investment ventures in Africa strongly suggest that the continent is seen as the new sleeping giant.

African Continental FTA Negotiations – the end game

Stakes are high. If the CFTA is not launched this year, Africa will be the laughing stalk of the world, for failing to meet the deadline of 2017 set in 2012...

African Economic Outlook 2016 Launched in Zambia

Lusaka, Zambia, 23 May 2016How Africa urbanises will be critical to the continent’s future growth and development, according to the African Economic Outlook 2016 released today at the African Development Bank Group’s 51st Annual Meetings.

Ajaokuta: Global Steel abandons arbitration, gets Itakpe

Global Steel Holdings Limited (GSHL) may have abandoned the arbitration process that it instituted at the London Court of International Arbitration, to reclaim the Ajaokuta Steel Complex from which it was sacked by the Federal Government of Nigeria.

Al Amoudi files arbitration case against Morocco in two locations

After having suffered a loss before Moroccan courts, Al Amoudi, President of coral Petroleum, has reportedly filed an arbitration case against the Moroccan government...

Al Jazeera files claim against Egypt before ICSID

Egypt tops the list of African countries with the most cases at ICSID. On January 20th a new case has been filed at ICSID against it by...

Algeria Signs $206 Million Contracts With American Oil Companies

Rabat – Sonatrach, Algeria’s government-owned oil company, granted contracts worth $206 million to a series of American companies for “cementing and pumping services,”and oil drilling, according to a reports by Reuters on, which cited a document from the state-owned Algerian company, Sonatrach....

Amend arbitration law now, says Rhodes-Vivour

The Arbitration and Conciliation Act is due for amendment, the Chartered Institute of Arbitrators (CIArb) UK, Nigeria Branch chairperson, Mrs Adedoyin Rhodes-Vivour, has said.

AngloGold Ashanti close to re-opening Ghana’s Obuasi mine

AngloGold Ashanti is close to a decision to re-open the Obuasi mine depending on the outcome of talks with the Ghanaian government to finalise...

AngloGold battles Tanzanian laws

AngloGold Ashanti's subsidiaries in Tanzania have initiated arbitration proceedings to protect their interests in case the government changes...

AngloGold files Obuasi dispute with Ghana

Johannesburg - AngloGold Ashanti said it filed a dispute with Ghana at an international investor arbitration panel due to the country’s...

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