Al-Shabaab extremists from neighboring Somalia beheaded nine civilians in an early-morning attack on a village in southeast Kenya, as concerns grew that the group had taken up a bloody new strategy.
Zambia’s President Edgar Lungu is seeking parliamentary approval to invoke a country-wide state of emergency, as the crisis in one of Africa’s most stable democracies deepens.
Saudi Arabia’s state-run oil giant Aramco said it would cut the price of its lighter crude grades to Asia in August, amid rising competition from rival producers in the Organization of the Petroleum Exporting Countries.
Qatar Petroleum, the world’s largest producer of liquefied natural gas, said it plans to increase natural-gas output by 30% over the next seven years, as the small emirate faces a diplomatic crisis with its Persian Gulf neighbors.
Dubai-based private-equity fund Abraaj Group has acquired East Africa’s most prominent upmarket coffee and casual-dining chain, Java House Group, in a landmark deal in the African consumer market.
Fund managers who own bonds of Mozambique are calling for the country to repudiate government guarantees on loans made to the country by Credit Suisse AG and Russian bank VTB.
BP PLC said Thursday it will write off $750 million from its second quarter earnings as a result of poor exploration results in Angola, an oil-rich country that the company has touted as a pillar of its business.
Secretary of State Rex Tillerson is keeping U.S. pressure on feuding Gulf Arab countries, urging negotiations as officials from all sides stream into Washington to make their case.
Credit Suisse denied the allegation, saying the assertion that it took in $100 million for its role in securing the loans was “incorrect and misleading.”
Citigroup has hired a senior investment banker from UBS Group to head up mergers and acquisitions for the U.S. bank’s Europe, Middle East and Africa operations.
Researchers analyzed a database of wildlife species and viruses known to infect mammals and people in order to try to pinpoint where and how future pandemics might erupt. A likely culprit are bats.
Oil prices this week plunged into a bear market amid signs the three-year old global glut of crude will take longer to abate. Here are five reasons oil prices are under pressure.
A wave of killings reflect the unraveling of a complex network of power trading and patronage, backed by amateur fighters unchecked by the official security apparatus, that has helped secure President Joseph Kabila’s rule over Congo for the past 16 years.
‘The revisionists have much of the story right but they miss a crucial factor.’
Silvana Tenreyro of the London School of Economics and Political Science has been appointed to the Bank of England’s Monetary Policy Committee, replacing Kristin Forbes, whose term ends in June.