Weather New York, NY +84°F

Africa

Mergers

Fear factor fades as global M&A hits seven-year high

Chief executives got their deal-making confidence back in 2014, emboldened by a clearer outlook for their businesses to take the global value for mergers and acquisitions (M&A) to their highest annual level since 2007.

Read Full Article
AbbVie

AbbVie adds children's AIDS drugs to shared patent pool

U.S. drugmaker AbbVie has added two HIV medicines for children to a shared patent pool in an initiative that should speed the development of cheap new pediatric formulations for use in poor countries.

Read Full Article
Ebola

China drafts policy on emergency Ebola diagnosis, approves products

China has drafted a policy on the emergency use of diagnostic products for the Ebola virus disease and clinical trials, the country's drug regulator said on Friday, as the number of people affected globally by the epidemic nears 16,000.

Read Full Article
U.S. President Barack Obama

Obama plan to 'Power Africa' gets off to a dim start

Barack Obama last year told a cheering crowd in Cape Town that a $7 billion plan to "Power Africa" would double electricity output on the world's poorest continent and bring "light where currently there is darkness".

Read Full Article
Mounir Fakhry Abdel Nour

Egypt expects new African trade bloc in December: minister

Three African economic blocs will merge into a new 27-nation free-trade zone under an agreement to be signed in Cairo next month, uniting markets worth 58 percent of the continent's economic activity, Egypt's industry and trade minister said.

Read Full Article
China Railway

China Railway Construction wins $12 billion Nigeria deal: Xinhua

China Railway Construction Corp (601186.SS) (1186.HK) has signed a deal worth nearly $12 billion with Nigeria to build a railway along the West African nation's coast, Chinese state news agency Xinhua said on Thursday.

Read Full Article
Samsung S5

Samsung Electronics sees squeeze in African growth as economy slows

Samsung Electronics expects high single-digit revenue growth in 2014, compared with the 50 to 60 percent annual expansion of the last few years, as the global economic malaise trickles down to the continent.

Read Full Article
U.S. Secretary of State John Kerry (L) and Chinese Foreign Minister Wang Yi

U.S. eyes China partnership on Africa power - sources

The United States is considering partnering with China on improving electricity in Africa and the proposal could be part of bilateral discussions when President Barack Obama visits Beijing next week, two sources involved told Reuters.

Read Full Article
Ebola

Ebola crisis highlights China's philanthropic shortfall

China has contributed over $120 million to fight the spread of the Ebola virus, but its billionaire tycoons - it has more than anywhere outside the United States - have, publicly at least, donated little to the cause, underscoring an immature culture of philanthropy in the world's second-biggest economy.

Read Full Article
Africa Energy

Somalia says reviewing oil deals U.N. says lack transparency

Somalia said it was reviewing several oil and gas deals that U.N. investigators say lack transparency and risk hindering development of the country's energy industry.

Read Full Article
Total SA

Tanzania talks with Total, BP on hydrocarbon exploration

Tanzania has held talks with France's Total (TOTF.PA) and Britain's BP (BP.L) over oil and gas exploration, its energy ministry said on Saturday, aiming to add to major companies active in its thriving energy sector.

Read Full Article
Ebola

China to offer $82 million in fourth round of Ebola aid

China said on Friday it would donate 500 million yuan ($82 million) to Liberia, Sierra Leone and Guinea to battle Ebola, its largest round of aid to help contain the spread of the deadly virus.

Read Full Article
Li Ka Shing

China's companies, billionaires must step up to fight Ebola: WFP

China's corporations and billionaires have lagged behind in contributions to fighting the Ebola epidemic in West Africa despite vast economic ties to the region, the World Food Programme said on Monday.

Read Full Article
Laboratory

China military-linked firm eyes quick approval of drug to cure Ebola

A Chinese drugmaker with close military ties is seeking fast-track approval for a drug that it says can cure Ebola, as China joins the race to help treat a deadly outbreak of a disease that has spread from Africa to the United States and Europe.

Read Full Article
Worshippers

Nigeria's 'megachurches': a hidden pillar of Africa's top economy

When a guesthouse belonging to one of Nigeria's leading Christian pastors collapsed last month, killing 115 mostly South African pilgrims, attention focused on the multimillion-dollar "megachurches" that form a huge, untaxed sector of Africa's top economy.

Read Full Article
1 2 3 4 5 6 7 8 9

Subscribe to VCpost newsletter

Sign up for our Deals of the Day newsletter.
We will not spam you!

Real Time Analytics