Globacom unhappy with Ghana co-location deal

Ghana’s sixth mobile phone service provider yet to start operations still has issues with the country’s regulations for mobile phone companies. And one of the issues Glo is not happy with is the co-location deal that the National…

Criminal curses prosecutors in court

The Dormaa Circuit Court in the Dormaa Municipality was thrown into state of laughter when a 26-year Ndego Amana, who was sentenced to 24 year jail term, started cursing the prosecutors for dragging him to court. “I assure you that by the…

Angola owes foreign firms $6.8m

Oil-producing Angola owes $6.8 billion -- twice what was previously estimated -- to foreign firms involved in its post-war reconstruction, President Jose Eduardo dos Santos admitted on Monday. But in a rare news conference, the head of…

Migrants attacked in South Africa

South African residents have attacked migrants from African countries in a Johannesburg township, injuring at least five people and increasing concerns of a wave of xenophobia after the soccer World Cup. Local media said four of those…

Oil prices hover around $77 per barrel

Oil prices rose slightly to near $77 a barrel Tuesday in Asia as crude traders wait for clearer signals on the strength of the global economy and stock markets. Benchmark crude for August delivery was up 7 cents to $76.61 a barrel at…

Goldman executive denies fraud

Goldman Sachs executive Fabrice Tourre denied fraud and other accusations by U.S. regulators for his role in marketing a subprime mortgage product and asked a court on Monday to dismiss the case. Goldman on Thursday agreed to pay $550…