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Econet says Zain Nigeria can not sell to Bharti of India. The CEO of Econet, Strive Masiyiwa, 5% owner of Zain Nigeria says the company has the first option to buy as the telecom provider is being bought by India’s Bharti for $10.7…

South Africa's Standard Bank sees its key markets stabilising and forecast a recovery in earnings to 2008 levels after posting lower 2009 profit due to rising impairments. Africa's biggest bank by assets said on Thursday normalised…

Oil slipped on Thursday as the dollar strengthened, but was still trading near seven-week highs of around $81 as U.S. demand edged up with a recovering economy. Total oil demand in the world's top consuming nation grew 0.3 percent in the…

Rate-setters will mark a year of rock-bottom interest rates and efforts to boost the money supply by maintaining their support for a fragile UK recovery. The Bank of England's Monetary Policy Committee (MPC) is set to keep its quantitative…

China announced Thursday a planned 7.5 percent boost in defense spending this year, a smaller increase than expected and the first time in more than two decades the jump has been less than double-digits. The increase will be used to…

Facebook Chief Executive Mark Zuckerberg is in no rush to take the popular social-networking site public, the Wall Street Journal reported on Wednesday. The 25-year-old CEO told the Journal in an interview that the company would…

The end game at hand, President Barack Obama took command Wednesday of one final attempt by Democrats to enact bitterly contested health care legislation, calling for an "up or down vote" within weeks under rules denying Republicans the…

Hotels in Ghana that want to utilize the power and full potential of the Internet to expand and grow their market share in the global tourism and hospitality sector can do so with a solution provided by a Ghanaian business, ourghana.com.…

South Korea has indicated it is interested in assisting Ghana to develop the country’s energy sector. Ghana is due to start commercial production of oil later in the year, after oil was discovered in the country in commercial quantities in…

Gains in Ecobank Ghana Limited on Tuesday pulled higher the GSE All-Share Index, the benchmark measure of performance on the Accra Bourse. The Index rose by 37.04 points at 5,595.18 points from 5,558.14 points on Monday for a year to date…