Africa

 

Safaricom faces court challenge over banking service

NAIROBI, Dec 13 - Kenya's Safaricom Ltd is facing a lawsuit from a local micro finance firm over the telecom group's revamped mobile phone banking service M-Shwari.

Recent Africa News

S.Africa's antitrust body slaps Foodcorp with $10 mln fine

JOHANNESBURG, Dec 13 - South Africa's competition watchdog levied a $10 million price-fixing fine on consumer foods maker Foodcorp, a takeover target of poultry producer Rainbow Chicken.

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Sending Abyei dispute to U.N. may reignite conflict: Sudan

KHARTOUM - Sudan has warned a new conflict could break out in Abyei, a contested area between Sudan and South Sudan prized for its fertile grazing land, if a regional body refers the dispute to the U.N. Security Council.

Angola says 2013 oil target may be elusive, LNG tardy

VIENNA, Dec 12 - Angola, Africa's second-largest oil producer, will raise its oil output slightly next year, although it is unlikely to reach a target of 2 million barrels per day (bpd), the country's oil minister said on Wednesday.

Policemen held over kidnap of Nigeria minister's mother

ONITSHA, Nigeria - Two policemen have been arrested on suspicion of helping kidnappers who seized the Nigerian finance minister's 82-year-old mother, the force said on Wednesday.

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Barry Callebaut makes $950 million bet on Asian chocolate

ZURICH - Swiss chocolate maker Barry Callebaut is buying the cocoa business of Singaporean group Petra Foods to reduce its dependence on West African beans as it expands in emerging markets.