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Ghana Eurobond Yields Fall 4th Day on Amissah-Arthur Nomination – Bloomberg

The yield on Ghana’s $750 million Eurobonds fell for a fourth day after President John Dramani Mahama nominated central bank governor Kwesi Amissah-Arthur to be his deputy, a week after the death of John Atta Mills. Yield on the 8.5 percent …

Nigeria fines Shell $A4.9bn over oil spill – couriermail.com.au

NIGERIA has fined Shell $US5 billion ($A4.90 billion) over an oil spill late last year at an offshore field. Shell was forced to halt operations at the Bonga oilfield in the Gulf of Guinea following the December 20 leak of some 40,000 barrels of crude.

Ghana’s Mahama Nominates Central Bank Governor as Vice President – Bloomberg

Bank of Ghana Governor Kwesi Amissah- Arthur was nominated to become vice president of West Africa’s second-biggest economy, a week after the death of President John Atta Mills. Amissah-Arthur, a former deputy finance minister who headed the …

Nigeria Access Bank wins $1 bln case against ex-chief – Reuters

LAGOS Aug 1 (Reuters) – Nigeria’s Access Bank has won an order for repayment of more than $1 billion in a fraud case in London’s High Court against a former executive of a bank it took over, according to a court document seen by Reuters on …

Nigeria’s precarious oil amnesty – BBC News

An amnesty for thousands of militants in south-eastern Nigeria has brought relative stability to the region, enabling its huge oil industry to recover but, as the BBC’s Will Ross reports, some are questioning how long the peace can hold.

ZAMBIA: Tembo’s rags to riches story

Spending nights in the cold, braving drugs in the streets, begging and stealing for survival did not deter Tobias Tembo from becoming a graduate he is today. Tembo's life stands as a true story of rags to riches, as he defied all odds to graduate with a degree in psychology at the University of Zambia.
While he is not materially rich, he has obtained…

ZAMBIA: Former prostitute now a role model

Having slept with hundreds of men, exposed to drugs, Beatrice Chanda's life was condemned to nothing. The possibility of her living a normal marriage life after so many years in prostitution, to anyone seemed impossible. She is happily married now and enjoying her new life with her kids and husband.
After seven years of exchanging sex for money,…

PROFILE: Bassiouny – Unsung Egyptian hero

Several families and love ones are counting their losses following the revolt that swept through northern African country of Egypt recently. It led to the resignation of the antagonist president Hosni Mubarak [the main objective of the uprising]. One of those unsung heroes is Ahmed Bassiouny who died on January 28.
Bassiouny was a sound, visual artist…