2008

Hess Corporation has just wrapped up drilling on well A1-54/01 in the Arous Al-Bahar prospect in Libya. The well was drilled to a depth of 11,077 feet (3,376 m) in 2,807 feet (856 m) of water and came across a gross hydrocarbon section of…

The great historian A.J.P. Taylor, writing about 19th century European diplomacy, used words to the effect that "it would be tiresome, if every time a rule was established for the period, we had to add 'except for the Italians'." For the…

Monica Monnie would take three buses to her job on the West Side, where she worked for 18 years at a factory. On Monday, Monnie, 61, died when the pink scarf she wore got caught in a machine at the Gaw O'Hara Envelope Factory, causing…

The head of police in Mozambique’s capital Maputo, Feliciano Juvane, was gunned down last night in what police today said they suspected may be the work of organised crime. Juvane, director of order and security at the Maputo City Police…

The African Development Bank (AfDB) Group has approved supplementary loans of 43.10 million Units of Account (UA*), about US$ 64.13 million, to help finance the rehabilitation and upgrading of three major highways in Ghana. The Tema-Aflao…

Vast sums of money criss-cross the globe each day, as millions of migrant workers send a portion of their pay packet home. This surging flow of funds supports one in 10 people on the planet, but the world financial crisis could slam on the…

Kuwait-based wireless carrier Zain this week launched its 3.5G network in Ghana, a territory dominated by local operator MTN Group. Zain, which operates in 22 countries across the Middle East and Africa, has invested over $420m in Ghana…

A 10-year-old pupil of Walewale in the Northern Region, Ibrahim Samudu, rides on a donkey to and from school everyday. His school is several miles away from his home and he must get there through some means of transportation. Ibrahim is…

Tullow Oil headed the FTSE 100 risers after unveiling its second big discovery in the space of a week. Its shares closed 48.5p higher at 620p on news that its Buffalo well in Uganda had found a significant amount of oil. Last week it…

Oil prices rose above $44 a barrel Wednesday in Asia as investors waited to see how big a production cut OPEC will announce at a meeting in Algeria. Light, sweet crude for January delivery was up 65 cents to $44.25 a barrel in electronic…