Economy Corporate Stories
ENI sells Mozambique stake to CNPC
Italian oil giant ENI has signed an agreement to sell 28.6 percent of its subsidiary Eni East Africa, which owns the Area 4 natural gas field in Mozambique, to China National Petroleum Corp, the country's largest oil producer, for $4.21 billion.
Tokyo stocks back at pre-crisis levels
Tokyo stocks closed 2.64 percent higher Friday, recovering to levels seen not since before the 2008 collapse of Lehman Brothers that heralded the beginning of the global financial crisis.
Investment profile: Nigeria
Nigeria is Africa’s foremost business destination. Over the past decade Africa has been the second-fastest growing economy in the world, with GDP accelerating more than five percent a year on average, according to the World Bank.
