Africa

 

UPDATE 3-Nigeria, costs blot Shell profits

* Nigeria thefts, disruption could cost country $12 bln/yr

Recent Africa News

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Rising costs, Nigeria troubles blot Shell profits

LONDON - Rising costs, a surge in oil thefts and disruption in Nigeria and other negative factors hit profits at Royal Dutch Shell on Thursday, leading outgoing chief executive Peter Voser to call the second quarter result "disappointing". | Video

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Zimbabwe poll 'seriously compromised': ZESN monitors

HARARE - Zimbabwe's leading domestic election monitoring agency cried foul on Thursday over this week's poll, saying the credibility of the vote was "seriously compromised" by irregularities on polling day.

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Tsvangirai's MDC says 'monumental fraud' in Zimbabwe vote

HARARE - Zimbabwe Prime Minister Morgan Tsvangirai's MDC party on Thursday said Zimbabwe's elections had been a "monumental fraud" after a source in President Robert Mugabe's ZANU-PF earlier claimed a resounding victory.

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Mugabe beats Tsvangirai in Zimbabwe election: ZANU-PF source

JOHANNESBURG - A senior source in Zimbabwe President Robert Mugabe's party claimed a resounding victory in Wednesday's parliamentary and presidential election against Prime Minster Morgan Tsvangirai's Movement for Democratic Change (MDC).

South Africa's MTN says H1 earnings up 20-25 pct on forex

JOHANNESBURG, Aug 1 - MTN Group, Africa's largest mobile operator, said on Thursday first-half profits likely rose by as much 25 percent, helped by positive currency swings from its vast operations outside South Africa.