Business News

Africa-focused company Tullow Oil has announced that it has found oil at one of its north Kenya operations

Toyota has announced that it plans to start commercial sales of fuel cell-powered cars by 2015

One of the final hurdles in the way of Microsoft acquiring the mobile phone business of Nokia has been cleared with the Finnish company’s shareholders agreeing to the sale

Global oil and gas industry recruiter Petroplan is to open its first African office in South Africa

History was made this week with record price for a gemstone shattered in Geneva

On the 3-6 February 2014, the mining world will descend on Cape Town for the Investing in African Mining Indaba event, which celebrates its 20th birthday

On November 7 the first ship called at DP World London Gateway, Britain’s new high-tech shipping port and Europe’s largest logistics hub,  amid hopes that businesses will save millions of pounds

Twitter’s much anticipated IPO proved very successful indeed, with its shares rising 73 percent by the close of its first day as a public company

Foreign banks are to be allowed to set up wholly owned subsidiaries in India for the first time

Mike Teke has been elected as the new president of the Chamber of Mines of South Africa

After a poor showing in the second quarter of 2013, there were signs of renewed M&A activity in the third

After months looking for a buyer, BlackBerry has given up plans to sell the company and has indicated its intent to raise $1 billion  in an attempt to re-boot the brand

Holding company Berkshire Hathaway has seen its profits surge in the third quarter of 2013

The largest US phone company, AT&T is said to be mulling over a potential takeover of Vodafone Group in 2014

Glasgow-based company Weir Group is to invest £70 million into Malaysia over the next three years

Rio Tinto is to sell its 50.1 percent share in the Clermont thermal coal mine to Glencore Xstrata and Japan’s Sumitomo 

London Mining has been awarded a 30-year licence to build and run a giant iron ore mine in Greenland

There is still life left in Australia’s mining boom according to China’s largest iron ore customer

The UK broking platform Funding Circle has announced a merger with San Francisco-based Endurance Lending Network in a move that will raise the profile of the peer-to-peer lending model on both sides of the Atlantic

A consortium led by Brazil’s state-run Petrobras has acquired the rights to explore the country’s biggest oilfield

The go-ahead has been given for the first new nuclear power station to be built in the UK for a generation

With just a few hours to go before the the United States came into the risk of a default, Congress passed a bill to reopen the government and raise the federal debt limit

Base Titanium has commenced mining of titanium in Kwale County, Kenya

Ikea has reported a rise in full-year sales to the end of August, highlighting a gain in market share across nearly all of its markets