Finance

Cameroon eyes 50 percent hike in oil output in 2012 – Interactive Investor

NIAMEY (Reuters) – Commercial oil production, slated to begin next month, will help boost economic growth in Niger to 8.5 percent next year, over double the 3.8 percent forecast for this year, the West African regional central bank BCEAO estimated.

Sundance waives bank letter condition for Hanlong takeover – SteelGuru

Sundance’s acceptance of Hanlong’s 57 cent a share cash proposal to buy stock it doesn’t already own in the Australian iron ore developer is subject to conditions, including receiving a “Highly Confident Letter” from China Development Bank Corp …

Sundance chairman George Jones stands by Hanlong Mining – PerthNow

which straddles the border of Cameroon and the Democratic Republic of Congo. Just before the shareholder meeting, Sundance announced that Hanlong had failed to secure a ‘letter of confidence’ from China Development Bank (CDB), which was needed before …

Petroperu eyes 20 pct of $3 bln Braskem project – Reuters

Humala, a former radical who has largely governed as a moderate since taking office in July, wants to exert greater control over strategic resources, while continuing to court foreign investment in the fast-growing economy.

Cameroon : Pm Yang Receives Spanish Investors – AllAfrica.com

He had a working session with the investors who are on an exploratory mission to Cameroon. A group of more than a dozen Spanish investors currently exploring investment opportunities in Cameroon have expressed their interest in building …

Orange Money reaches 3 million customers and plans to extend its offer in cooperation with Western Union – WebWire

Orange Money has tripled its customer base in the past year and continues to grow with the recent launch of services in two new countries: in Botswana in partnership with the Standard Chartered Bank, and in Cameroon in partnership with … Continue reading

Sundance Resources moves closer to Mbalam Iron and Congo Mining permit – SteelGuru

In July 2011, Sundance and Hanlong along with representatives from CITIC Securities and China Development Bank met with his Excellency Mr. Paul Biya, the President of Cameroon, in Beijing, China to discuss the Mbalam Project. On 21 October 2011 the … Continue reading

BREAKFAST DEALS: Sundance plod – Business Spectator

While Sundance Resources was delighted to report progress in Cameroon, the company’s share price was unmoved … is still running the numbers on Fairfax Media, big investment banks see some action in Gold Coast property and Murchison Metals is, finally … Continue reading

Sustainable Economic Growth: is Income Equality the Answer? – International Business Times

Sustained growth is what separates a South Korea (which saw GDP per capital rise from $155 to $20,757 in 50 years) from a Cameroon (which saw a 17 … foreign direct investment, exchange rate competitiveness and external debt.