Liberia's parliament on Thursday ratified a 1.6 billion US dollar (1.2 billion euro) concession granted to Indonesian palm oil giant Golden Veroleum to develop plantations in the west African nation. The agreement was signed last month, however according to the constitution each concession has to pass...

South Africa's foreign minister said Thursday the informal grouping of fast-growing emerging economies known as BRIC -- Brazil, Russia, India and China -- should add South Africa to become BRICSA. "We have doubled our efforts on BRIC and we remind them that it does not sound complete without SA at the...

Nobel Peace laureate and former UN secretary general Kofi Annan on Thursday said calls on African governments to give priority to agricultural funding are starting to bear fruit. "We have long called on African governments to break from the past practices of underfunding agriculture and curtailing the...

The system will connect the west coast of Africa to South America Emerging undersea cable operator eFive Telecommunications has appointed Alcatel-Lucent to build a system that will connect the west coast of Africa to South America. It is raising the $400 million (R2.9 billion) needed for the...

NEW YORK, Sept. 1 (Xinhua) -- Leaving the worst August in ten years behind, the U.S. stocks started September with a strong rally on Wednesday as market confidence in global recovery was restored. Mounting concerns about the health of the economic recovery pressured all three major indexes sharply lower...