US & Canada 17 January 2018 Share this with Facebook Share this with Twitter Share this with Messenger Share this with Messenger Share this with Email Share Share this with These are external links and will open in a new window Email Share this with Email Facebook Share this with Facebook Messenger Share this with Messenger Messenger Share this with Messenger Twitter Share this with Twitter Pinterest Share this with Pinterest WhatsApp Share this with WhatsApp LinkedIn Share this with LinkedIn Copy this link https://www.bbc.com/news/world-us-canada-39732845 Read more about sharing. These are external links and will open in a new window Close share panel One year ago, the US elected a man who prefers plain speaking to the language of diplomacy. Find out what President Donald Trump has said about your country, which foreign leaders he has met or called since taking … [Read more...] about What has Trump said about your country?
Nigerian sovereign wealth fund
Asset sales from Saudi power plants and football clubs to African energy firms are set to help deliver a bumper year for deals in the region.Investment banks expect the pace of transactions in the Middle East and Africa seen in the first quarter to gain momentum. Mergers and initial public offerings in the first three months of 2018 were higher in value than in the same period last year, while bond sales were the second-highest on record, according to data compiled by Bloomberg. Bankers say that with a good pipeline of deals to work on, activity should increase further.Globally, economic growth and relatively cheap funding have encouraged firms to buy rivals. In the Middle East, lower oil prices are prompting governments to seek external funding from bond and asset sales. IPOs raised $3.2 billion in the first quarter, making it the most active start to a year since 2015, the data show. Completed mergers worth $4.2 billion exceeded the $3.6 billion a year earlier.“Momentum that … [Read more...] about Banks See Fast Pace for Mideast and Africa Deals in Bumper Year
By Duncan Miriri LOKICHAR, Kenya (Reuters) – In the decades before oil was discovered in the northern Kenyan region of Turkana South, 100,000 poor villagers living in arid scrubland relied on a lone church-run health centre in Lokichar town for medical help. Since Tullow Oil found crude there six years ago, the London-listed company has funded a 40-bed referral hospital, school classrooms and dormitories, provided village water points graded roads, and paid for scholarships to generate goodwill. Seeing the potential benefits of oil, residents of the poorest of Kenya’s 47 counties now want the central government to make up for decades of neglect by ploughing nearly a third of expected oil revenues back into Turkana. The central government has other ideas. Parliament passed a draft bill in 2016 allocating 20 percent of any state oil revenue to local government and 10 percent to communities living where the crude was discovered, leaving 70 percent for the central government in … [Read more...] about Row over Kenyan oil revenues threatens to delay production