Jack Kim

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Ghana braced for smuggled Ivorian cocoa

Ghana is on track for a record 800,000-tonne cocoa harvest this season, the head of sector body Cocobod told Reuters on Thursday, adding that any impact from smuggling from neighbouring Ivory Coast was limited so far.

Nigerian oil output at 2.4 mbpd, within quota-NNPC

Nigeria's combined crude oil and condensate production is currently 2.4 million barrels per day (bpd) but output from Africa's largest crude exporter still remains within its OPEC quota, the state oil company says.

Eni to operate Block 35 offshore Angola

Italy's oil and gas major Eni has won an international tender to operate block 35 in deepwater offshore Angola as it pushes to expand on its core African market and boost deepwater development.

Giant discoveries possible off Angola: Statoil

Norway's oil and gas producer Statoil told Reuters on Wednesday it saw potential for big discoveries in Angola's ultra-deep water blocks, known as pre-salt blocks, in which it was awarded concessions on Monday.

Algeria must tackle youth unemployment: IMF

Algeria must urgently create jobs for its young unemployed, the International Monetary Fund (IMF) said in a report published on Wednesday, highlighting a problem that has fuelled unrest throughout the region.

Africa Oil closes farmout deal on E.Africa blocks

Canada's Africa Oil Corp said on Wednesday it had completed a farmout agreement for three east African exploration blocks to London-listed Tullow Oil Plc, which now holds a 50 percent stake in each of them.

Studio used by Al Jazeera ransacked in West Bank

Armed men damaged a studio used by Al Jazeera television in the West Bank on Wednesday, witnesses said, linking the attack to the channel's coverage of documents that have embarrassed Palestinian leaders.

Bomb attacks on Shi'ites, Iraqi police kill 48

At least 48 people were killed in Iraq on Thursday in bombings targeting Shi'ite pilgrims and police, a third day of bloodshed that posed a challenge to Iraqi security forces as U.S. troops prepare to withdraw.

Iran denies coming to atom talks with new swap offer

Iran said it had no fresh offer to make to revive a nuclear fuel swap proposal but was ready to discuss it in talks with world powers on Friday, and Russia said ways of easing sanctions on Tehran should be addressed too.

Obama pushes Hu on China's currency and rights

President Barack Obama urged Chinese President Hu Jintao to let the value of China's yuan currency rise and delivered a strong message on U.S. concerns over Beijing's human rights record at a summit on Wednesday.

Police fire shots to disperse new Tunis protest

Tunisian police fired shots into the air on Thursday to try to disperse hundreds of protesters demanding that ministers associated with the rule of ousted president Zine al-Abidine Ben Ali leave the government.

Safaricom says bond tranche fully subscribed

Safaricom's second tranche of its five-year medium-term note worth 4.5 billion shillings was fully subscribed, the Kenyan mobile phone operator's chief executive said on Thursday.

Morocco 2010 inflation 0.9 pct, less that f'cast

Consumer prices rose a lower than expected 0.9 percent in Morocco in 2010, with gains in food prices offset by lower communications costs, the state planning and statistics authority (HCP) said on Thursday.

Malawi c.bank will cut rates this year: governor

Malawi's central bank will be able to cut interest rates this year from their current 13 percent because of the southern African nation's steadily easing inflation, Reserve Bank Governor Perks Ligoya said on Thursday.

S.Africa leaves repo rate at 5.5 percent

South Africa's Reserve Bank left its repo rate steady at 5.5 percent as expected on Thursday, citing an improving economic outlook and sustained recovery in domestic consumption.

Protests as Tunisia's new unity cabinet meets

Hundreds of protesters demonstrated in the Tunisian capital on Wednesday to demand the dismissal from the new coalition government of ministers associated with ousted president Zine al-Abidine Ben Ali.

Bomb blast kills 20 Afghan civilians in southeast

Twenty Afghan civilians, including 13 children, were killed by a roadside bomb in southeastern Afghanistan on Wednesday, a senior official said, in the country's deadliest insurgent attack in nearly six months.

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