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Boon or doom: Cap des Biches in Senegal is an 86 MW thermal generation facility developed and constructed by Contour Global in two phases.
Photo: Contour

IFC’s new gas projects will destroy Africa

This is a familiar pattern. International financial institutions socialise risk and privatise profit, while invoking development rhetoric to justify fossil fuel expansion in the…

Can of worms: KwaZulu-Natal Police commissioner Lieutenant-General Nhlanhla Mkhwanazi laid the ground work for the commissions and probes currently sitting.

A glance beyond the 6 July presser

The public confrontation between senior officials, the establishment of inquiries and the intense public debate surrounding the allegations all indicate that accountability…

Done deal: FNB Zambia CEO Kapumpe Chola and Stanchart Zambia CEO Sonny Zulu after signing the deal
that saw FNB acquire Stanchart WRB business. Photo: FNB Zambia

Major shift in African banking

As foreign banks retreat from the continent, local lenders are stepping up to fill the gap

‘The truth of the matter is this: inanimate objects have power — to define

Climate summit: The greening of international finance

New instruments have been developed to help mobilise financing for projects to mitigate climate change, but measuring their impact remains difficult

Mellow yellow: Gold saw a slight rise and held firm this week and the SPDR Gold Trust said its holdings rose by 3.89 tonnes on Tuesday.

Gold fix study indicates a decade of manipulation

A research paper has raised the possibility that banks have been working together to manipulate the London gold fix rate.

French banks come out fighting

French banks come out fighting

The exasperated chief executive of Société Générale, stood in front of investors in New York on Tuesday this week for some "straight talk".

Banks suffer under Greek default fears

Mounting fears over the possibility of a Greek debt default and signs of division within Europe’s policymaking circles sent bank stocks sharply lower.

Kerviel’s rogue-trade trial gets under way

Kerviel’s rogue-trade trial gets under way

Alleged rogue trader Jerome Kerviel went on trial on Tuesday, accused of unauthorised deals that cost Société Générale €5-billion.

How rogue bankers lose billions of dollars

The admission by French bank Société Générale on Thursday that a single trader had defrauded it of €4,9-billion ($7,15-billion) is just the latest example of how a rogue…

Oil sets new record at $97

Oil leapt more than a barrel to a new record high of ,44 on Tuesday, as a weak dollar and tight fuel stocks prompted buying by speculators. Investors, wary of global equity…