Africa, Billion | featured news

Africa's wealthiest man, Aliko Dangote, says he aims to invest up to $8bn in a major new oil refinery that would double Nigeria's current oil output.

Chinese President Hu Jintao on Thursday pledged African governments $20 billion in credit over the next three years and called for more China-Africa coordination international affairs to defend against the "bullying" of richer powers.

With earth’s population headed for 10 billion, much of the growth is in sub-Saharan Africa, where trends that have lowered birthrates elsewhere have not yet caught on.

World Bank President Robert Zoellick on Tuesday unveiled $6 billion in funding to help Tunisia and Egypt address budget and reserve shortfalls this year and next, following popular uprisings that ended years of dictatorships but which have caused economic stress.

China's premier pledged $10 billion in concessional loans to African nations and said Beijing would cancel the government debts of some of the poorest of those countries.