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/ 22 June 2007

Nigeria strike talks deadlocked

Nigeria’s crippling general strike entered its third day on Friday after overnight talks between labour unions and government ended in deadlock. Banks and schools remained closed across the country. The price of what little fuel was available on the black market continued to climb with public transport costing four times the usual price.

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/ 22 June 2007

Libya to supply Kenya with cheaper oil

Kenya is set to receive oil from Libya at preferential rates according to a bilateral agreement signed earlier this month between the leaders of the two countries. Insiders in the oil industry say this makes it likely that Kenya will award the contract for the establishment of a petroleum facility of $45-million to a Libya-connected investor.