Africa Briefs

Sudan in oil talks with foreignersSudan has held talks with Russian oil firm Lukoil and other companies from the United States and Canada on the development of its oil industry after the lifting of US sanctions, its oil minister said.Companies are interested in developing natural gas projects in offshore areas in the Red Sea as well as onshore locations, Abdul Rahman Osman said at an energy conference in Abu Dhabi.The US lifted long-standing sanctions against Sudan in early October, saying it had made progress fighting terrorism and easing humanitarian distress. – Nampa/ReutersEthiopia eyes Boeing's proposed mid-sized jetEthiopian Airlines would be interested in buying around 10 to 20 of the mid-sized jets that Boeing is studying whether to develop, the airline's chief executive said.Boeing is looking at potentially filling a market gap between narrow and wide body jets with a new aircraft that could seat 220 to 270 passengers.Industry sources have said they expect a commercial launch from Boeing of the new mid-sized jet next year. It would enter service in 2024 or 2025 as Boeing attempts to leapfrog the hot-selling Airbus A321neo. – Nampa/ReutersSA's business confidence steady in OctSouth Africa's business confidence index was largely unchanged in October from the previous month, with subdued economic performance limiting business opportunities.The South African Chamber of Commerce and Industry's (SACCI) monthly business confidence index (BCI) stood at 92.9 in October from 93.0 in September.Finance Minister Malusi Gigaba unveiled a gloomy economic outlook in his medium term budget speech on Oct. 25, as he lowered growth forecasts and projected rising debt levels. – Nampa/ReutersEgypt SOE to cash in on mobile sectorAs Egypt's mobile operators thrive, state-owned Telecom Egypt is entering the market in an effort to boost state revenues.In a country with more mobile phone subscriptions than residents, Egypt's only fixed-line operator is hoping to get in on the action with its new mobile service, WE.Critics fear the SOE, which already owns 45% of top existing operator Vodafone Egypt, will enjoy unfair advantages. They have argued that Telecom Egypt's interest in Vodafone Egypt constitutes a conflict of interest. – Nampa/AFP

Africa Briefs

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