Lagos- Nigerian (PANA) -- In what has been described as its largest Sub-Saharan African privatisation investment to date, the International Finance Corporation (IFC), an arm of the World Bank, has agreed to assist the sale of Nigeria's Eleme Petrochemical Company Limited to a private investor with an investment of US$155 million, to support the growth of the country's nascent petrochemicals industry. Full text...

Dakar- Senegal (PANA) – Production ceased on Wedne-sday at all units and factories in the Senegalese Chemical Industries (ICS), the country's biggest industrial firm, due to the lack of phosphate, hydrocarbons and handling equipment, sources close to the company's "Mines" and Chemicals" sites in Mbao and Darou- Khoudoss told PANA. Full text...

Lagos- Nigeria (PANA) -- Nigeria's President Olusegun Obasanjo has approved the release of funds for the turn around maintenance of the Eleme Petrochemicals Company Ltd, a subsidiary of the state- run Nigerian National Petroleum Corporation (NNPC), the local press reported Monday. Full text...