GE expects $1 billion a year in solar sales

Citing recent success in alternative power, GE Energy, a subsidiary of General Electric Co. is hoping to boost its solar energy sales to $1 billion annually by the end of the decade, the head of GE’s solar business said.

Africa to Suffer Oil Shock

The Standard Chartered Bank in its report African Quarterly says that although Africa is a net oil exporter, the continent will still be worse-off as a result of higher oil prices.