Tullow Oil has sold its 11% interest in the onshore M'Boundi field in Congo to the Korea National Oil Company (KNOC) for $435m (€293m).

Seven African leaders today reviewed efforts to restore peace in Somalia and Uganda and attempts to resolve a festering border dispute between Eritrea and Ethiopia.

AHEAD of his first trip to Africa, US President George W Bush was last night set to announce a $100 million counter-terror plan for the continent and address one of its worst conflicts by calling on Liberian President Charles Taylor to resign.