The year 2023 has so far not been a good one for Africa. Conflict has erupted in Sudan, deepened in the Democratic Republic of Congo and spread southward from the Sahel. Extreme weather, often attributed to climate change, has triggered devastating droughts and floods in places like Kenya and South Sudan, deepening poverty. Many African […]
Tag: Business and Finance
TANZANIA is making major headway towards implementation of the flagship energy projects, so as to sustain energy security, with 42 billion US dollars (about 92tri/-) Liquefied Natural Gas (LNG) plant in Lindi Region inching closer to reality. Significantly yet, prospect of oil discoveries at Wembere-Eyasi basin in the country also beckons with the state-owned Tanzania […]
AS the Africa Human Capital Heads of State Summit kicks off today in Dar es Salaam, the meeting is expected to be a stepstone towards developing a human capital that is key to any economic development within the continent. Permanent Secretary in the Ministry of Finance, Dr Natu Mwamba briefing journalists on the sidelines of […]
The Central Bank of Nigeria, CBN, yesterday raised its benchmark interest rate, the Monetary Policy Rate, MPR, again, to 18.75 per cent in a bid to curb inflation. The MPR is the benchmark for interest rates in the economy. Meanwhile, the CBN has assured that it will continue to intervene in the foreign exchange, forex […]
The chairperson and the commissioners accused themselves of impropriety and nepotism. The Chairperson of the Federal Character Commission (FCC), Muheeba Dankaka, and some of its commissioners were, on Wednesday, engaged in accusations and counter-accusations of impropriety and nepotism at the resumed hearing of the House of Representatives ad hoc committee investigating job racketeering at federal […]
Last week, I watched footage on social media that suggested that the domestic market for tie-and-dye/adire fabrics is being gutted by cheap imports of similar looking fabrics from China. The pitch went beyond the now familiar need to protect the livelihoods of domestic producers. It was more wistful pointing out how adire clothing is included […]
PRASA has snubbed City of Cape Town’s attempts to take over management of Metrorail The taxi strike earlier this month underscored the need for a properly functioning rail service in Cape Town. In light of PRASA’s failure, the City wants to run the train service. Legislation dictates the City can do so, but PRASA and […]
NOW that the long wait for the unveiling of who is going to be who in the Tinubu administration is over, we start our discussion this week on that subject. And to say that the choice of individuals that the president has selected to work with him as ministers appear to be an indication that […]
Monrovia — In the wake of huge criticisms from political opponents and critics, President George Manneh Weah has justified and outlined reasons for the move made by his government to engage into the trading and exportation of electricity to neighboring Ivory Coast, despite limited supply to thousands of households in Monrovia and other parts adjacent. […]
BRICS Chair President Cyril Ramaphosa’s media briefing remarks announcing the outcomes of the XV BRICS Summit Excellencies, Members of the Media, Good Afternoon, We successfully concluded the 15th BRICS Summit yesterday. It is the first BRICS Summit to be hosted in-person since the COVID-19 pandemic and the subsequent global travel restrictions. Leading up to the […]
Parliamentary Legal Affairs Committee adds credence that it is important that Malawian laws need to be reviewed as frequently as practical and thus supports the review of Competition and Fair Trading Act (CFTA) and its Regulations, which Competition & Fair Trading Commission (CFTC) is undertaking. Speaking at a sensitization meeting in Salima on Saturday, the […]
The 15th BRICS Summit and the BRICS – Africa Outreach and BRICS Plus Dialogue was held in Sandton, Gauteng, South Africa from 22nd -24th August 2023. This well-organised BRICS Summit, much credit to the Government of South Africa, was the third and historical one to be hosted by South Africa. It was well attended by […]
Many farmers in Ogun State have been forced to change occupations after oil spillage caused by vandalism of NNPC pipelines destroyed their farmlands Samsom Odeyemi wistfully recalls when he was a successful farmer in his native community of Itajirin in the Ogere Remo area of Ogun State. Mr Odeyemi earned millions of naira annually from […]
The Nigeria Extractive Industries Transparency Initiative (NEITI) says Nigeria requires $20 billion annually to achieve the desired gas expansion plan to bridge the country’s gas infrastructure. Dr Orji Ogbonnaya Orji, NEITI Executive Secretary, at the policy dialogue on Nigeria’s Decade of Gas Action plan on Monday in Abuja said given the shrinking fossil fuel investment […]
A new trend has emerged among the elite of the African music industry – owning, or renting, private jets. While the concept of African artistes acquiring such luxurious assets would have been perceived as a distant dream a few years ago, today, a number of prominent African celebrities have defied the odds and taken to […]
Indian businessman Upjit Singh Sachdeva has disclosed that his US$35 million rubber-processing factory investment in Weala, Margibi Count will generate between US$40 to US$50 million in foreign exchange and contribute substantially to the Gross Domestic Product (GDP) annually for the Liberian Government. In addition to the huge sum of money that Mr. Sachdeva who is […]
“We have people that compromise, including domestic and foreigners who are all culpable.” Security agencies have accused some Ministries, Department and Agencies (MDAs), including oil companies and communities in the Niger Delta, of colluding to steal the country’s oil. The security agencies said this when they appeared before the House of Representatives ad hoc committee […]
As police and prosecutors test new legislation, what are the challenges of using digital evidence? In one of the first cases of its kind, South Africa’s 2020 Cybercrimes Act has been put to the test to secure a conviction of incitement based on WhatsApp evidence. It is a major step forward in the use of […]