Exiled former cabinet minister, Jonathan Moyo has warned that the recent threats by Finance minister Mthuli Ncube to crack down on businesses over price hikes will only worsen the already dire situation. The recent collapse of the Zimbabwean dollar against the USD has resulted in price hikes in supermarkets which are now doubling prices, making […]
Tag: Business and Finance
The Construction Industries Federation (CIF) of Namibia said it is mandatory for construction sector employers to register their most vulnerable workers with a pension fund, and assist with contributions. CIF chief executive officer Bärbel Kirchner said in a statement that the provision applies to all contractors, as per the collective agreement between CIF and the […]
The Seychelles’ Public Utilities Corporation (PUC) and the Department of Energy are currently assessing prospective government buildings to install photovoltaic panels, said a top official. These are the latest steps Seychelles is taking towards achieving 15 percent renewable penetration by 2030 and the greater vision of hitting net-zero emissions by 2050. “We are assessing whether […]
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West Africa: MTN Leaving Liberia
— The move is, according to US news agency Bloomberg, part of a plan by MTN Group Ltd to trim its portfolio and focus on a large market. The parent company of Lonestar Cell MTN is planning to exit Liberia to focus resources on core markets, including Nigeria and Ghana. The news comes as Lonestar, […]
Nigeria Union of Petroleum and Natural Gas Workers, NUPENG, has counseled Asiwaju Bola Tinubu, as he takes over the presidency of the country, not to rush in removing subsidy in Premium Motor Spirit, PMS, commonly known as petrol because of its socio-economic implications. NUPENG in a statement by its President and General Secretary, Prince Williams […]
Less than 24 hours to the end of his administration, President Muhammadu Buhari through the Minister of Aviation, Senator Hadi Sirika has constituted the boards of aviation agencies. This was coming after almost a decade of running the agencies without boards. Daily Trust reports that the Federal Government since the inception of the present administration […]
Abuja — Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, declared at the weekend that the outgoing administration tackled numerous challenges, implemented transformative policies, and laid the groundwork for sustainable and inclusive economic growth. Ahmed spoke at a send-forth ceremony in Abuja, where friends, associates and development partners, among others, applauded her contributions […]
The Western Cape High Court has dismissed the applications of Minister Gwede Mantashe and the National Nuclear Regulator for leave to appeal against its ruling that the axing of anti-nuclear activist Peter Becker from the National Nuclear Regulator board was unconstitutional. The Western Cape High Court has refused applications by Mineral Resources and Energy Minister […]
Big business supported Cyril Ramaphosa when he threw his hat in the ring for the ANC presidency in 2017. But the goodwill around him is fading fast. President Cyril Ramaphosa’s management of the economy over the past five years has come under intense criticism, with prominent business leaders warning that he is fast running out […]
As a young girl of 13, the arrival of my first period filled me with an overwhelming sense of shame. I vividly recall an incident in my classroom when one of my classmates accidentally stained her uniform with period blood. The boys erupted in laughter, mercilessly mocking her. This girl was exceptionally bright and consistently […]
Nairobi — The Government is committed to delivering 25,000 free Wi-Fi hotspots across the country. President William Ruto said this will help micro, small and medium-sized enterprises to engage in e-commerce. The President said the free wireless network will also give young Kenyans the opportunity to explore online job opportunities. “There are millions of online […]
Addis Ababa, Ethiopia — The Mastercard Foundation and First Consult have announced the Micro, Small, and Medium Enterprise Recovery and Resilience (“MESMER”) Program to support 72,200 informal, start-up, and formal enterprises. The program will also create 410,800 jobs within enterprises by building the resilience and growth prospects of MSMEs through access to finance, business development, […]
Gaborone — Botswana President Mokgweetsi Masisi has again criticized a 54-year-old partnership with world-leading diamond producer De Beers, saying his country will not back down on demands for an improved deal. Under the current arrangement, due to expire next month, Botswana gets 25% of rough diamonds mined under its partnership with De Beers, and the […]
Our country is going through a period of transition following one of its most challenging periods. Covid-19 really put us on the back foot. Globally, every nation had to deal with the socio-economic fallout from this devastating pandemic. Thankfully, Namibia’s economy is seeing the first shoots of recovery, which is positive news. This cautious recovery […]
Abuja — The Managing Director/Chief Executive, Tangerine General Insurance, Mr. Mayowa Adeduro, has said the adoption of Financial Technology fintech remained a critical tool for financial inclusion and poverty eradication in the country. He said there is a fundamental need for investment in infrastructural development including IT and Fintech as currently obtained in developed countries. […]
NBS said the reduction in growth is attributed to the adverse effects of the cash crunch experienced during the quarter. Nigeria’s economic growth slowed in the first quarter of 2023 as the Gross Domestic Product (GDP) grew by 2.31 per cent year-on-year within the quarter, the National Bureau of Statistics has said. The statistics bureau […]
President Yoweri Kaguta Museveni has today afternoon visited Bukoto Central Youth Link Coffee Factory at Kamuzinda village in Kyanamukaka sub-county, Masaka district where he urged farmers to add value to their output in order to uplift their welfare. On arrival, the President was welcomed by the team of coffee farmers led by Julius Kanamwangi, the […]
Consistent with the Biden-Harris Administration’s commitment to the highest levels of transparency in trade agreement negotiations, the Office of the United States Trade Representative (USTR) today released summaries of texts proposed by the U.S. side during the first negotiating round of the United States-Kenya Strategic Trade and Investment Partnership (STIP), which was held in Nairobi, […]