In South Africa, with very rapid growth in renewables, one thing we do not need is an unreliable transmission network. If we do not focus closely on where new power sources are going to appear, plan ahead for expanding the network and ensure that new capacity fits in, we will see the sort of problems […]
Tag: Business and Finance
The Wadi-B Well in the Lake Chad Basin area of Borno State is expected to produce 943 million barrels of oil. President Muhammadu Buhari flagged off the resumption of drilling in the well on Tuesday. Joining the spud-in ceremony virtually at the Wadi-B oil well drilling in Tuba community, Jere LGA, Buhari said although the […]
Nairobi — Safaricom 5G users will enjoy free internet services for one month starting this month. Users will be eligible for five gigabytes with time lapses of 24 hours. The offer, which will begin on May 24th, is redeemable on the Safaricom app, the telco said. “We continue to avail exciting data offers and invest […]
Dodoma — MEMBERS of Parliament have aired mixed opinions over involvement of the private sector in the operation of Dar es Salaam Port, as part of efforts to continue improving efficiency for national development. They suggested that involvement of the private sector will also help in attracting new technologies and expertise to enable the port […]
The International Monetary Fund (IMF) has poorly rated Malawi on the first review of the Malawi staff monitored program, the first step towards the qualification for extended credit facility (ECF). IMF says Malawi faced implementation challenges during the first review of the Malawi Staff Monitored Program with Executive Board Involvement based on end-December 2022 targets. […]
A mysterious disease is affecting growth of cloves, Zanzibar’s major export crop causing panic among farmers in Unguja and Pemba. This has prompted the Zanzibar Minister for Trade and Industries Development, Mr Omar Said Shaaban, to direct researchers to investigate the disease-causing wilting of cloves leaves. More than 500,000 clove trees have been affected in […]
South Africa’s Nursing Shortage Becoming Critical, Netcare Says South Africa’s largest private healthcare network, Netcare, says that the country is facing a critical shortage of nurses, reports Bloomberg on TimesLive. Though most South African hospitals have their own nursing colleges, only designated universities can issue professional nursing qualifications. The country has an estimated shortage […]
President Cyril Ramaphosa has described the Lesotho Highlands Water Project (LHWP) as a project that has not only made history, but has brought hope to the citizens of both Lesotho and South Africa. The President was speaking at the launch of Phase 2 of the LHWP at Polihali Dam in the mountain kingdom. “I would […]
CITIZENS Coalition for Change (CCC) leader Nelson Chamisa has in his election campaign promised to fix economic problems currently bedevilling Zimbabwe, which has seen retail prices soaring and the local currency fast losing its value against the USD. Chamisa who is set to contest in the August polls against Zanu PF candidate President Emmerson Mnangagwa […]
Nairobi — Total and Africa Oil have quit Project Oil Kenya in Turkana County. Tullow Oil plc, a global independent oil and gas exploration and production firm, will now fully acquire the project. The 100 percent equity takeover is now awaiting approval from the government. Tullow Kenya BV Managing Director Madhan Srinivasan disclosed that the […]
eThekwini Municipality has announced that the city is finalising the amended load shedding schedule to be effective from 25 May 2023. In a statement issued by the municipality, the city confirmed that following discussions with Eskom, the city’s loadshedding schedule is being revised and a new schedule will be effective from Thursday. eThekwini has been […]
The Ministry of Roads and Highways, has been urged to develop a policy where contracts awarded to road contractors will include a clause that will make them responsible for the planting of trees along the road. This, according to the convener and founder of the Green Republic Project, Mr Nana Yaw Osei-Darkwa, would help mitigate […]
The Monetary Policy Committee (MPC) of the Bank of Ghana has maintained the Monetary Policy Rate (MPR) at 29.5 per cent on the back of local and global inflation. The policy rate is basically the rate at which the BoG borrows to commercial banks in the country, which serves as benchmark for the banks to […]
Addis Ababa — The implementation of social protection programs in Ethiopia plays vital role to sustaining peace and stability as well as consolidating national unity in the country, World Bank Country Director in Ethiopia, Ousmane Dione said. The Country Director made the remark today during the opening of the two-day high-level national social protection conference […]
Nairobi — The price of a 400-gram loaf of bread has increased by Sh10 amid the rising cost of sugar and fuel. A spot check by Capital Business at various retail stores showed that a 400-gram now costs Sh70 from Sh60, one day ago. The increase comes after a two-kilo packet of sugar increased to […]
The Mayor of Kumasi, Mr Sam Pyne, on Monday, cut the sod for the construction of an office complex for the Bantama Sub-Metro. According to him, the General Assembly of the Kumasi Metropolitan Assembly (KMA) approved the project in 2022 when the 2023 budget was brought before it. He said the construction of the office […]
Former Tourism minister Walter Mzembi has blamed Mthuli Ncube for failing to tame spiralling prices of basic commodities, which are militating against President Emmerson Mnangagwa’s re-election bid for a second and final term. In recent weeks, the value of Zimbabwe’s local currency has dropped dramatically by the day. This has seen prices of basic commodities […]
In an address today to the African Development Bank Annual Meeting, the COP28 President-Designate, Dr. Sultan Al Jaber, called for a major boost to public and private finance to allow the African continent to battle climate change. “ Africa has huge potential for low-carbon growth and sustainable development. But one critical challenge stands in its […]