Hwange Colliery Company Limited (HCCL) remains under administration and on Zimbabwe Stock Exchange (ZSE) suspension, the concern’s management revealed Monday. The coal miner was placed on suspension after government which owns 38% of Hwange moved to place the firm under administration. ZSE announced that the miner will be suspended for the entire duration of the […]
Tag: Business and Finance
Eskom has announced that it will implement Stage 4 and 5 load shedding until further notice. This after breakdowns occurred at several of the power utility’s stations overnight. Stage 4 will be implemented between 5am and 4pm while Stage 5 will commence from 4pm to 5am every day. “Over the past 24 hours, a generating […]
The 6th Mining On Top Africa (MOTA) conference taking place at The Westin Paris – Vendome in the French capital on July 12th and 13th, 2023, is set to feature some of Africa’s most important players in mining. The event, which serves as a strategic forum for key stakeholders across Europe to connect with mineral and […]
Abuja — The reopening of some refineries in Africa and the gradual commissioning of new facilities will mark the recovery of the continent’s downstream industry in 2023, according to Hawilti’s African Refineries report. While sub-Saharan Africa’s refining capacity is still under-utilised at some 40 per cent, Hawilti noted that recovery is on the horizon with […]
The sack fever in the Aviation industry deepened yesterday as the federal government relieved the acting Managing Director of the Nigeria Airspace Management Agency (NAMA), Mr Matthew Pwajok, of his appointment. The government appointed Tayib Adetunji Odunowo, Director of Aerodrome and Airspace Standards at Nigerian Civil Aviation Authority (NCAA), as the new MD in the […]
Zanzibar — ZANZIBAR President Hussein Mwinyi has said that the path towards a sustainable blue economy largely depends on the collective efforts from all partners to ensure coastal and marine ecosystems are well maintained. In a speech read on his behalf by t Zanzibar First Vice-President Mr Othman Masoud Othman at the opening of the […]
THE Dar es Salaam Port has climbed up by 49 places in the World Bank’s latest ranking on the most efficient ports globally. Container Port Performance Index 2022 indicates that Tanzania’s main sea gateway recorded improvement from the 2021 ranking to stand at position 312 from 361 previously. The ranking places the Dar es Salaam […]
-As protesters demand steel giant live up to MDA At least one person sustained a head injury on Monday, May 22, when dozens of citizens staged a protest at Arcelor Mittal Liberia Buchanan’s office demanding that the concession company live up to its Minerals Development Agreement (MDA). The protest follows a weeklong go-slow by employees […]
The Ministry of Agriculture under its RETRAP Project has begun a weeklong training on improving productivity and market access for smallholder farmers at the Central Agriculture Research Institute in Bong County. Liberian-owned agri-enterprises for selected value chains in the project participating counties are also benefiting from the training. Giving an overview of the training on […]
‘Unauthorised’ Biography of Herman Mashaba Pulled Off Market Less than a month after author and political analyst Prince Mashele’s book, The Outsider: Unauthorised Biography of Herman Mashaba was published, Jonathan Ball Publishers have decided to remove the book from the shelves, reports News24. This came after after revelations that the ActionSA leader funded the […]
The national electricity grid cannot be stabilised before the end of the year and load shedding will continue into mid-2024. Construction of new temporary chimneys has not yet started at Kusile. They are designed to replace the flue gas duct that was damaged at Unit 1 in October last year. The new set is a […]
“This is a clear opportunity for Nigeria given the African Union’s commitment to the creation of an African Common Market through the recently established African Continental Free Trade Area (AFCFTA) regime,” Mr Dangote said. The President of Dangote Group, Aliko Dangote, said Monday that the first refined petroleum products from the 650,000 barrels per day […]
Nairobi — Members of New Life church and Kilifi international school are now free to access their respective bank accounts after the High Court declined to extend the freeze order. The accounts include those at Kenya commercial bank, equity, cooperatives bank and the Housing Finance Company (HFC). The investigating officer chief inspector Martin Munene told […]
Nairobi — President William Ruto has defended the proposed 3 percent Housing levy for Kenyans saying it is a collective business of Kenyans. Speaking Sunday during an interdenominational prayer service in Isiolo Boys High school the head of state indicated that Kenya belongs to everyone and each citizen should be involved on issues that concern […]
NBS Bank has introduced ‘open banking’, a form of integrational banking that allows other banks and financial institutions to integrate with its system for various payments to create new and more convenient financial services while promoting financial inclusion. NBS Bank Head of Innovation and Digital Banking, Inqxhuiniso Dzoole-Mwale explained in an interview yesterday that ‘open […]
Self-employed sportsmen and administrators have been urged to enrol onto the Social Security and National Insurance Trust (SSNIT) scheme to shelter their future. “Boxers, footballers, athletes, basketball players and even sports administrators, who are now self-employed should endeavour to register under the SSNIT scheme as Self-Employed.” National Coordinator of the Footballers and SSNIT Registration Process, […]
The Chairman of the Jospong Group of Companies, Dr Joseph Siaw Adjepong, has challenged Ghana to learn from the Nigerian experience and become self-sufficient in rice production. “If Nigeria has done it, we can do it, let’s not reinvent the wheel, let’s copy from them,” he passionately appealed. Dr Adjepong was speaking at a two-day […]
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Ghana: Can We Avoid Future IMF Credit?
At long last, the Executive Board of the International Monetary Fund (IMF) has approved the long-awaited $3-billion bailout being sought by Ghana to reset its economy to ease the hardship in the country. The IMF granted the approval at its Board’s meeting held on Wednesday. According to the arrangement, the IMF will disburse the three-year […]