Minister of Transport Fikile Mbalula has encouraged motorists travelling this festive season to embark on their journey during the daylight as it enhances alertness and visibility. This comes after 13 people died and three were severely wounded in an accident involving a mini bus taxi and a heavy motor vehicle, which took place in the […]
Tag: Business and Finance
President Museveni spent the bigger part of Monday making a case for Uganda as a favourable and profitable investment destination, rallying UK investors to set up business across different sectors of the economy including agriculture and minerals. “The birds of Europe are so clever, unlike the people. During winter, they fly as far as Africa […]
The interim chairman, Management Committee of the Kano Chamber of Commerce Industry Mines and Agriculture (KACCIMA) Mr. Aminu Ahmed has said that the pan African drive shown by the Dangote Group will benefit the Africa Continental and Free Trade Agreement (AFCFTA). Dangote has been consistent in the sponsorship of the Kano International Trade Fair. Mr. […]
Despite Nigeria’s dwindling revenue occasioned by massive oil theft, the country has continued to also suffer loss from its gas resources, as companies operating in the country’s petroleum industry flared 170.5 billion standard cubic feet (BSCF) of gas in 10 months, between January and October 2022, according to latest data from the National Oil Spill […]
Kuala Lumpur, Malaysia — Calls for more government regulation and intervention are common during crises. But once the crises subside, pressures to reform quickly evaporate and the government is told to withdraw. New financial fads and opportunities are then touted, instead of long needed reforms. Global financial crisis The 2007-2009 global financial crisis (GFC) began […]
Green Riders employs young people in Dunoon on e-bikes Finding no job opportunities in his home town of Mthatha in the Eastern Cape, 22-year-old Yandisa Mbhadeko came to Cape Town to look for work, with the hope of saving enough money to fund his journalism studies. While he was staying in a one-room shack with […]
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Nigeria: Govt’s Oil Theft Panel
The Federal Government has, at last, yielded to calls by well-meaning Nigerians to investigate the crude oil theft which has left our economy haggard, despite the oil boom that other oil-producing economies experience. The Pan Niger Delta Forum, PANDEF, had in October this year, prevailed on the Federal Government to institute a Judicial Panel of […]
The workers said they have not been paid for three months. Civil servants in Plateau State have embarked on a five-day warning strike which started on Monday. The workers decided to temporarily stop work following government’s inability to pay their salaries for three months. The workers also decided to go on strike due to the […]
Cape Town — To Accept Independent Report or Not – The Decision Facing Parliament Today After a delay of a week, 400 members of the National Assembly will congregate at the City Hall in Cape Town to vote on whether to accept or reject an independent panel report which has suggested the president may […]
Gov. Ademola Adeleke of Osun on Monday said his administration would recover all monies owed by mining/gold companies operating in state fields. Adeleke said this on the sideline of the inauguration of the solid minieral sector committee in Osogbo. He said the state had no record of any payment made by Segilola and other mining […]
-DSS threat won’t change anything, cabal must be handled — PETROAN Transport fares in Lagos and its environs, yesterday, rose by more than 100 per cent, as the Nigerian National Petroleum Company Limited, NNPCL, and oil marketers battle to find a lasting solution to the fuel shortage. This came as Petroleum Products Retail Outlets Owners […]
The continent is on track to achieve its free trade milestone, but free movement of people remains out of reach. Regional integration is key for Africa’s prosperity. A continental economic community where goods, services and people move freely can help address the continent’s developmental challenges and realise the African Union’s (AU) Agenda 2063 aspirations. Mobility […]
United Nations — The digital divide – between the world’s rich and poor nations –remains staggeringly wide. For over 2.7 billion people, many of them living in developing and least developed countries (LDCs), meaningful connectivity remains elusive, according to a UN report released during the 17th Internet Governance Forum in Addis Ababa, last month. “Bridging […]
Zimbabwe and Zambia both rely on lake Kariba – the world’s biggest dam – for the bulk of their hydro-electric supply. The record-low water level at present means electricity supplies in both countries will be heavily rationed. Zambia will start power cuts from Thursday 15 December which are expected to last six hours at a […]
Ghana, a country with a good reputation for democracy, human rights, governance and economic growth in Africa, endured a difficult 2022. The effects of the COVID-19 pandemic and the Russia-Ukraine conflict inflicted economic pain, leaving the country at the doors of the International Monetary Fund. The year also saw protests over a mobile money transaction […]
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Africa: Putting African Aspirations First
African aspirations, not African leaders, should be the focus of the U.S.-Africa Leaders Summit. This week’s U.S.-Africa Leaders Summit could not have come at a more opportune moment. The first since President Barack Obama hosted African leaders in 2014, it is taking place against the backdrop of a certain urgency, induced by a noticeable shift […]
Nairobi — Russia’s President, Vladimir Putin says that Kenya-Russia relations is critical to the African continent’s security and stability. Putin hailed the Kremlin’s relations with Kenya as “traditionally friendly” in a message to President William Ruto as Kenya commemorates its 59th Jamhuri day celebrations. “I am convinced that their further development in various spheres meets […]
Khartoum — The Sudanese Teachers Committee announced the closure of state schools throughout the country on seven more days this month as teachers partake in strike action to demand an increase in the minimum wage. The Teachers Strike Committee said in a press statement on Sunday that the teachers will embark on a strike on […]