Over the past month, Kenyans have been inundated with divergent accounts from government officials regarding the counterfeit fertiliser crisis. Top-ranking authorities have issued contradictory statements, revealing a troubling lack of coherence on a crucial issue impacting food security. Agriculture Cabinet Secretary Mithika Linturi, addressing the House Committee, disclaimed knowledge of counterfeit fertiliser circulation, directly contradicting […]
Tag: Business and Finance
Today, OCP Group, a global leader in plant nutrition and phosphate-based fertilizers, and Fortescue Energy, part of global green energy, metals and technology company Fortescue Ltd (Fortescue), announced a landmark Joint Venture (JV) in Morocco. This equal partnership aims to supply green hydrogen, ammonia, and fertilizers to Morocco, Europe, and international markets. It includes the […]
RIGHTS group ActionAid has slammed the recent launch of the new structured currency, Zimbabwe Gold (ZiG) saying the nation needs restoration of confidence in the economy, not a new currency. Over the years, Zimbabwe has grappled with the repercussions of currency instability, witnessing the introduction of various currencies, each accompanied by promises of economic recovery. […]
Players in the energy sector value chain on Saturday held a crunch meeting to discuss the erratic power supply in the country. Convened by the Mines and Energy Committee of Parliament, the meeting was attended by representatives from the Ministries of Finance and Energy, the Electricity Company of Ghana, the Ghana Grid Company, the Volta […]
The Reserve Bank of Zimbabwe (RBZ) has said the newly introduced currency Zimbabwe Gold (ZiG) notes and coins will begin circulating on April 30. In a statement, the central bank governor John Mushayavanhu said the old currency known as bond notes will continue working for a grace period of 21 days, while the ZiG is […]
A makeshift ferry with nearly 130 people on board sank off the northern coast of Mozambique. Authorities said some passengers were attending a fair, while others were trying to escape a deadly cholera outbreak. A makeshift ferry capsized and sank off the northern coast of Mozambique Sunday, killing more than 90 people on board, according […]
On 28 March 2024, the car in which former president Jacob Zuma was travelling in KwaZulu-Natal was involved in an accident. Or was it? Misinformation on all sides has been swirling around this incident. On the one side of the social media narrative, some prominent X users claimed the accident was staged, posting photos purporting […]
Kenya Airways (KQ) has commenced training sessions for its cabin crew, aiming to replace the current staff provided under the Airbus wet lease agreement. With a target of training 60 cabin crew members, KQ has already commenced training for 30 personnel, with specialised trainers deployed for the task. To facilitate this transition, KQ intends to […]
Kenya’s Sugar Pricing Committee has implemented a 14 percent reduction in the price of sugarcane, responding to a concurrent decrease in the cost of the commodity on the retail market. In the most recent review, the committee, mandated with periodically assessing sugarcane prices, revised the cost from Ksh5,900 per tonne in March to Ksh5,100, marking […]
The Reserve Bank of Zimbabwe (RBZ) has cut the policy rate to 20 percent from 130 percent previously as it bets on measures to stabilize the newly introduced Zimbabwe Gold (ZiG) currency. The Central Bank has been pegging restrictive interest rates, peaking at 200 percent in 2022, in its quest to curb inflation and discourage […]
As the African Development Bank turns 60 this year, the institution will reflect anew at its upcoming Annual Meetings, on the ongoing economic challenges facing its member countries and the participation of African countries in the global financial system. Prof. Vincent Nmehielle, the Group’s Secretary-General and Kevin Urama, Chief Economist and Vice President for Economic […]
African Development Bank Senior Vice-President Bajabulile Swazi Tshabalala, has held talks with a high-level delegation from JPMorgan Chase, the largest US bank, on potential partnership between the two institutions. The delegation from JPMorgan Chase, led by Masha Gloukhovski, Global Head of the Public Sector, included Olivier Eweck, Head of the Public Sector for Sub-Saharan Africa, […]
Joseph Abuabu Dadzie has been appointed as the acting Chief Executive Officer (CEO) of the Ghana National Petroleum Corporation (GNPC). Prior to his appointment, Joseph Dadzie served as the deputy chief executive (DCE) responsible for Commerce, Strategy, and Business Development within the corporation. Joseph Dadzie’s appointment comes following the tenure of Opoku-Ahweneeh Danquah, who was […]
The Honorable House of Representatives- HOR, has unanimously voted to lift the moratorium on the exportation of unprocessed rubber. It followed a communication from Bong County District #7 Representative, Foday Fahnbulleh. Representative Fahnbulleh recounted the continuous negative impact and unbearable suffering Liberian rubber farmers and all other actors within the rubber sector are faced with […]
… ask President Tinubu to intervene The Minority Caucus of the House of Representatives has condemned the hike in electricity tariffs across Nigeria by the Nigerian Electricity Regulatory Commission (NERC), describing the act as insensitive, inhuman, and evil. According to a statement by the leader of the caucus, Kingsley Chinda, in Abuja on Friday, the […]
Mr Alake, in his response, pledged the support of the Federal Government for SROL, particularly because it promotes local content and positively impacts the host community with developmental projects. The Minister of Solid Minerals Development, Dele Alake, has advised mining companies to emulate the international best practices of the Segilola gold project to develop the […]
THE government has expressed its determination to revive all dormant industries available in all regions across the country. The Deputy Minister for Industry and Trade, Mr Exaud Kigahe spoke of the government’s determination yesterday in Parliament when responding to a question asked by Mwanaisha Ulenge (CCM- Special Seats) who sought the government’s position on plans […]
DODOMA — THE government has assured the public that it is taking affirmative action to ensure the country’s natural gas benefits Tanzanians and contributes significantly to the nation’s economic growth. The Deputy Minister for Energy, Ms Judith Kapiga gave the assurance in Parliament yesterday when legislators, led by Josephat Gwajima ( CCM-Kawe), who sought the […]