The few small-scale refineries operating in Nigeria are facing a huge challenge of crude oil supply, as the Nigerian National Petroleum Company (NNPC) Limited continues to focus on exporting the commodity, THISDAY learnt yesterday. Several operators, despite the assurances by the national oil company of support, expressed frustration that despite the huge investments, their facilities […]
Tag: Business and Finance
Nigeria bought emergency supplies of Canadian potash in April after the country was unable to import the key fertiliser ingredient from Russia due to the impact of Western sanctions, the head of Nigeria’s Sovereign Investment Authority (NSIA), Uche Orji, has disclosed. Although he declined to comment on prices, however, spot prices yesterday were up more […]
The President, Nigerian Institution of Structural Engineers, Peter IgbiniJesu, has said most old buildings in Lagos State have outlived their usage. He made this submission while speaking on the Channels Television’s Sunrise Daily on Tuesday on the backdrop of the recurring incidence of building collapse, especially in Lagos. IgbiniJesu, who is also a fellow of […]
Kuala Lumpur, Malaysia — Capital flight from the global South is immense, with widespread adverse effects. A new book proposes measures to curb, even reverse capital flight from Africa. It also offers pragmatic lessons for many developing countries. On the trail of capital flight from Africa extends pioneering work begun much earlier. The editors – […]
Norway’s Pangea Trust, through its equity crowdfunding platform Connect, is unlocking diaspora remittance inflows as funding source for early and growth-stage startups in Africa. Remittances from abroad reached $45 billion in 2021, with Nigeria, Ghana, Kenya, Senegal and Zimbabwe leading the list of recipient countries.
Any views expressed in this opinion piece are those of the author and not of Thomson Reuters Foundation. Mobile SIM registration linked to digital ID is causing exclusion of marginalised groups, and concerns about privacy in the absence of sufficient legal safeguards, especially in nations with a history of abuse by authorities Dr Tony Roberts […]
SMALL entrepreneurs in the country have been challenged to keep on improving quality of processing and packaging their products so that they effectively penetrate the East African Community (EAC) market. Acting Kigoma Regional Administrative Secretary (RAS), Ntime Mwalyambi said this on Monday, while closing a five-day training for business officers of Kigoma regional councils. The […]
COFFEE farmers in Kilimanjaro Region are now turning to organic farming thanks to the high price offered to organic coffee which is twice than the non-organic ones. The latest farmers to enter into the club of organic coffee farming were through Hai District based Lyamungo Agricultural Marketing Cooperative Society (Lyamungo Amcos). The Lyamungo Amcos managed […]
THE fuel price pinch could have been worse if the nation had not been using the bulk procurement system, according to the Commissioner of Petroleum and Gas in the Ministry of Energy, Mr Michael Mjinja. There is apparently no let up in fuel rates as petrol and diesel continue to pinch in the world market, […]
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Tanzania: Dse Closes April On High Note
DAR ES SALAAM Stock Exchange (DSE) closed April with a strong performance as equity turnover more than tripled compared to March. The April’s equity turnover jumped three times to 16.5bn/- from 5.15bn/- that was generated in March. Orbit Weekly Market Synopsis showed that during the month under review the number of shares traded tripled to […]
Bank of Uganda has warned members of the public that it has not has not licensed any company or any person to offer cryptocurrency services in Uganda. ” This is to advise that Bank of Uganda has not licensed any institution to sell cryptocurrencies or to facilitate the trade in crypto-currencies. This is in line […]
Eskom is expected to implement stage two load shedding from 5pm this evening until the early hours of next Monday morning. This after the energy supplier lost generation capacity at several power stations. “This load shedding has been caused by a shortage of generation capacity owing to delays in returning generators to service as well […]
After holding their breath for government to save their pockets from sky-high local fuel prices, motorists received a bit of relief. The anticipation from consumers kicked in after Namibia announced the largest fuel increase ever in her history last month, coupled with significant increases in inflation. After consultations with the finance ministry and other State […]
Some motorists will feel some relief at the fuel pumps from tomorrow when the price of all grades of petrol decreases. This, however, will not extend to diesel, paraffin or gas consumers with all of those expected to increase. The expected fuel and gas tariffs adjustments for May are: A 12c decrease in all grades […]
Information disorder threatens media freedom and democracies across the globe. In the Global South, multi-level responses are needed to counter its spread, said Professor Herman Wasserman, the editor of the recently released “Meeting the Challenges of Information Disorder in the Global South” report. He is based in the University of Cape Town’s (UCT) Centre for […]
Citizens Coalition for Change (CCC) president, Nelson Chamisa, has vowed to revamp the Tripartite Negotiation Forum (TNF) and improve workers’ welfare once he assumes office. In an update on Twitter to mark this year’s Workers’ Day commemorations, the opposition leader said Zimbabwe’s workers have suffered enough, hence the need to enact proper reforms. “As the […]
North West Committee on Agriculture and Rural Development to meet department on their 2022/23 Annual Performance plans and budget On Tuesday, 03 May 2022, the North West Provincial Legislature’s Portfolio Committee on Economic Development, Environment, Tourism, Agriculture & Rural Development will hold a meeting with the Department of Rural Development and Agriculture over their 2022/23 […]
Kampala, Uganda — Uganda’s largest commercial banks reported a sharp growth in earnings in 2021, pointing to the recovery of the economy following its partial reopening. However, some are worried about risks arising from inflation and geopolitical tensions in Europe and Asia. Stanbic Uganda, Centenary Bank, Absa, Standard Charted Bank and Bank of Baroda all […]