On the part of the Nigeria Labour Congress, its President, Joe Ajaero, said poor wages were a major factor fuelling corruption in Nigeria, stressing that it was the right and privilege of all civil servants to earn decent wages. Ajaero, who was represented by the Development Economist, NLC, Hauwa Mustapha, noted that a decent wage […]
Tag: Business and Finance
-Creates over 46, 000 jobs Ministry of Industry stated that the manufacturing industry sector has attracted over 4.68 billion Birr Foreign Direct Investment (FDI) in the first quarter of the current Ethiopian fiscal year. Speaking at the event organized to discuss the ongoing import substitution efforts and to review three months performance of the ministry […]
– Supports 364 industries get back to operation The ‘Let Ethiopia Produce Movement’ is central to transforming Ethiopia’s emerging economy and expediting its economic growth progress, the Deputy Prime Minister and Foreign Minister said. The ‘Let Ethiopia Produce Movement’ String Committee held discussion yesterday with stakeholders on ways to enhance production and productivity of manufacturing […]
Nairobi — Azimio la Umoja One Kenya leader Raila Odinga on Thursday thrilled Kenyans on social media by going live on Tiktok alongside well-known German TikToker Nyako. In a clip on his X account, Raila noted that the content in the Tiktok account is insightful. He encouraged Kenyans to continue being creative and dynamic. “Said […]
Infrastructure investments in West Africa have not kept pace with growth in demand, creating a huge deficit. Against the backdrop of continued economic growth in the region, the need for enabling infrastructure is clearly evident. Although requirements vary from country to country, a huge gap currently exists across key infrastructure areas such as Power, Transport, […]
Low-income earners, like primary school teacher Angelique Uwubuntu, will, starting this November, receive relatively higher pay as the government moves to enforce a relevant provision of the 2022 income tax law, The New Times understands. Uwubuntu told The New Times that the current tax rates of 20 per cent levied on a monthly income of […]
Mwanza — CARGO handled at Lake Victoria ports rose to 79,000 tonnes in the first quarter of this fiscal year, which is above the target of 77,000 tonnes, thanks to increased business operations among East African member states. This was said by Lake Victoria Ports’ Operation Officer, Mr Francisco Mwanga at an event to receive […]
President Bola Tinubu, on Tuesday, wrote to the National Assembly seeking the consideration of the supplementary budget, a day after it was approved by the Federal Executive Council (FEC). The Senate has passed the N2.1 trillion supplementary budget for the 2023 fiscal year, as proposed by President Bola Tinubu. The Senate President, Godswill Akpabio, announced […]
RETAILERS and restaurants in Lesotho have been forced to issue notices advising consumers of the lack of chicken products in their outlets while others have already temporarily closed shop. The absence of chicken and its byproducts in retail outlets is the snowball effect of the government’s decision to impose a ban on chicken imports, following […]
The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) on Wednesday in Abuja enjoined the Federal Government to award 25 per cent of its contracts to Small and Medium Enterprises (SMEs). This is desirable as SMES contribute about 50 per cent of the country’s GDP and employ about 60 million people, SMEDAN’s Director-General, Mr […]
Isaac Ndyamuhahi, a young Ugandan entrepreneur with a background in forestry, is passionate about using nature-based solutions to help communities become more resilient to shocks like poverty and the global climate crisis. He is the founder and team leader of Asili Kwanzaa Uganda, a social enterprise that provides safe, affordable, and sustainable energy solutions. Ndyamuhahi comes […]
The African Continental Free Trade Area (AfCFTA) with support from the World Food Programme (WFP) and in collaboration with the Ghana Community Exchange convened a meeting of heads of African commodities exchanges and associated entities in Accra, Ghana, recently to establish an Association of African Commodities Exchanges under the AfCFTA umbrella. AfCFTA will be creating […]
The National Joint Operational and Intelligence Structure (NatJOINTS) has put measures in place to ensure the 20th African Growth and Opportunity Act (AGOA) Forum takes place in a safe and secure environment. NatJOINTS includes various government departments led by the South African Police Service (SAPS), South African National Defence Force (SANDF) and the State Security […]
Cape Town — Alfajiri Energy Corporation, a Canada-based start-up operated from a private home, was selected by the Democratic Republic of Congo government to extract methane from the country’s notorius “killer” Lake Kivu despite failing to meet the minimum financial requirements, Reuters wrote in an e xclusive report . Sonia Rolley reported that the selection of […]
Managing Director of Nigerian Ports Authority, NPA, Mohammed Bello Koko, has said that the Port Management Association of West & Central Africa, PMAWCA, Annual Council and 18th Managing Directors’ Roundtable on the NPA, would further boost the realisation of African Continental Free Trade Area, AfCFTA. He said this ahead of the event, which is scheduled […]
Uganda’s Ministry of Energy and Mineral has proposed a Bill in parliament that seeks to cut reliance on Kenya for importation of its petroleum products. In a statement from the Ministry on Tuesday, the landlocked nation seeks to cease its reliance on Kenya to access petroleum products citing exposure to “occasional supply vulnerabilities” and an […]
Abuja — President Bola Tinubu has presented a N2.176 trillion 2023 supplementary budget proposal to the House of Representatives on Tuesday. In the breakdown of the budget, the Ministry of Defence received the highest allocation of N476.543 billion, Works was allocated N300 billion, and the Ministry of Agriculture and Food Security got N200 billion. Under […]
Ministry of Agriculture (MoA) disclosed that it has planned to produce 9.8 billion liters of milk in 2023/24 fiscal year out of cattle, camel and goat milk. MoA’s Livestock and Fishery Resource Team Leader Lema Gemeda told the Ethiopia Press Agency said that the Ministry has set to attain 9.8 billion liters of milk in […]