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Southern Africa
Business Report: Eskoms secret business deals come to light
ESKOM has secret deals with 138 big companies that pay dirt cheap prices for electricity, possibly as low as 9c per kilowatt hour.
Business Report: Pick n Pays Raymond Ackerman says goodbye
Retail colossus Raymond Ackerman bid his team an official farewell today, after over 40 years at the helm of supermarket group Pick n Pay.
Business Report: Food firms face fixing blow
The countrys big four consumer food groups - Tiger Brands, Pioneer Foods, Foodcorp and Premier Foods - will come before the Competition Tribunal again for a ruling on alleged price-fixing in their milling divisions since 2006.
Business Report: World Cups main beneficiary is Fifa, and SAs slice slims
Early estimates of the economic benefits to South Africa from the World Cup seem to have been too optimistic.
AllAfrica: Nigeria: 'Uncertainty Over PIB Puts Investment On Hold'
THE controversial Petroleum Industry Bill, PIB, currently being considered by the National Assembly has once again generated criticisms by the International Oil Companies, IOC's operating in the country with some stating that uncertainties around the bill have frozen further investments in the Nigerian oil and gas sector.
AllAfrica: Rwanda: Nuru Energy Rwanda Wins Entrepreneur Award
Nuru Energy Rwanda, has won the grand prize of the Global Social Entrepreneurship Competition in Seattle, USA, the company said in a statement.
AllAfrica: Rwanda: Food Prices Surge
Continuous heavy rains around the country have destroyed gardens, leading to a surge in food prices in Kigali, a mini survey carried out by the Business Times revealed.
AllAfrica: Rwanda: Investor Protests to Gov't Over Leased Forest
Pfunda Tea Factory SARL has contested a government's decision to resettle over 300 residents from Gishwati Forest to Kanembwe forest which was leased to the factory by the government.
AllAfrica: Rwanda: Only 30 Percent Taxes Paid to Kigali City
With just over two weeks to the deadline for paying taxes for the financial year 2010, only 30 percent of taxpayers have so far honoured their obligation to Kigali City, Alphonse Nizeyimana, the vice Mayor in charge of Finance and Economic development in Kigali City said yesterday.
AllAfrica: Rwanda: PSF Restructuring Was Meant to Make It More Relevant to Stakeholders - Acting CEO
Molly Rwigamba is the Acting CEO of Private Sector Federation (PSF) the umbrella body for the country's private sector. Her appointment comes after PSF has been undertaking some restructuring exercise whose key thrust was to it make more relevant to the changing needs of its members .In this exclusive interview Rwigamba talks to The New Times' Fred Oluoch-Oj ...
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Rwanda: OTC Market Report - Tuesday, March 9, 2010
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Cameroon: Celebrations Propel Business Returns
Cameroon: Konye - Cocoa Farmers Benefit From IITA Expertise
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·Zimbabwe: Diamond Mining Firms Face Stern Parliament Rebuke
Two state authorised diamond mining firms, who have been mining the controversial Chiadzwa alluvial fields, could face a stern parliamentary rebuke for avoiding two consecutive parliamentary hearings on their activities.
·Africa: Create Jobs and All Else Will Follow
Bill Gates' commitment at the World Economic Forum in Davos, Switzerland, to give $10 billion over the next decade to develop and distribute vaccines to children in the world's poorest countries has stimulated an interesting discussion on what would be the best use for such a largecharitable gift. It's an important discussion too, as more very wealthy entrepreneurs use their charitable giving to change the whole para ...
·South Africa: IMF Warns Against Weakening Nation's Currency
FORCING the rand to weaken would be a "very shortsighted" move for SA to make, Dominique Strauss-Kahn, MD of the International Monetary Fund (IMF), said yesterday.
·Uganda: PM Explains How Chopper with Aid For Landslide Victims Crashed
"THE weather was bad as we left Lwakhakha. I told my colleagues not to worry because death is instant in a plane accident. They became cheerful," Prime Minister Apolo Nsibambi, admitted in Mulago Hospital, told his visitors yesterday.
·East Africa: Plans on for Region's U.S.$900 Billion Railway
The East African Community (EAC) secretariat is organising a regional conference aimed at actualisation of a US$900bn East African Railway Master plan which will cost $900 billion.
·Uganda: Indian Firm Plans Telecoms Takeover This Month
Kuwaiti-based Zain, which was last year a headlines maker after its July announcement that it was looking at its options in Africa including a possible sale of its networks, is back in the news.
·Africa: Africa Is Back
In the wake of the global financial crisis, there is a fresh energy in Sub-Saharan Africa--and a broad consensus on the road ahead. Above all, there is the strong sense that Africa's destiny will be driven by Africans, not by others.
·Africa: Internet Set for Radical Change
The board of the international body that assigns internet addresses will this Friday vote on key strategic policies that will drive the future of internet.
·Rwanda: SIMTEL's News ATM Deal is a Blessing to Bankers
For a long time there has been a public outcry on the number of days it takes, for one to acquire an ATM card. Those who are tired of queuing in banks for a long period of time have always demanded for better and innovative ways of easing the banking processes.
·Zimbabwe: Civil Servants' Strike Called Off
Leaders of unions representing civil servants have called off their strike, ostensibly to give dialogue a chance.
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·Tunisia: Prime Minister Chairs Meeting of Higher Council of Scientific Research and Technology
The Prime Minister Mr. Mohamed Ghannouchi pointed out that scientific research represents a strategic sector for Tunisia, one on which the economy rests, and on which the country relies on in its march towards modernity and progress.
·Tunisia: Country Aims At Boosting Use of Renewable Energies in Building Sector
The development of new and renewable energies in the building sector was the focus of a meeting held on Thursday in Tunis.
·Tunisia: Road Safety Association to Recruit 300 University Graduates
Within the framework of the presidential measures to recruit 10, 000 university graduates by 2011, and in line with the agreements signed on the implementation of the national program of voluntary civil service, a framework agreement was signed on Thursday in Gammarth between the Ministry of Vocational Training and Employment and the Tunisian Association of road safety (ATPR).
·Tunisia: 1,200 Companies Benefit From Industrial Modernization Program
Funded by the European Union at a height of 95 million dinars (50 million Euros), the industrial modernization program (PMI) has benefited 1,200 companies out of 5747.
·Tunisia: Prime Minister Inaugurates International Conference On Industrial Modernization
The Prime Minister, Mr. Mohamed Ghannouchi inaugurated on Friday in Gammarth, north of Tunis, the international conference on industrial upgrading and modernization which was attended by brotherly and friendly countries, regional and international institutions, as well as experts.
·Tunisia: President Ben Ali Receives Utica's Chairman
President Ben Ali received, on Friday the Chairman of the Tunisian Industry, Trade and Handicrafts Union (UTICA), Mr. Hedi Djilani.
·Tunisia: Tunisair Resumes Minor Pilgrimage Flights
Following the announcement by the Ministry of Religious Affairs of the opening of the "Omra" season (minor pilgrimage), Tunisair announced in a communiqué released on Friday the resumption of flights taking pilgrims to perform the rites of the minor pilgrimage.
·Tunisia: Country Hosts International Conference On Industrial Modernization
At the initiative of the Ministry of Industry and Technology, jointly with the assistance of the Delegation of the European Union in Tunisia (EU) and the Tunisian Union of Industry, Trade and the Handicrafts (UTICA), Tunis hosts on Friday, an international seminar on the theme: " With industrial modernization: take a technological lead."
·Tunisia: Nation to Set Up Code of Conduct for Banking and Customer Relations
Among the objectives laid out by Tunisia for the next five years, is the increase to 5% of the contribution of the banking sector in the country's GDP by 2014, against 3% currently, said the Governor of the Central Bank of Tunisia (BCT), Mr. Taoufik Baccar, during a meeting of the board of Banking Services Center (OSB) on Thursday.
·Tunisia: ICT - Mahdia to Host Second Edition of Computer Security Event
At one time, the coastal city of Mahdia was known as a pirate den. Today however, it is a thriving fishing town which also boasts some of the country's best hotel facilities, as well as pristine beaches that attract tens of thousands of visitors each summer.
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·West Africa: Farmers Receive Boost from UN Organic Food Exporting Initiative
Some 5,000 West African farmers are reaping the rewards from a United Nations scheme aimed at helping them export produce to the growing organic food market in the industrialized world.
·Nigeria: Napep - 40 LGs to Raise N12 Billion for Micro Finance
National Poverty Eradication Programme (NAPEP) said it is working with 40 local government areas in the country to raise at least N12 billion for micro financing to the poor under its Village Solutions programme.
·Nigeria: House, Stakeholders Brainstorm On Diaspora Commission Bill
The House of Representatives' Committee on Diaspora assembled stakeholders in Abuja last week to brainstorm on the proposed Act to establish the Nigerians in Diaspora Commission.
·Nigeria: FG Supports Osun Airport Bid
The Federal Government at the weekend assured the Osun State Government of its support in ensuring the take-off of an airport in the state.
·Nigeria: Cattle Dealers - We Lose N5.5 Billionn to Multiple Taxation Yearly
Cattle dealers in the country said they lose about N5.5billion to multiple taxation every year.
·Nigeria: Jonathan Seeks End to Strikes in Varsities
Irked by what he described as the intermittent disruption of academic activities in the nation's tertiary institutions through worker's strikes and other forms of unrests, Acting President, Goodluck Jonathan has expressed concern over the development, noting that urgent steps must be taken to forestall further closure of the nation's citadels of learning.
·Nigeria: Neco Rakes in N40 Million From Job Seekers
Only 26,000 applicants were shortlisted out of the 80,000 unemployed youths who applied for various vacant positions at the National Examination Council (NECO).
·Nigeria: Labour Lauds FG for Halting Sale of Refineries
The organised labour, yesterday in Abuja, commended the Federal Government's decision to shelve the sale of the country's four refineries.
·Nigeria: 'Uncertainty Over PIB Puts Investment On Hold'
THE controversial Petroleum Industry Bill, PIB, currently being considered by the National Assembly has once again generated criticisms by the International Oil Companies, IOC's operating in the country with some stating that uncertainties around the bill have frozen further investments in the Nigerian oil and gas sector.
·Nigeria: Ports, Refineries Access Roads Gulp N18.7 Billion - FG
The Minister of Works, Housing and Urban Development, Dr. Hassan Muhammad Lawal, has disclosed that the total value of the contracts awarded in respect of access roads to the ports and refineries stood at N18.7 billion.
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·Rwanda: SIMTEL's News ATM Deal is a Blessing to Bankers
For a long time there has been a public outcry on the number of days it takes, for one to acquire an ATM card. Those who are tired of queuing in banks for a long period of time have always demanded for better and innovative ways of easing the banking processes.
·Rwanda: Nuru Energy Rwanda Wins Entrepreneur Award
Nuru Energy Rwanda, has won the grand prize of the Global Social Entrepreneurship Competition in Seattle, USA, the company said in a statement.
·Rwanda: Food Prices Surge
Continuous heavy rains around the country have destroyed gardens, leading to a surge in food prices in Kigali, a mini survey carried out by the Business Times revealed.
·Rwanda: Investor Protests to Gov't Over Leased Forest
Pfunda Tea Factory SARL has contested a government's decision to resettle over 300 residents from Gishwati Forest to Kanembwe forest which was leased to the factory by the government.
·Rwanda: Only 30 Percent Taxes Paid to Kigali City
With just over two weeks to the deadline for paying taxes for the financial year 2010, only 30 percent of taxpayers have so far honoured their obligation to Kigali City, Alphonse Nizeyimana, the vice Mayor in charge of Finance and Economic development in Kigali City said yesterday.
·Rwanda: PSF Restructuring Was Meant to Make It More Relevant to Stakeholders - Acting CEO
Molly Rwigamba is the Acting CEO of Private Sector Federation (PSF) the umbrella body for the country's private sector. Her appointment comes after PSF has been undertaking some restructuring exercise whose key thrust was to it make more relevant to the changing needs of its members .In this exclusive interview Rwigamba talks to The New Times' Fred Oluoch-Ojiwah about this broad restructuring programmes as well as ot ...
·Rwanda: OTC Market Report - Tuesday, March 9, 2010
Equity Market
·Rwanda: Audit Exposes Gaping Hole in Rwamagana Finances
Rwamagana-Auditors from Office of the Auditor General have discovered cases of huge administrative and financial mismanagement in Rwamagana district.
·Rwanda: What's Next, 'The Fundamental Right to Sit in the Municipal Park'
If, like me, you listen to the Beeb (that's slang for the BBC if you didn't know) every night, these are some of the headlines you expect to hear as soon as you switch on the radio: "Three Marines dead in Iraq" . "Israel is building more settlements in the West Bank "The US Health Care Bill is being filibustered" "Somali pirates highjack an Italian registered freight ship".
·Rwanda: Counry to Ease SME Tax Declarations
Rwanda is to ease tax declarations for Small and Medium Enterprises (SMEs) in a bid to facilitate new ones to form and existing ones to grow.
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·Uganda: PM Explains How Chopper with Aid For Landslide Victims Crashed
"THE weather was bad as we left Lwakhakha. I told my colleagues not to worry because death is instant in a plane accident. They became cheerful," Prime Minister Apolo Nsibambi, admitted in Mulago Hospital, told his visitors yesterday.
·East Africa: Plans on for Region's U.S.$900 Billion Railway
The East African Community (EAC) secretariat is organising a regional conference aimed at actualisation of a US$900bn East African Railway Master plan which will cost $900 billion.
·Uganda: Indian Firm Plans Telecoms Takeover This Month
Kuwaiti-based Zain, which was last year a headlines maker after its July announcement that it was looking at its options in Africa including a possible sale of its networks, is back in the news.
·Kenya: IMF Pushes for Insurance on Bank Deposits
Bank depositors may sleep more soundly if the Kenya government adopts IMF proposals to speed up the introduction of deposit insurance as part of reforms to strengthen the financial sector.
·Kenya: Regulator Must Consult
Reports that the Insurance Regulatory Authority (IRA) has sanctioned the increased cost of transport insurance, commonly known as cartage insurance, by eight per cent are disturbing.
·Tanzania: Manufactured Exports Decline 2 Percent in 2009
TANZANIA'S export of goods went down by 2.0 per cent to USD 2,634 million, largely due to a decrease in manufactured exports during the year ending December 2009.
·Ethiopia: Dams Across Nile to Generate 4,000MW Plus
Ethiopia gave 290 million Br worth of consultancy contracts for the feasibility studies of what could become two of the world's largest hydroelectric dams.
·Uganda: Nsibambi Injured in Helicopter Crash
Prime Minister Apolo Nsibambi was injured yesterday after a Police helicopter he was travelling in crashed in Bugiri District.
·Kenya: Country Moves to End Oil Inspection Charges Row
The government has summoned the Kenya Bureau of Standards and oil importers to a meeting on Monday next week to sort out the controversy over a multi-million oil inspection tender.
·Kenya: Banks Ought to Spur Growth of Business
Kenya's big commercial banks have reported healthy profits in the middle of bad economic times. The trend is worth celebrating. Indeed, the healthy financial services sector is itself a manifestation of the resilience of our economy.
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