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AllAfrica: Mozambique: Food Protests Spread to Central City
Groups of looters attacked stalls in the main markets of the central Mozambican city of Beira on Wednesday afternoon and Thursday morning, according to a report in Friday's issue of the Maputo daily "Noticias".
AllAfrica: Mozambique: Death Toll Rises to Ten in Protests
The death toll from the rioting in Maputo and the neighbouring city of Matola on Wednesday and Thursday has now risen to ten, according to Health Minister Ivo Garrido.
AllAfrica: Mozambique: Maputo Largely Calm, But Riots Spread to Chimoio
After two days of rioting over price rises, Maputo was mostly calm on Friday, but a few minor disturbances occurred in some outlying neighbourhoods.
AllAfrica: Sudan: Good Rains Improve Food Security
Food security in many parts of Southern Sudan is set to improve after good rains, according to recent crop and precipitation assessments.
AllAfrica: Kenya: Africa Delegates Meet in Nairobi Over Food Security
Participants from seven countries meet in Nairobi on Monday and Tuesday to find ways of addressing food security in the region.
AllAfrica: Mozambique: Tense Maputo Counts Cost of Violent Price Riots
Mozambique’s government refused yesterday to reverse this week’s price hikes that have hit the poorest, sparking the country’s worst riots in two years.
AllAfrica: Africa: Leaders Launch Green Revolution Forum
African heads of state, private sector leaders and agricultural experts are meeting in Accra, Ghana today to inaugurate the African Green Revolution Forum.
AllAfrica: Kenya: Prepare for Drought, say Meterologists
More than 80 per cent of the country will be hit by drought before December, the Meteorological Department has warned.
AllAfrica: South Africa: Photovoltaic Firm Opens its First Power Facility
CONCENTRATED photovoltaic firm Concentrix Solar has begun preparations to build a 50MW solar plant in the Western Cape, CEO Hansjorg Lerchenmuller said yesterday.
The Scotsman: Bill McDonald: Economic crisis can be an opportunity, not a problem
ARE we really condemned to ten years of financial misery following the Great Recession or are there new opportunities to realign our troubled economy?
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Africa: Revolution in Agriculture Gathering Momentum
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·Copenhagen talks enter 'new phase'
Copenhagen climate conference enters a 'new phase' as ministers join in intensive negotiations to deliver an agreement by the end of the week, the president of the meeting says
·Obama presses banks to boost lending
President Obama told the US's top bankers that they had a 'special responsibility' to help spur on the economic recovery after they received government bail-outs last year, urging them to increase lending to small businesses and mortgage refinancing
·Darling defies threats on bonus tax
The chancellor has warned he will not water down his 50 per cent supertax on bonuses or offer special deals after brokers and banks threatened to move staff out of the UK
·Clouds mar Europe's sunnier outlook
Prospects have brightenednoticeably since August, when the map was last published, with northern Europe capturing the best of the light. A robust recovery in Germany and evidence of a clear turnaround in France have helped
·Fed to split monetary and liquidity policy
The Federal Reserve is unlikely to make any big changes to its monetary policy stance at the conclusion of its December meeting on Wednesday, though there is a chance it could make some alterations to its provision of liquidity
·Greece moves on costs and corruption
The Athens stock market lost 1.2 per cent in early trading as investors absorbed news of the Greek government's plan to reduce the country's budget deficit
·US banks to repay rescue funds
Citigroup and Wells Fargo unveiled plans to sell a total of up to $30bn in stock and return a combined $45bn to US taxpayers in a move that will free them from heightened government supervision but could hit shareholders
·Japan business confidence remains low
Business morale improves more slowly in the fourth quarter and large manufacturers surveyed by the central bank plan record cuts in capital spending as a strong yen threatens a fragile economic recovery
·China eclipses US in initial public offferings
Chinese stock exchanges raised double the amount of money secured by IPOs across the US showing how activity is shifting from west to east
·Pipeline brings Asian gas to China
The first pipeline bringing central Asian natural gas to China opened, underscoring Beijing's importance to the former Soviet republics. China's president, Hu Jintao, joined counterparts from Turkmenistan, Kazakhstan and Uzbekistan for the ceremony
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·Cosatu demands clarity on essential services workers
The Congress of South African Trade Unions (Cosatu) says Government needs to be clearer on its definition of essential services. Cosatu has also called on Government to finalise minimum service agreement with unions to give union members and their leaders a better understanding of their roles and what is expected of them during strike action.
·US economic worries could impact on Rand
The Rand is steady this morning. Dealers say that the currency may react to external developments today with all eyes on news over the US economy.
·Oil rises on jobs data, dollar
Oil rose for a second day today, supported by a modest improvement in US jobs data and a weaker dollar.
·Ousted communications DG to be redeployed
Ousted Communications Director General Mamodupi Mohlala will be redeployed in another state department after her letter of dismissal was withdrawn by Minister of Communications Siphiwe Nyanda at the Johannesburg Labour Court, today.
·Negative effects of strike felt countrywide
As state services ground to a halt, the repercussions were felt countrywide. Provincial health departments have also confirmed several more strike-related deaths.
·Cosatu in secret talks with ANC over public servant strike
The Congress of South African Trade Unions (Cosatu) has for the first time confirmed that it is engaged in secret talks with the ANC in a bid to find a political solution to the public sector strike. Such talk comes as the labour federation continues to mobilise all its affiliates to embark in a solidarity strike action if a settlement is not reached by next week Thursday.
·Police criticised for firing rubber bullets at protesters
Congress of South African Trade Unions (Cosatu) in the Northern Cape has lashed out at police for using rubber bullets during a public service march in Kimberley, which injured 11 people.
·North West postpones matric exams
The North West has joined four other provinces in postponing their matric preliminary exams. This is despite the Department of Basic Education saying last week that they are not considering a postponement of the preliminary matric exams, to be written in the next fortnight.
·Alliance is in state of paralysis: Cosatu
The Congress of South African Trade Unions (Cosatu) says the tripartite alliance is in a state of paralysis. Cosatu general-secretary Zwelinzima Vavi told the media in Johannesburg, that the alliance cannot even hold an Alliance Summit for fear of implosion - caused by differences on the question of who holds the power in the alliance.
·Cosatu vows not to compromise on workers' demands
The Congress of South African Trade Unions (Cosatu) says it will not accept a defeat of the public servants who are currently on strike. Addressing the media in Johannesburg, Cosatu president S'dumo Dlamini and general secretary Zwelinzima Vavi said while they are working hard to find a solution to the ongoing strike, they will not compromise on the workers' demands.Â
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·Mozambique: Food Protests Spread to Central City
Groups of looters attacked stalls in the main markets of the central Mozambican city of Beira on Wednesday afternoon and Thursday morning, according to a report in Friday's issue of the Maputo daily "Noticias".
·Mozambique: Death Toll Rises to Ten in Protests
The death toll from the rioting in Maputo and the neighbouring city of Matola on Wednesday and Thursday has now risen to ten, according to Health Minister Ivo Garrido.
·Mozambique: Maputo Largely Calm, But Riots Spread to Chimoio
After two days of rioting over price rises, Maputo was mostly calm on Friday, but a few minor disturbances occurred in some outlying neighbourhoods.
·Sudan: Good Rains Improve Food Security
Food security in many parts of Southern Sudan is set to improve after good rains, according to recent crop and precipitation assessments.
·Kenya: Africa Delegates Meet in Nairobi Over Food Security
Participants from seven countries meet in Nairobi on Monday and Tuesday to find ways of addressing food security in the region.
·Mozambique: Tense Maputo Counts Cost of Violent Price Riots
Mozambique’s government refused yesterday to reverse this week’s price hikes that have hit the poorest, sparking the country’s worst riots in two years.
·Mozambique: Violent Protests Over Price Hikes Hit Maputo
September in Mozambique's capital has begun with violent protests. Thousands have been striking over an increase in the prices of basic goods, including bread. Police responded with force - firing on crowds gathered on the streets in several suburbs and townships in and around Maputo.
·Mozambique: Unrest Worsens Living Conditions - President Guebuza
Mozambican President Armando Guebuza on Wednesday evening warned citizens that the riots that took place in Maputo and Matola only brought pain and grief, and would lead to the deterioration of living conditions.
·Liberia: Govt Signs U.S. $1.6 Billion Oil Palm Investment Agreement
The Government of Liberia (“GoL”) and Golden VerOleum (Liberia) Inc. (“GVL”) Thursday, September 2, announced a partnership for the cultivation of sustainable palm oil by the company and by Liberian smallholders and farmers, mill processing and value-added manufacturing. The investment is expected to total US$1.6 billion, creating more than 35,000 direct jobs and building a whole new economic sector in Liberi ...
·Africa: Leaders Launch Green Revolution Forum
African heads of state, private sector leaders and agricultural experts are meeting in Accra, Ghana today to inaugurate the African Green Revolution Forum.
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·Nigeria: PHCN Privatization - FG Dismisses Fear of Mass Sack
The federal government yesterday dismissed fears of mass sack at the Power Holding Company of Nigeria (PHCN), following its planned privatisation.
·Nigeria: BPE Pegs May 2011 for PHCN Privatization
The privatization of the 18 successor companies of Power Holding Company of Nigeria (PHCN) is expected to be concluded by May 2011, the Director General of the Bureau of Public Enterprises (BPE) Ms Bolanle Onagoruwa has said.
·Nigeria: Privatisation of 18 Power Firms Ends May 2011
The privatisation of the 18 successor companies of Power Holding Company of Nigeria (PHCN) is expected to be concluded by May 2011, the Bureau of Public Enterprises (BPE), has said.
·Nigeria: CNPP - Jonathan's Power Sector Plan a Mirage
The Conference of Nigerian Political Parties (CNPP) yesterday said the Power Sector Roadmap Reform plan unveiled by President Goodluck Jonathan will be "a mirage and dead on arrival."
·Nigeria: Govt to Privatise Power Sector
Nigeria's President Goodluck Johnathan has laid out plans to privatise most of the national electricity sector, in a bid to end the country's daily power cuts. In a speech from Lagos on Thursday, Johnathan called for a "revolution" in Nigeria's energy sector.
·Ethiopia: Agency Increases Privatisation By 46 Percent
The Privatisation and Public Enterprises Supervising Agency (PPESA) sold 18 government owned enterprises in 2009/10, improving on its performance from the previous year by 46pc.
·Nigeria: PHCN - NCP Approves Sale of 11 Distribution Firms to Core Investors
The National Council on Privatisation (NCP) has approved "core investor" sale strategy for the privatisation of the 11 distribution companies created out of Power Holding Company of Nigeria (PHCN.)
·Zimbabwe: Zesa Seeks Power Generation Bailout
ZESA Holdings has drawn up a plan for the transfer of its small power plants around the country to private operators as it battles to meet increasing demand for power in a recovering economy. Zimbabwe's maximum power demand stands at 2100 mega-watts (MW), against internal dependable capacity of 1700 MW from the Kariba Hydro Power Station (750 MW), Hwange Thermal Power Station (780 MW) and three small thermal power pl ...
·Namibia: Private Sector Credit Continues Upward Trend
The private sector credit expanded by 6.3% during the month of June due to a further deceleration in the annual rate of inflation according to an economic update released this week by Bank Windhoek Economist Dr John Steytler.
·Nigeria: Privatisation Council Orders Sale of Mint Shares
The National Council on Privatization (NCP) has directed the Nigerian Security Printing and Minting Company (NSPMC) to proceed with the sale of its 80 per cent share holding in Pacific Printers Nigeria Ltd (PPL) to the minority shareholder of the company at a total sum of N249.5 million.
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·Insurers lift Kuwait market over 7,300 points
The KSE Market or Price Index finished 0.38% higher at 6,703.2 points due to strong gains in the insurance segment. Gulf Insurance Co. (up 8.16% at KD0.530) posted the largest advance. Real estate and foof companies performed weaker. Over the week the KSE bourse added 0.86%.
·Qatar Exchange gains two percent over the week
After the Tokyo bourse reached a 16-month high, gulf markets posted modest gains, as the QE Index in Doha ended 0.76% higher at 7,305.96 points. Positive market reports from Standard and Poor's and Credit Suisse have helped the QE Index to gain over two percent during the trading week of August/September. Qatar National Bank (QNB) advanced 0.40% too QR143.60. QNB has paved ways to become a shareholder in Bank Kesawan ...
·Abu Dhabi stocks gain across the board
All sector stock indices in Abu Dhabi landed in the green (with two exceptions) as the ADX General Index closed 0.12% higher at 2,494.52 points. Real estate bellwether Aldar Properties added 0.44%, closing at Dhs2.27. Energy giant Taqa recovered slightly from yesterday's losses, closing 0.85% higher at Dhs1.18. Taqa responded to reports dealing with its former CEO Peter Barker-Homek who sued Taqa for being allegedly ...
·Asian market rally lifts local Dubai bourse
The DFM General Index surged 0.76% to 1,497.78 points, thanks to a last-minute rally which ended a stuttering trading day. Emaar (up 1.22% at Dhs3.32) was the most liquid stock, while Shuaa Capital recovered by 2.22% at Dhs0.92. Bank Emirates NBD failed to join and ended 0.41% lower at Dhs2.42. Over the week, however, the DFM did not gain territory as the benchmark index remains deadlocked around 1,500 points.
·World Bank to allow Lebanon to borrow $550m
The World Bank has said an agreement has been reached with Lebanon that allows the country to borrow between $375m and $550m over the next four years to fund its economic and social programmes, Reuters has reported. "It offers an opportunity to improve social inclusion and the provision ofquality public services, while addressing debt management and fiscal stability," Shamsad Akhtar, vice president for the Middle Eas ...
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