business
News
Southern Africa: Will Zim Fully Enjoy FTA Benefits?ZIMBABWE, whose economy has been reduced to a basket case owing to years of mismanagement, is among the 12 southern African states that committed themselves to setting up a free trade area (FTA) at the weekend, but concern mounted this week that the country may not get a fair deal from integrating its sickly economy with the rest of the region.
Source : AllAfrica | 28-Aug-2008 15:55
Kenya: NSSF Boss Sent On Forced Leave
The head of the National Social Security Fund has been sent on a 90- day leave pending retirement.
Source : AllAfrica | 28-Aug-2008 15:35
Uganda: Kick Taxis, Boda Boda Out of City
Order is urgently needed in Kampala City.
Source : AllAfrica | 28-Aug-2008 15:29
Cameroon: China Invades Country With Cheap, Fragile Goods
They arrived in trickles - a Chinaman, hawking cloth, needles, threads, selling cakes, eggs, shoes, cheap showy jewellery - bangles, trinkets, artificial flowers, electronic gadgets and the like.
Source : AllAfrica | 28-Aug-2008 15:09
Namibia: Communication Wars Expose Legal Vacuum
The legal vacuum in the communication industry is becoming apparent with the three communication operators involved in a vicious fight over annual bottom lines.
Source : AllAfrica | 28-Aug-2008 14:41
Namibia: Councillors Seek Ways to Empower Women
Councillors in the Caprivi and Kavango regions recently met at Rundu to discuss ways through which women programmes could be given priority in the national budget.
Source : AllAfrica | 28-Aug-2008 14:41
Libya: LPTIC Heads for Full NGN Implementation With Pilot Local Access Projects
Libya's national incumbent LPTIC has embarked upon what is probably the most ambitious overhaul of a telephone network in the whole of Africa. It plans to put in place a fibre Next Generation Backbone Network (NGBN) and has pilot projects to extend IP delivery at a local level. The impact of new fibre network will also improve both its connections to its neighbours and internationally. Russell Southwood looks at what's happening.
Source : AllAfrica | 28-Aug-2008 14:27
South Africa: Govt Spends Billions on 2010 World Cup
South Africa has earmarked a whooping $30bn for preparation towards 2010 World Cup which would be hosted for the first time in Africa.
Source : AllAfrica | 28-Aug-2008 13:41
Nigeria: Force Can't Solve Niger Delta Crisis - Anyaoku
Former Secretary-General of the Commonwealth, Chief Emeka Anyaoku, has said crisis in the Niger-Delta region cannot be solved by the use of armed force, but through dialogue and negotiations.
Source : AllAfrica | 28-Aug-2008 13:40
Uganda: USADF Invests in Coffee Production
The United States African Development Foundation will directly invest in the Gumutindo Coffee Co-operative Enterprise Ltd (GCCE), an organic and fair trade cooperative located in the rural area of Mbale Town, Uganda. GCCE?s focus is to sell coffee produced by its 7,500 member farmers located in the hilly and remote areas surrounding Mbale.
Source : AllAfrica | 28-Aug-2008 12:26
Nigeria: New USADF Grants Fund Rural Ginger Farmers
The United States African Development Foundation signed two grants today benefitting small ginger farmers in rural Nigeria. The Sabon Sarki Boda Market Ginger Farmers? Cooperative Society (SSGFCS) and the Macedonia Ginger Farmers? Cooperative Society (MAGFACOS) are both located in the Kaduna State of the country and will receive $76,381 and $78,166 respectively. If the groups perform well under this project, they will be eligible to apply for a second round of funding.
Source : AllAfrica | 28-Aug-2008 12:26
Nigeria: Militants Kidnap Isreali
An Isreali construction worker has been kidnapped in Port Harcourt Rivers State, but no group has claimed responsibility for the abduction.
Source : AllAfrica | 28-Aug-2008 11:52
Uganda: Baby Dead After Bus Plunges Into River
A search for the body of a two-year-old child started yesterday following the Tuesday accident in which a mini-bus plunged into River Aswa on the Gulu-Pader district border.
Source : AllAfrica | 28-Aug-2008 11:42
Uganda: Amproc Wins World Bank Contract
The American Procurement Company (AMPROC) has won a World Bank-funded project to audit 60 government agencies in Malawi.
Source : AllAfrica | 28-Aug-2008 11:42
Ghana: Union Rural Bank Makes Strides
In spite of the volatility on the global economy, as a result of price hikes of food and crude oil, the Rural Union Bank (URB) was able to record phenomenal growth last year, due to prudent and insightful measures embarked upon by the management.
Source : AllAfrica | 28-Aug-2008 11:22
Nigeria: EFCC Arrests Ibeto Cement Boss
Economic and Financial Crimes Commission (EFCC) is still holding the Chairman of Ibeto Cement Company, Port Harcourt , Cletus Ibeto who was arrested on Tuesday following allegation of breach of contract.
Source : AllAfrica | 28-Aug-2008 11:01
Nigeria: Equities' Value On NSE Dips Further By N37.32 Billion
The bearish trend on the Nigerian Stock Exchan-ge (NSE) continued yester-day, as the value of listed securities dipped by N37.32 billion. This was represented by the depreciation in the market capitalisation, which dropped by 0.42 per cent to close at N8.81 trillion from N8.85 trillion at which it opened.
Source : AllAfrica | 28-Aug-2008 10:49
Nigeria: N-Delta Crisis Has Perilous Implications - Anyaoku
FORMER Commonwealth Secretary-General, Chief Emeka Anyaoku, declared yesterday that the current socio-political situation in the Niger Delta was "a major national crisis with potentially perilous implications that will go beyond our national economy if not properly resolved."
Source : AllAfrica | 28-Aug-2008 10:49
South Africa: More Citizens Plan to Travel Abroad, Spend More
RESULTS of the latest MasterCard Worldwide Consumer Lifestyles survey have revealed that, despite a recent decrease in consumer confidence, a growing number of South Africans continue to plan holidays and business-related trips abroad.
Source : AllAfrica | 28-Aug-2008 10:44
South Africa: Buoyant Sector Boosts Murray & Roberts' Orders
WHILE many sectors of the economy are choking in a high inflation environment, construction companies are powering ahead, underpinned by the government's multibillion-rand infrastructure expansion programme.
Source : AllAfrica | 28-Aug-2008 10:44
South Africa: Pothole Economics
WATCH out if you're driving around Durban (eThekwini). The city has cut spending on maintaining its roads 21% annually over the past three years.
Source : AllAfrica | 28-Aug-2008 10:44
Southern Africa: Engen on Buying Spree in Region
PETROLEUM products group Engen is on a buying spree as it feeds its seemingly big appetite for downstream acquisitions in its quest to be a market leader in southern Africa.
Source : AllAfrica | 28-Aug-2008 10:36
South Africa: Cabinet Approves Formalised Skills Plan to Replace Jipsa
The cabinet has approved the broad framework for a human resource development strategy (HRDS-SA) to start working from April next year.
Source : AllAfrica | 28-Aug-2008 10:36
Africa: Unep Report Says Fuel Subsidies Benefit Rich
Governments have been urged to stop offering fuel subsidies in order to help reduce emission of greenhouse gases.
Source : AllAfrica | 28-Aug-2008 10:31
Nigeria: Country Now World's Highest Producer of Cassava
NIGERIA is now ranked the world's highest producer of cassava with a production capacity of 40 million metric tonnes.
Source : AllAfrica | 28-Aug-2008 10:29
Heed Experts On Wages
Experts in economics at the University of Dar es Salaam are urging the Government to set a decent minimum wage for workers.
Source : AllAfrica | 28-Aug-2008 10:17
Reform of Private Sector Crucial
Reform of the public sector to create an enabling environment for the growth of private investment is a goal the Government has clearly set for itself. To ease services to businesses and even individual citizens, old policies are being reviewed to facilitate these changes and embrace new initiatives.
Source : AllAfrica | 28-Aug-2008 10:17
South Africa: Inflation at 13 Percent, Near Its Peak, Say Experts
SA's main inflation rate rose to 13% last month, a touch above forecasts, but government bonds rallied on the view that yesterday's figures helped the case for keeping interest rates steady for the rest of the year.
Source : AllAfrica | 28-Aug-2008 10:15
South Africa: Sandton Nurses to Picket for Increase
NURSES at Sandton Medi- Clinic will down tools tonight following the failure of wage increase negotiations.
Source : AllAfrica | 28-Aug-2008 10:15
South Africa: Fuel Price to Fall - By Less Than Hoped
BAD news for motorists: petrol prices could fall less than the widely expected R1 a litre if the minerals and energy department decides to channel some of the money towards what is known as the slate account.
Source : AllAfrica | 28-Aug-2008 10:15
Botswana: Written Contracts Can Help Combat Stigma - Kraai
HIV and AIDS activist Zolani Kraai of BONEPWA, says that chambermaids should have written contracts just like other workers to ensure job security.
Source : AllAfrica | 28-Aug-2008 10:08
Southern Africa: SADC Free Trade Area Scraps Tariffs
Early this month, 11 out of 14 members of the Southern African Development Community (SADC) signed a document that will abolish tariffs.
Source : AllAfrica | 28-Aug-2008 10:08
Botswana: Competition Policy Crucial for SADC-Ps
For the SADC Trade Protocol to yield the desired results competition policies must be effectively implemented by the 14-member states, a senior Botswana government official, has said.
Source : AllAfrica | 28-Aug-2008 10:08
Kenya: Former CEO Arraigned For Insider Trading
Former chief executive of Kenya Commercial Bank Terrence Davidson was on Wednesday arraigned in court on charges of insider trading.
Source : AllAfrica | 28-Aug-2008 09:53
Women Challenge King Mswati
Hard on the heels of the signing of the Gender Protocol at the Southern African Development Community (SADC) heads of state summit, Swazi women have challenged King Mswati III on the monarchy's lavish lifestyle in the face of abject poverty and disease.
Source : AllAfrica | 28-Aug-2008 07:52
Sierra Leone: Commission Launches First Human Rights Report
A barefoot girl watches expressionless as men clad in expensive suits and women in designer clothes make their way on foot to the Community Centre in Kroo Bay, Freetown.
Source : AllAfrica | 28-Aug-2008 07:46
Southern Africa: Maize May Suffer From High Input Costs
High fertiliser and fuel prices in South Africa may impact the 2009/2010 maize harvest in the region's largest producer, a grain farmers' body warned.
Source : AllAfrica | 28-Aug-2008 07:37
Cameroon: Coping With Obsolete Prisons Infrastructure
There is an endemic overcrowding of prisons found in Cameroon. The number of inmates found in different prisons in Cameroon triples the original capacity of these prisons. There is the absence of rehabilitation in these prisons and the probation facilities of most prisoners are far-fetched. These old and obsolete infrastructure and equipment, mostly inherited from the colonial era, as well as the tightness of detention cells are some of the major problems in prisons that can not be over looked by the government.
Source : AllAfrica | 27-Aug-2008 18:06
South Africa: Country's Capital Expenditure Remains Robust
South Africa's economy remains in good health despite a slowdown in consumer spending.
Source : AllAfrica | 27-Aug-2008 17:35
South Africa: Savings Snag
INFRASTRUCTURE spending and rising capital investment will help support SA's economy in the face of slowing consumer demand, but may not prove to be the panacea many are hoping for.
Source : AllAfrica | 27-Aug-2008 16:24
South Africa: Knocking Heads
THE skirmish between BHP Billiton and the Competition Commission over BHP Billiton's information disclosure does not augur well for the pending merger inquiry.
Source : AllAfrica | 27-Aug-2008 16:19
Tanzania: Govt to Issue International Bond
Tanzania has announced plans to issue an international bond to raise money for infrastructure financing.
Source : AllAfrica | 27-Aug-2008 15:45
Sudan: Ugandan Among Hijack Victims
An unnamed Ugandan national is one of 96 passengers of a Sudanese plane that was hijacked forced to land in Libya.
Source : AllAfrica | 27-Aug-2008 15:40
South Africa: Consumer Price Index Records at an All Time High
Price increases in food, fuel and electricity as well as transport have pushed July's Consumer Price Index (CPI), excluding interest on mortgage bands (CPIX), to an all-time high of 13 percent year-on-year (y/y).
Source : AllAfrica | 27-Aug-2008 15:36
South Africa: Black Executive Pay an 'Urban Legend'
HIGHLY skilled black professionals are not paid excessively more than their white counterparts, says a leading executive search firm.
Source : AllAfrica | 27-Aug-2008 15:18
Sudan: Hijackers Release Passengers in Libya
Two hijackers who seized a Sudanese airliner flying from the Darfur region to the capital, Khartoum, have released the flight's 87 passengers in Libya, the Sudan Tribune newspaper reported Wednesday.
Source : AllAfrica | 27-Aug-2008 15:07