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added: Wed, 28th September 2005 | 617 views | 0x in favourites
feed url: http://allafrica.com/tools/headlines/rdf/business/headl...
AllAfrica News: Economy, Business and Finance
President Umaru Musa Yar'Adua yesterday visited Yenagoa, the capital of Bayelsa State in what is his first visit to the Niger Delta region since he was sworn in as president of the federal republic.
You've heard of solar power, and also wind power. Now, you might start hearing about soil power as well.
Mozambique's Deputy Minister of Mineral Resources, Abdul Razak, on Friday reiterated the government's commitment to join the Extractive Industries Transparency Initiative (EITI), and outlined the steps it will take during the rest of this year to set up its EITI participation.
Hunger is giving a brutal edge to the alleged work of militias implementing Operation Mavhoterapapi (Who did you vote for?), a campaign launched by President Robert Mugabe's ZANU-PF government in the wake of the ruling party's loss of its parliamentary majority for the first time since independence in 1980.
"We do not have any one way of dealing with Zimbabwe," said the International Monetary Fund (IMF)'s acting director for the African department Benedict Christensen last month.
The Mineworkers Union of Namibia has given Skorpion Zinc Mine notice of an industrial stayaway effective today at midnight.
Militants in the Niger Delta say they would only participate in the proposed Niger Delta summit if the Federal Government promises to implement its outcome.
In many of Africa's towns and villages, smoky kerosene lamps are all that keeps the darkness at bay after sunset. However, kerosene is a dangerous and increasingly expensive source of light for Africans who do not have access to electricity -- about three-quarters of those living on the continent, according to the World Bank.
Experts must be exhausted of saying "we told you so" to the government. The latest accident in-waiting is the deplorable state of the only bridge linking the east of the country to the rest of it at the Owen Falls Dam in Jinja.
Shareholders of Kenya Commercial Bank (KCB) have agreed to raise Sh5 billion through a rights issue. The bank will use the funds for expansion locally and within the region.
Medical records and other health information can now be easily shared via mobile phones and other modern communications technologies.
Since the signing of a comprehensive peace agreement in March 2007, Côte d'Ivoire has been healing the wounds of a civil war that divided the country for more than four years. Major challenges remain in reconciling different political and ethnic groups and in reviving the confidence of a vibrant business sector that once made the country one of West Africa's economic powerhouses.
The President and Secretary General of the Zimbabwe Congress of Trade Unions will spend the weekend in police custody, after the state deliberately delayed their appearance in court Friday.
Mozambican President Armando Guebuza warned in Santiago on Thursday that the negative impact of the recent sharp rises in the world market prices of oil and of grain makes it imperative to find a solution rapidly.
ENERY Minister Daudi Migereko has said that the current fuel shortage occasioned by the break-down of a supply ship early in the week will by Sunday be no more, as the major oil companies have all loaded fresh supplies at Mombasa destined for Kampala.
TRAFFIC Police officers extort money from motorists and conceal it in their berets, armpits and private parts, it emerged yesterday.
The Minister of Labour Samuel Kofi Woods says the Government of Liberia is committed to securing a conducive Labour environment for investment while at the same time ensuring that the dignity and rights of workers are protected in the country.
THE battle between parallel market dealers and the banking sector for the little foreign currency in the country intensified this week as exchange rates galloped ahead.
The government has been advised to rethink the creation of more districts so as not to bring a strain on the national coffers, particularly the District Assembly Common Fund (DACF).
The liquidation of Ghana Airways Limited (GAL) which began in June 2005 is nearing completion, according to the Minister of Aviation, Miss Gloria Afua Akuffo.
THE floatation of Zimbabwe's troubled currency is indeed welcome news for a country grappling with an economic crisis for the past nine years.
The Omaheke communal farming community cannot sit idle while the issue of auctions with Agra and Karoo remains unresolved and is compelled to look for alternatives as livestock selling is their only source of income, said deputy chairperson of the Omaheke Regional Farmers Union (ORFU), Pieter Kazongominja, reacting to Agra's Chief Executive Officer, Peter Kazmeier.
THE official foreign currency market burst into life this week as Zimbabweans trooped to banks and money transfer agencies (MTAs) to offload their hard currencies, rocking the once-thriving parallel market, the major beneficiary of the country's currency crisis.
ZIMBABWE'S retail outlets continue to grapple with shortages as the economy remains on a recession path, with the manufacturing sector still battling against power outages and foreign currency shortages.
The leader of the Movement for the Emancipation of the Niger Delta (MEND), Mr Henry Okah, has appealed the ruling of the Federal High Court in Jos presided over by Justice Stephen Adah, declaring that the lower court's ruling was delivered against the weight of argument made before it.
GOVERNMENT will use K13.6 billion the Task Force on Corruption has earned from the sale of seized properties to build maternity wards at various health centres countrywide.
SA's rapid pace of economic growth over the past three years was well above a sustainable level of about 3,5%, a team of international experts said yesterday.
THE Senate, yesterday, turned down the National Health Bill facilitated by the Federal Ministry of Health with funds from the N300 million unspent 2007 budget of the Ministry.
Calls for the trial of former President Olusegun Obasanjo over alleged corrupt practices swelled across the nation yesterday as different rallies were organised in Abuja and Kaduna by the Nigeria Labour Congress (NLC) and the Coalition of Northern Nigeria Civil Society Organisations, calling on President Umaru Musa Yar'Adua to prosecute Obasanjo and his daughter, Senator Iyabo Obasanjo-Bello.
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