Depositors Of Collapsed Dubai Bank To Be Paid Maximum Sh100,000
BY PAUL WAFULA Depositors who have money in the collapsed Dubai Bank will only be paid a maximum of Sh100,000 as the reality of the...
Category : Commerce
UN Body Urges Somalia To Probe British oil Contract
A UN sanctions committee wants Somalia to open a corruption investigation after uncovering evidence that British oil firm Soma may have paid off several Somali...
Groundnuts Have Huge Export Potential For Ghana – GEPA // Arachides Ont Un Potentiel Enorme P’exportation Pour Le Ghana – GEPA
Groundnuts Mr Stephen Normeshie, the General Manger of the Ghana Export Promotion Authority (GEPA), has said that groundnut has been identified as one of...
Kenya, Italian Bank Sign Sh34b Deal For Nakuru Water Project // Kenya, Banque Italienne Signe Sh34b Traiter Pour Nakuru Water Project
Kenya Tuesday signed a Sh34 billion financing agreement with Italy’s BNP Paribas and Intesa San Paolo banks for the construction of Itare Dam in Kuresoi....
UAE BUSTS CELL OF NIGERIAN HACKERS BREAKING INTO US ACCOUNTS // ÉMIRATS ARABES UNIS BUSTES CELLULAIRE DES PIRATES NIGÉRIANS PAR EFFRACTION DANS DES COMPTES US
United Arab Emirates police have busted a cell of three Nigerian hackers who targeted US bank accounts, the interior ministry said Sunday. The trio...
Gold Wage Demands ‘Unaffordable’ // Demandes De Salaire Or « Inabordables »
The wage demands tabled by four trade unions in the gold sector are unaffordable, gold producing companies said on Wednesday. The companies said the demands...
Nigeria Fidelity Bank Grants Presco, SIAT N6bn Finance To Boost Agribusiness // Nigeria Fidelity Bank Accorde Presco, SIAT N6bn Finance Pour Stimuler L’industrie Agroalimentaire
As part of its commitment to boost agribusiness in the country, Fidelity Bank Plc said it has granted over N6 billion finance to Presco Plc...
Nigeria President Buhari Urged To End Fuel Subsidy And Privatise Oil Refineries
By Ludovica Iaccino New president Muhammadu Buhari urged to privatise Nigeria’s four refineries and end oil subsidy to help economy(Reuters) Nigeria’s President Mohammadu Buhari has...
Nigeria National Petroleum Corporation Reduced The Price of Crude Oil // Nigeria National Petroleum Corporation A Réduit Le Prix Du Pétrole Brut
The Nigerian National Petroleum Corporation, NNPC, weekend, reduced the prices of Nigeria’s crude oil grades — Bonny Light and Qua Iboe — to their lowest...
Airtel’s Tower Sale Deal In Africa Falls Through // Tour Vente Deal De Airtel En Afrique Tombe A Travers
Now the deal with Tanzania and Tchad stands terminated, the agreement with HTA for Congo and Democratic Republic of the Congo is still intact, sources...
Illegal Mining Equipment Seized // Matériel D’exploitation Minière Illégale Saisi
Ninety four pieces of mining equipment used by illegal miners was seized by Gauteng police at the weekend. Lieutenant Colonel Lungelo Dlamini said in a...
Aqaba Gas Port “Quantum Leap” would generate surplus for export to Egypt: Energy Minister // Port De Gaz Aqaba « Quantum Leap » Générerait Des Surplus Pour L’exportation Vers L’Égypte : Ministre De L’énergie
Minister of Energy and Mineral Resources Ibrahim Saif has predicted that the Aqaba Gas Port and the power generation sector would experience a “quantum leap”...
Strict Scanning Rule Leaves Tonnes Of Export Tea Stuck In Mombasa // Règle Stricte De Balayage Laisse Tonnes D’exportation De Thé Coincé A Mombasa
East Africa Tea Trade Association stakeholders during an auction at Tea Trade Centre in Mombasa. The association on June 2, 2015 said the stringent scanning...
A Gold Mine for No Money: Mandela, Zuma Heirs Await Fraud Ruling // Une Mine D’or Pour Pas D’argent : Mandela, Zuma Héritiers Attendent Au Pouvoir De Fraude
Fifteen years after their relatives helped free South Africa from apartheid, scions of two of the nation’s most famous families met in a hotel...
Chinese Pharmaceutical Firm Increases Production Base in Ghana // La Société Pharmaceutique Chinoise Augmente La Production De Base Au Ghana
Sanbao Ghana Pharmaceuticals Limited, a Chinese manufacturing firm in Ghana, has invested a total of US$15 million to expand its production capacity. The company now...
Illicit Financial Outflows In Africa Worries PAP // Les Sorties Financières Illicites En Afrique Inquiète PAP
The Pan African Parliament (PAP) has expressed concern about the impact of illicit financial outflows in Africa on development and economic recovery. Former President of...
Westgate Shopping Mall To Re-open In Two Months Time // Westgate Shopping Mall A Ré-ouvrir Dans Deux Mois
Westgate Shopping Mall is set to re-open for business in the next two months. The management of Westgate Shopping Mall, which has not been operational...
Most Workers Now Employed In Part-Time Or Temporary Jobs – UN Labour Agency // La plupart Des Travailleurs Encore Engagés Dans Des Emplois A Temps Partiel Ou Temporaires – Agence De L’ONU Du Travail
Workers load sugarcane at an ethanol distillery in Brazil. Photo: FAO/Giuseppe Bizzarri The International Labour Organization (ILO) today warned of widespread insecurity in the global...
Nexus Opens First Shop In Lagos // Nexus Ouvre Le Premier Magasin A Lagos
Leading maker of home appliances, Nexus, has opened its first brand shop in Lagos as part of its plan to expand consumer touch points in...
NIGERIA ON A BORROWING BINGE // NIGERIA SUR UNE FRÉNÉSIE D’EMPRUNT
Nigeria’s government has borrowed 473 billion naira to pay salaries as oil revenues decline affecting the cash flow. Ravi Bhatia, director of sovereign and international...