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Africastyles African News
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All Africa News
AllAfrica News: Economy, Business and Finance
All Africa, All the Time.
Tanzania: Diamonds Worth U.S. $3 Million Go Missing,
Mystery surrounds the disappearance of a consignment of 14,931 carats of diamonds worth nearly $3 million, belonging to Williamson Diamonds Ltd of Tanzania.
South Africa: Nation Slips in Gold Production Rankings,
A 5,8% drop in production last year saw SA slip further down the global rankings to be the fourth-largest gold producer in the world, according to figures released on Friday by the Chamber of Mines.
Kenya: Top IMF Mission in Quiet Dialogue With Govt,
The status of privatisation of the National Bank of Kenya and the fate of the troubled CharterHouse Bank figure among the top agenda items for discussions with a high-powered mission of the International Monetary Fund that has been having a quiet dialogue with the government since Tuesday last week.
Africa: Continent Faces 'Internet Access Drought',
A global Internet security firm has asked African leaders to make the Internet more accessible and affordable in order to promote social and economic development.
Kenya: Revenue Authority Conducts Audit to Stem Tribalism,
The Kenya Revenue Authority is counting its workers in an effort to comply with a government directive aimed at stemming tribalism and nepotism in the public sector.
Zimbabwe: Water Tariffs Probed After Complaints,
THE Competition and Tariffs Commission has launched investigations into Harare Water following complaints by residents that city water bills were too high and that they continued to be billed when their taps were dry.
Nigeria: Post Amnesty Resolution Talks Kick Off Today,
GOVERNORS of the nine Niger Delta states and other stakeholders, including South-South elder, Edwin Clark, MOSOP leader, Barrister Ledum Mitee and others are already in the oil city of Warri, Delta State, to proffer solutions to the multifarious problems facing the Niger Delta region.
Nigeria: The New Govt Position On Refineries,
The Nigerian National Petroleum Corporation (NNPC) has killed any hopes for the privatisation of the country's four refineries. But how wise is the decision? Speaking at the launch of the Corporation's transformation programme in Abuja, the Group Managing Director (GMD), Mohammed Barkindo, said selling the refineries would amount to a policy summersault and inconsistent with the tenets of the Petroleum Industry Bill (PIB) currently before the National Assembly for passage.
Nigeria: Oil Reforms - NNPC Opens Talks With Foreign Banks,
The Nigerian National Petroleum Corporation (NNPC) has begun talks with foreign investment banks on funding options, bearing in mind its proposed new role as a commercially viable company rather than a cost centrr, if and when the Petroleum Industry Bill (PIB) is passed by the National Assembly.
Nigeria: 800 Illegal Refinery Operators Give Up in Rivers,
NO fewer than 813 illegal bunkerers and operators of refineries in Ogoniland have surrendered their implements to the joint committee set up by the Rivers State government to stamp out the trade.
Nigeria: Imperatives of Post Amnesty Dialogue,
TODAY's gathering in Warri marks another of the many efforts to search for sustainable peace in the Niger Delta, a region that suffers from rampaging poverty ironically fuelled by the oil and gas exploration that oils the nation's economy.
Uganda: TERP Did Nothing Wrong-CEO,
Saatchi & Saatchi and its partner TERP Consult are under the spotlight over the contract they won in 2007 to promote the Commonwealth Heads of Government Meeting (CHOGM). The Parliament Accounts Committee (PAC) is probing the deal to establish whether there was value. Elizabeth Namazzi asked Odrek Rwabwogo, the TERP Consult chief executive officer about the deal.
Rwanda: Private Investment Needed to Revitalize Rail Project,
The Minister of Infrastructure, Vincent Karega, has revealed that the EAC railway network partners are currently searching for the much needed private investments into the region's ambitious railway project.
Nigeria: Fraud - ANAN Boss Seeks Rotation of Bank Auditors,
President, Association of National Accountants of Nigeria, (ANAN), Mrs Iyamide Gafar, has advocated frequent rotation of auditors in banks, to checkmate fraud.
Nigeria: The Snag With Alternative Views,
Less than two weeks ago, Acting President Goodluck Jonathan created yet another government bureaucracy - the Presidential Advisory Council - that will be funded by the state.
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