Business

News : Business

South Sudan: Engage the Youth in Building Our New Nation

[allAfrica] South Sudan, the world's youngest nation and an ethnically-diverse country with a population of more than 11 million, celebrated its 10th anniversary on Friday. The country gained her independence from Sudan on July 9, 2011, after the signing of the Comprehensive Peace Agreement (CPA) that ended Africa's longest-running civil conflict, the Second Sudanese Civil War. (AllAfrica)


Zimbabwe: Opposition Leader Biti Rubbishes 'Naive and Dishonest' IMF

[New Zimbabwe] Former finance minister Tendai Biti has describe the International Monetary Fund (IMF) as a naïve and dishonest institution after it published a report forecasting a 7% growth in Zimbabwe's economy. (AllAfrica)


Tanzania: Rural Energy Agency Commits to Connecting All Remaining Villages to Electricity

[Daily News] The Rural Energy Agency (REA) has once again assured the general public that it will connect to electricity all the remaining villages in the next 18 months. (AllAfrica)


Tanzania: Central Bank to Pilot New Payment System

[Daily News] The Bank of Tanzania (BoT) will this month start to roll out the first phase of its new payment system -Tanzania Instant Payments System (TIPS), which has been developed to facilitate real-time payments across all financial service providers in the country. (AllAfrica)


Tanzania: Tantrade Throws Weight On Spices Industry

[Daily News] Spice producers have all reasons to smile following the launch of Tanzania spices label, a significant step forward for marketability, quality assurance and sustainability. (AllAfrica)


Nigeria: Tension Over Killing of Road Transport Workers' Union Vice Chairman in APC Rally

[Daily Trust] Tension yesterday enveloped Satellite town and its environs in Lagos State over the alleged killing of the Vice Chairman of the National Union of Road Transport Workers (NURTW) identified as Samuel Kayode aka Ekpo Kinkin. (AllAfrica)


Nigeria: Naira Loses Further At Black Market

[Premium Times] Naira plunged to 505 to the dollar. (AllAfrica)


Nigeria: Kebbi State Secures U.S.$4,1 Million Loan to Boost Livestock Production, Dairy

[Vanguard] Governor Atiku Bagudu of Kebbi State on Friday disclosed that the state government had secured a N1.7 billion bank loan to boost livestock production and dairy in the state. (AllAfrica)


Malawi: How Malawi Leaf Limited Lost Billions

[Nyasa Times] An on-going assessment of operations for the financially -struggling AHL Group has revealed how, one of its once competitive subsidiary, Malawi Leaf Company Limited (MLCL) lost millions of dollars due to unreliable international deals that ended up in exorbitant lawsuits. (AllAfrica)


Zimbabwe: 27 Firms Fined for Abusing Forex Auction System

[The Herald] Twenty one more companies have now been found abusing the foreign currency auction system, bringing the total to 39, and of these, 27 have been assessed civil penalties while 12 others have been issued with written warnings for aiding or abetting the flouting of exchange control regulations. (AllAfrica)


Nigeria: Nigerian Stocks Deepen Loss By U.S.$601 Million As Investors Take Profit

[Premium Times] The all-share index toppled by 475.68 basis points to close at 37,994.19. (AllAfrica)


Zimbabwe: Billy Rautenbach's Green Fuel Destroys Chipinge Villagers' Crops

[New Zimbabwe] Green fuel security guards armed with guns and dogs Thursday morning moved in to provide security as the company destroyed crops and structures owned by over 1 000 households in Chinyamukwakwa village, Chipinge. (AllAfrica)


Uganda: Oil Pipeline Project to Dish Out 2.5bn/ - Compensation

[Daily News] THE East African Crude Oil Pipeline (EACOP) project from Hoima in Uganda to Chongoleani -Tanga in Tanzania has signed the first tripartite land compensation agreement with people who are affected by the project in the priority areas. (AllAfrica)


Zimbabwe: Uproar As Econet Effects 20% Data Prices Increases

[New Zimbabwe] Econet Wireless has torched a major public outcry after it increased its data packages by 20 % effective Thursday. (AllAfrica)


Zimbabwe: Govt Appoints New Board for Troubled Airzim

[New Zimbabwe] Transport minister Felix Mhona has announced a new six-member interim board to the run affairs of the troubled national carrier, Air Zimbabwe (AirZim) following the unceremonious departure of administrator, Reggie Saruchera. (AllAfrica)


Nigeria: Nigerian Women 'Dyeing' to Boost Nigeria's Forex Earnings

[Premium Times] The Egba women of Nigeria are keeping the craft of Adire making alive, and in doing so, earn modest forex for Nigeria. (AllAfrica)


Zimbabwe: 'Sluggard' Cuthbert Dube Loses Psmas Shareholding Battle

[New Zimbabwe] Former Premier Service Medical Aid Society (PSMAS) group chief executive Cuthbert Dube's efforts hold on to the company's shareholding hit a snag after the High Court threw out his application Thursday before hitting out at him, describing him as a lazy sluggish person. (AllAfrica)


Zimbabwe: Masiyiwa Partners Facebook in DR Congo Fibre Network Expansion

[New Zimbabwe] United Kingdom-based Zimbabwean business magnate, Strive Masiyiwa's firm, Liquid Intelligent Technologies has partnered with Facebook in a landmark fibre network expansion project in the Democratic Republic of Congo (DRC). (AllAfrica)


Mali: Going for Gold in Western Mali Threatens Human Security

[ISS] Uncontrolled artisanal gold mining in Kayes is damaging the environment and fuelling trafficking and local conflicts. (AllAfrica)


South Africa: Western Cape Agriculture Develops Smart Decision-Making Tool for Ostrich Industry

[Govt of SA] Western Cape Department of Agriculture develops smart decision-making tool for the ostrich industry (AllAfrica)


Senegal: Gambia Oil Drill Forces Far to Sell Senegal Stake in U.S.$4. 6 Billion Project

[The Point] Now it is official: Australia oil giant, FAR Oil, sold its stakes in Sangomar project in Senegal in a bid to keep its license requirements for upcoming oil wells off The Gambia. (AllAfrica)


Tanzania: Yara Introduces Agri-App to Arusha

[Daily News] Yara Tanzania sustainable investment in digital solutions is in tandem with the push by the government effort to elevate the economy to middle income status. (AllAfrica)


Tanzania: Huge Appetite Pushes Down 20-Year Bond Yields

[Daily News] The 20 years Treasury bond has been heavily over subscribed and the trend predicted to continue for the coming long tenure bonds at the expense of yield rates. (AllAfrica)


Tanzania: Crdb Goes for Self-Training Programme

[Daily News] CRDB Bank yesterday launched a 'Graduate Development Programme', which focuses on preparing college graduates to become experts in banking, and building them into future leaders. (AllAfrica)


Tanzania: New Milestone As Mwanza - Port Bell Route Returns

[Daily News] THE government's efforts to turn Mwanza into a transport and business hub has begun to pay off, with the shipping of petroleum products from the rock city to Port Bell, in Kampala resuming after almost 17 years of lull. Uganda Railways Corporation (URC) on Wednesday received half a million litres of petroleum products through the Mwanza- Port Bell Luzira route, from where Uganda Railways wagons picked it en route to the final destination. (AllAfrica)


Tanzania: President Samia Urges Financial Transparency

[Daily News] PRESIDENT Samia Suluhu Hassan has called on religious institutions offering social services to be transparent in their financial books, to avoid being taxed by the Tanzania Revenue Authority (TRA). (AllAfrica)


Tanzania: Govt Pledges Support to Iringa Agriculture Investor

[Daily News] The government has pledged to support the Iringa based commercial firm, Farm for the Future (FFF), in its efforts to build equity and invest 1.1 million US dollars in building a dam and related irrigation systems. (AllAfrica)


Uganda: Nita-U Launches Cyber Security Awareness Campaign

[Independent (Kampala)] Kampala, Uganda -- The National Information Technology Authority Uganda has today (July 08) launched a Cyber Security Awareness Campaign dubbed 'be safe online' aimed at increasing the public awareness and vigilance about the day-to-day cyber threats. (AllAfrica)


Africa: G20 Finance Ministers Under Pressure to Deliver Climate Funding for Poor

[Thomson Reuters Foundation] G20 meeting in Italy is seen as an opportunity for rich nations to step up climate finance for vulnerable countries struggling with economic woes from weather disasters and COVID-19 (AllAfrica)


Kenya: Manufacturers Call for Expedited Resolution of Non-Tariff Barriers

[Capital FM] Nairobi -- Manufacturers from Kenya and Tanzania have called for the expedited resolution of non-tariff barriers (NTBs) and the review of the East African Community Common External Tariff (EAC CET). (AllAfrica)


Zimbabwe: Concern Over Gold Smuggling to Dubai

[The Herald] At least 60kg of gold worth millions of dollars could be smuggled from Zimbabwe to Dubai monthly, prejudicing the country of the much-needed foreign currency earnings, Prosecutor-General Mr Kumbirai Hodzi estimates. (AllAfrica)