Category: Africa
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Nigeria: Oando, MRS, Rano, 36 Others to Lift Nigerian Crude in 2017
The Nigerian National Petroleum Corporation (NNPC) on Wednesday released names of 39 companies that will be involved in the sale and purchase of Nigerian crude for 2017/2018. Announcing the results on its Website, the Group General Manager, Crude Oil Marketing Division NNPC, Mr Mele Kyari, said the contract would run for one year effective from…
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Zimbabwe: ZSE Records Lowest Foreign Inflows
The Zimbabwe Stock Exchange recorded its lowest foreign inflows in 2016 since dollarisation because of liquidity challenges which also saw banks delaying the remittance of investment proceeds. Latest statistics from the stock exchange show that shares worth a staggering $140,3 million were sold compared to foreign purchases, which amounted to $60,2 million over the 12…
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Nigeria: Hackers Shift Attention to Whatsapp Users
Indications have emerged that hackers are now stealing people’s bank details by sending files over the messaging service, WhatsApp. Vanguard gathered that the hackers’ strategy is designed in a way that once opened (WhatsApp), the documents can gather sensitive information from users, including online banking details. According to a report, the virus has been disguised…
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Zambia Commences Legal Proceedings Against Mining Firm Over Pollution
Zambia’s environmental regulator said on Tuesday that it has commenced legal proceedings against Konkola Copper Mines (KCM), a unit of London-listed Vedanta Resources, over the pollution of drinking water and the environment in one mining town on the Copperbelt Province. Ireen Chipili, the spokesperson of the Zambia Environmental Management Agency (ZEMA) said legal proceedings have…
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Zimbabwe: NSSA Boss Nabbed for $8 M Fraud
FORMER National Social Security Authority (NSSA) general manager, James Mwayiyapo, 59, was Wednesday dragged to court for allegedly misrepresenting the market value of a stand prejudicing the company of $8 million. Mwayiyapo appeared before magistrate Rumbidzai Mugwagwa facing fraud charges, alternatively criminal abuse of office as a public officer. He was released on $300 bail…
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Angola: Over 1000 Tourists Visited Cabinda in 2016
At least 1.396 tourists visited the northern Cabinda province in 2016, said Tuesday in this city, the head of department of hotel and tourism, of the provincial secretary of Commerce, António Baza. The official, who assessed the activities of the sector, highlighted the visit of tourists from three of the five continents. In terms of…
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Algeria: Petroleum Products – Naftal Ambitions to Consolidate Position By 2030
The National Company for the Marketing and Distribution of Petroleum Products (Naftal) on Monday unveiled the main lines of its development plan which extends until 2030 to strengthen its position in the domestic market. Outlined during a meeting attended by its CEO Hocine Rizou, and CEO of its parent company Sonatrach, Amine Mazouzi, Naftal mainly…
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Kenya:M-pesa has completely transformed economy
A recently published study on the long-run effects of mobile money on economic outcomes in Kenya provides some valuable insights that will benefit economic development and financial inclusion policies across Africa. The study found that increased access to mobile money has reduced poverty in Kenya, particularly among female-headed households. Rapid expansion of mobile money has lifted…
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Nigerian National Petroleum Corporation awards 2017 crude oil contracts
State-run Nigerian National Petroleum Corporation (NNPC) has awarded its 2017 crude oil term contracts to 39 companies, the company said on Tuesday. The contracts covering about 1.31 million barrels per day (bpd) of crude oil were awarded to 18 Nigerian companies, 11 international trading houses, five foreign refineries, three national oil companies and two “NNPC…
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Nigeria changes date for closure of capital’s airport
Nigeria plans to close the airport in the capital Abuja for six weeks from 8 March to repair its runway, the aviation ministry said on Tuesday, pushing the move back later than previously scheduled. The decision to shut the airport and divert Abuja-bound flights to Kaduna, an airport used primarily for domestic flights about 160…