Category: Africa
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S.A:Millions of South Africans will be paid benefits on April 1- minister
The government will continue paying millions of South Africa’s most vulnerable people social security payments on April 1, despite not signing a new deal with an existing service provider, the minister of social development said on Sunday. The South African Social Security Agency (SASSA) is scrambling to ensure that as many as 17 million people…
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Kenya:Price fixing is the lifeline of insurers, says regulator
The insurance industry regulator says that several motor vehicle underwriters could collapse if minimum customer premium charges are removed. The Insurance Regulatory Authority (IRA), in court filings intended to defend price fixing in the industry, says the price floors were introduced after several motor vehicle insurers faced collapse after undercutting competitors without considering that insuring…
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S.A:Lonmin’s chief operating officer to step down next month
Troubled platinum miner Lonmin said on Monday its chief operating officer (COO) has resigned for personal reasons. After more than two years in the role of COO and director, Ben Moolman will step down on April 5, Lonmin said, without naming a successor. The world’s third-largest platinum producer, which was saved from collapse in 2015…
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Nigeria to open up government airports to private investment
Nigeria will open up its government-owned airports to private investment, the minister of aviation said on Monday, as the capital’s airport prepares to close for repairs after years of neglect. All government-owned airports will be offered to investors who have “the wherewithal, the know-how, the technology, the capacity, the ability, the finance to put up huge fantastic…
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Nairobi:Facebook takes on telcos with low-cost Internet
US tech giant Facebook has switched on its low-cost Internet in Nairobi, stepping up competition for telecommunication firms which earn significant revenue from users of the social networking site. ‘Express Wifi’ by Facebook, which is a joint project with Surf, a local Internet service provider, went live in Nairobi and its environs about three weeks…
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Egypt: Agreement On Russian Industrial Zone in Egypt to Be Signed in May, Minister
The agreement to establish the Russian industrial zone in Egypt is planned to be signed next May, the minister of trade and industry Tarek kabil said on Thursday. “Details for establishing the zone is being finalized nowadays with the Russian side and the final signing of the agreement would be during the meetings of the…
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Nigeria: Breaking – Foreign Airlines Reject Kaduna Airport As Abuja Airport Is Closed
Only one foreign airline has agreed to use the Kaduna International Airport, as the Nigerian government officially announced the closure of the Abuja International Airport on Monday. The Minister of State for Aviation, Hadi Sirika, told journalists that so far only Ethiopian Airlines has agreed to use the Kaduna airport as an alternative. The government…
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Nigeria: Govt Cautions Citizens Against Travelling to U.S.
The presidency has advised Nigerians who have no “compelling or urgent” reason to travel to the U.S. not to do so. The Senior Special Assistant to the President on Foreign Affairs, Abike Dabiri-Erewa, advised Nigerians who have no compelling or urgent reason to travel to the U.S. to postpone their travel plans until the Donald…
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Zimbabwean civil servants stage sit-in protest over bonuses
Zimbabwean government workers, including thousands of teachers, were due to stage a sit-in protest over unpaid bonuses on Monday ahead of a meeting with authorities, union leaders said. Doctors called off a planned strike on Sunday after government approved increased allowances and created 250 new jobs, the same day President Robert Mugabe returned from medical…
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S.A’s Competition Commission accuses Toyota carrier of collusion
The Competition Commission of South Africa has referred car carrier company Kawasaki Kisen Kaisha Ltd for a prosecution to the Tribunal for colluding on a tender for transportation of Toyota vehicles. The Commission referred Kawasaki Kisen Kaisha Ltd (“K-Line”), a Japanese company operating in South Africa, to the Competition Tribunal for price fixing, market division…