Category: INTERNATIONAL
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Zambia: Brisk Trade in Zambia With Women’s Hair
Black haircare is a multibillion dollar industry with women spending substantial sums on hair weaves and extensions. In Lusaka, Zambia, weaves are so widespread that you hardly ever see a natural head of hair. In the Central Business District in Zambia’s capital Lusaka, there is a shop which sells nothing but hair weaves and extensions.…
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Rwanda: Energy Utility Announces End to Power Rationing
Rwanda can now produce enough power to service all those who need it in Kigali, the Chief Executive of Rwanda Energy Group (REG), Jean Bosco Mugiraneza, has said. Mugiraneza, who was addressing journalists in Kigali, yesterday, said besides being able to provide electricity to everyone who needs it, REG had embarked on different projects that…
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Nigeria: Central Bank Sells N173 Billion Treasury Bills At Flat Rate
The Central Bank of Nigeria (CBN) sold N172.85 billion at its first treasury bill sale of the year on Wednesday with yields unchanged from the previous auction, held on December 21, fixed income traders said on Thursday. Reuters quoted traders to have revealed that the central bank sold N115.85 billion of one-year debt at a…
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Nigeria resumes payments to former Niger Delta militants: official
Nigeria has resumed payments of cash stipends to former militants agreed under a 2009 amnesty in the country’s Niger Delta oil hub, an official said on Thursday. “Two months of the ex-militants stipends were paid yesterday…The rest of their stipends will be paid later in batches by (central bank) CBN,” said Piriye Kiyaramo, an officer…
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Nigeria: Recession – Private Jets Ownership Drops By 50 Percent
The number of privately owned jets in Nigeria has shrunk by almost 50 per cent between 2015 and 2016, checks by Daily Trust have shown. Within this period, no fewer than 31 private jets have been de-registered with the aircraft either sold off or returned to their owners abroad. The development, it was gathered, is…
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Zimbabwe: Irrigation Scheme Brings Hope to Beitbridge West
The revival of the 57-hactare Jalukange Irrigation Scheme along Shashe River about 120km west of Beitbridge town has come as a major relief for smallholder farmers in this dry district. The district was in the grip of the worst drought in half a century with failed rain seasons, crop failures and livestock deaths. Most farming…
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Rwanda: Year Review – How the Agriculture Sector Fared in 2016
A lot went on in the agriculture and livestock sector in 2016 – the sector where about 70 percent of Rwandans derive their livelihood. On average, agriculture contributes about 33 percent to Rwanda’s Gross Domestic Product (GDP) between 2007 and 2014, as per the National Institute of Statistics of Rwanda (NISR). In the financial year…
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Egypt’s Foreign Debt Increase 185 Percent in Three Months
Egypt’s foreign debt jumped 185% from July to September 2016, according to the monthly report of the Central Bank of Egypt (CBE) on Thursday. The debt amount increased to USD 2.46 bn during the past fiscal year, from USD 863 bn in the previous fiscal year. The three months of July to September witnessed an…
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Nigeria Union of Petroleum and Natural Gas Workers plan to shut down Total Nigeria
The Nigeria Union of Petroleum and Natural Gas Workers ordered on Thursday a strike at Total fuel truck depots across the OPEC member nation in protest against sackings. “We have stopped the operation of Total. We are at the table with Total discussing the situation of the workers,” Tokunbo Korodo, union chairman in the southwest…
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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…