Category: INTERNATIONAL
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Nigeria: Union Wants Three Tiers of Govt to Implement 2014 Pension Act
The Amalgamated Union of Public Corporations, Civil Service Technical and Recreational Services Employees (AUPCTRE), has decried the failure of the federal government, states and local governments to implement the New Pension Act 2014 for workers. The union, therefore, urged all tiers of government to fully comply with the provisions of the Act and implement it,…
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Zimbabwe’s central bank talks tough on currency breaches
Zimbabwe’s central bank threatened to cancel the licences of banks and foreign currency dealers found to have violated new exchange control regulations aimed at easing a dollar shortage. The Reserve Bank of Zimbabwe last week sent a directive changing the way banks and other authorised foreign-currency dealers are required to handle export earnings, adding measures…
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Algeria: Tripartite Meeting – Transition to Be Marked By Revitalization of Economic Governance
The government will begin, through the new growth economic model, a transition marked by an adaptation of the public and sectoral policies and a revitalization of the economic governance, said the final communiqué of the tripartite meeting, held Sunday in Algiers. “The government will begin a transition in which there will be an adaptation of…
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Egypt Reiterates Commitment to Namibia Ties
Egyptian Ambassador to Namibia Mahmoud Fawzy Abou Dounya has reiterated the long history of brotherhood and cooperation the two countries share, which dates back to the period of anti-colonial resistance. Swapo, as a liberation movement, had its fighters trained in Egypt and after Namibia’s independence in 1990 Egypt continued to support the country in capacity…
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Nigeria: What We Are Doing to Halt Attacks On Oil Installations in Niger Delta – VP Osinbajo
The Federal Government on Monday said it had evolved two strategies – engagement and security – to halt attacks on oil installations in the country as a result of the renewed insurgency in the Niger Delta region. Vice President Yemi Osinbajo disclosed this on Monday at the State House during a meeting with a delegation…
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Nigeria: Alleged N3.1 Billion Fraud – Judge Withdraws From Trial of Ex-Governor Suswam
Justice Ahmed Mohammed of the Federal High Court, Abuja, has withdrawn from the ongoing trial of former Benue governor, Gabriel Suswam. Mr. Suswam and his former Commissioner for Finance, Omadachi Oklobia, are standing trial on alleged diversion of N3.1 billion, money laundering and breach of public trust. Mr. Mohammed withdrew from the trial in protest…
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S.A: Northam Platinum suspends mine production after union violence
South Africa’s Northam Platinum suspended production at its Zondereinde mine after a worker was stabbed to death there during a fight between members of two different unions, the company said on Monday. Northam said the fight broke out after another worker had been shot dead in a nearby town on Sunday. The mine produces about…
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Mozambique: UK Financial Regulator Investigating Banks Involved in Mozambique Loans
The United Kingdom financial regulator is investigating possible wrongdoing by the Swiss bank Credit Suisse and VTB of Russia in the scandal of the government guaranteed loans, totaling over two billion dollars, which they arranged for Mozambican state or quasi-state companies in 2013-14. According to a report in the “Wall Street Journal” (WSJ), the U.K.…
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Uganda: How Will the Shs26.3 Trillion Budget Be Financed?
Finance Minister Matia Kasaija, will this week, deliver the 2016/17 budget speech that will see the government spend more than in it did in the current financial year. Unlike in the past – prior to the Public Finance Management Act 2014 – Members of Parliament approve the Budget for the next year at least a…
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Rwanda: Farmers Cry Foul As Banks Shun Agric Lease Products
The government targets to increase the level of agriculture mechanisation to 25 per cent next year, and 50 per cent by 2020 under its Agriculture Mechanisation Strategy. However, mechanisation uptake, especially by small farmers, is still low. This is despite the fact that a new law was adapted last year, where farmers can buy or…