Category: INTERNATIONAL
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Nigeria: Fares Rise By 200 Percent As Fuel Scarcity Persists
Amid efforts by the Nigerian National Petroleum Corporation (NNPC) and independent marketers to ensure the supply of Premium Motor Spirit (PMS) in the country, fares have increased by over 200 per cent in major cities in the country. There are signs too, of restiveness in some parts of the country just as Lagos Governor Akinwunmi…
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Rwanda: Airtel Rwanda to Recognise and Support Change-Makers
Individuals or groups that work to support and improve the lives of disadvantaged communities have got a boost following the launch of a campaign to identify and support them by a local telecom firm. The “Airtel Touching Lives Initiative” seeks to recognise and support individuals or groups that have made significant contribution to their communities…
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S.Africa’s credit rating at risk due to political tensions: S&P
Political upheavals in South Africa pose a risk to its sovereign credit rating, ratings firm Standard & Poor’s said on Wednesday, a day after President Jacob Zuma survived an impeachment motion in parliament for ignoring the constitution. S&P said last week’s constitutional court ruling that Zuma had breached the constitution by ignoring an order to…
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Kenyan Cenbank governor says commercial bank lending rates still need to fall
Kenya’s central bank governor said inflation could fall further in coming months and that a proposal by lawmakers to cap commercial lending rates would be “extremely harmful”. Governor Patrick Njoroge told a news conference on Wednesday commercial banks lending rates still needed to come down and that the current account deficit in East Africa’s top…
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Nigeria: Africa’s Richest Man, Dangote, His Brother, Dantata, Linked to Shell Companies in Tax Havens
With a staggering $15.4 billion wealth, Nigeria’s businessman and industrialist, Aliko Dangote, is on Forbes Rich List as the richest man in Africa. But does Mr. Dangote pay his fair share of tax in Nigeria or is he hiding assets abroad? That remains unclear. Yet that question has become even more relevant across the globe…
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IDC and ITIDA to Explore Egypt’s Digital Transformation Potentials as CIO Summit Returns to Cairo
The ICT-focused event represents the largest gathering of CIOs, business heads, and technology thought leaders in Egypt International Data Corporation (IDC) (www.IDC.com) yesterday formally announced details of its second annual Egypt CIO Summit (www.idcEgyptsummit2016.com) to be hosted in partnership with ITIDA at Cairo’s Nile Ritz-Carlton Hotel on Monday, April 11. Held under the patronage of…
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Malawi’s Rich, Powerful Evade Panama Papers List
Malawi’s rich and powerful people, including former president Bingu wa Mutharika whom some sections of society had claimed he had offshore investments, are not among the world influential figures on the infamous Panama papers list. Some Malawians on social media were asking state prosecuting agencies to probe former president Mutharika after it transpired that he…
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CONGO- Kabila twin has Vodacom stake, probe reveals
JAYNET Kabila, twin sister of the Democratic Republic of the Congo’s president and an MP, has an indirect stake in Vodacom Group’s operations in the country, documents show, shedding light on the wealth the opposition says the first family has accumulated. Ms Kabila owns half of Keratsu Holding, a company with a 9.6% indirect stake…
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Egypt: Reconciliation Efforts Underway in 35 Cases Involving Mubarak-Era Businessmen – Minister
Cairo — Egypt’s Illicit Gains Authority is currently looking into 35 corruption cases involving a number of Mubarak-era businessmen with the aim of establishing “reconciliation” deals, Justice Minister Hossam Abdel Rahim said Monday. Egypt’s authorities came into confrontation with a long history of corruption cases involving several Mubarak-era ministers and businessmen following the January 2011…
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Nigeria: Fuel Queues End From Today – Kachikwu
Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has reassured that the lingering fuel scarcity will end in Abuja and Lagos today. The minister, who was speaking in Abuja yesterday at a town hall meeting when he visited the Petroleum Products Pricing Regulatory Agency (PPPRA), also stated that Kano, Katsina, Sokoto, Port Harcourt and…