Category: INTERNATIONAL
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Nigeria: Telecoms regulator approves Etisalat name change
Nigeria’s telecoms regulator has approved Etisalat Nigeria’s name change after its Middle East parent pulled out following regulatory intervention to save the local company from collapse due to debt, the company said. The Nigerian Communications Commission (NCC) has been notified of the new name, 9mobile, the company said, adding that Etisalat Nigeria had started the…
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South Africa: Mazda recalls additional 19,000 vehicles in South Africa
Mazda Motor Corp. is recalling 19,000 cars in South Africa due to airbag safety concerns as the Japanese carmaker extends a global recall to cover a wider manufacturing period, its local unit said on Monday. The recall was prompted by investigations in Japan and North America for three different types of Takata Corp manufactured airbags…
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U.S. seeks to recover $144M in bribes to former Nigerian oil minister
The U.S. Justice Department on Friday filed a lawsuit seeking to recover assets that include a $50 million Manhattan apartment and an $80 million yacht that it said were bought using money generated from a scheme to pay millions of dollars in bribes to a former Nigerian oil minister. The civil lawsuit, filed in federal…
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Governors told to list assets, liabilities under their watch
Devolution Cabinet Secretary Mwangi Kiunjuri has directed governors to prepare a summary of assets and liabilities under their charge as the country prepares to elect new leaders. Mr Kiunjuri has handed each of the 47 county chiefs 30 days to set up a special team to oversee transfer of the assets and liabilities to their…
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Kenya: Solar firm secures Sh1.2bn to light homes
German off-grid solar firm Mobisol has secured 10 million euros (about Sh1.19 billion) from Finnfund to expand in East Africa. Mobisol in March announced plans to open 20 more stores in Kenya with an eye on increasing rural market share in the country. On Wednesday it said the Finnfund (Finnish Fund for Industrial Cooperation Ltd)…
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East Africa: Youth leading users of mobile banking
Nearly half of Kenyans aged between 18 and 35 have embraced mobile bank accounts as alternative banking channels continue to gain traction, fresh data shows. Financial Sector Deepening Kenya (FSD) annual report for 2016 shows that by the end of last year, 46 per cent of the young adults used mobile banking, helping grow financial…
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Egypt Wants More Trade With Zambia
Egyptian Foreign Affairs Minister Sameh Shoukry has said his country desires to increase trade and investments with Zambia. Speaking during a bilateral meeting with his Zambian counterpart Harry Kalaba in Addis Ababa, Ethiopia, on Saturday, Mr Shoukry said his country was looking for more investment opportunities in Zambia. He hailed the excellent relations existing between…
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Nigeria, Libya Oil Output Threaten Global Market
The increase crude oil output by both Nigeria and Libya has posed a threat to the global market, even as there are indications that the global oil market may see some rebound in the second half of the year. International Energy Agency, IEA, Chief, Fatih Birol, told Reuters in an interview that the development is…
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SA’s Public Protector wants an urgent inquiry into state capture
South Africa’s Public Protector Busisiwe Mkhwebane has called for an urgent investigation to take place into state capture, and backed her predecessor’s call that President Jacob Zuma has no right to decide which judge should oversee the inquiry. According to ENCA, this was revealed in her answering affidavit in the state of capture review application. Zuma in…
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Ailing Air Zimbabwe cuts half its workforce
Loss-making Air Zimbabwe is cutting half of its 400 jobs as part of a restructuring plan meant to revive the ailing national carrier, Chairwoman Chipo Dyanda said on Wednesday. Like most state-owned companies in the southern African country, Air Zimbabwe has been making losses for years due to mismanagement, high operating costs, old aircraft and…