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Mining Firm’s License Renewal Fuels Protests

Ammolite_mining

Demonstrators have taken to the streets in at least a dozen southern Ethiopian towns this week to protest the federal government’s renewal of a license for a mining company that they say jeopardizes local residents’ health and economic well-being. The protesters, in the restive Oromia region, criticize a 10-year license for Mohammed International Development Research and Organization Cos., or MIDROC, ...

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Nigeria: Reps Mull Buhari’s Impeachment Over $496m Tucano Aircraft Purchase

buhari

Miffed by his unilateral decision to expend the whopping $496,374,470.00 for the purchase of Super Tucano aircraft, members of the House of Representatives almost began moves to impeach President Muhammadu Buhari. The lawmakers queried the powers of President Muhammadu Buhari to appropriate and spend money without any recourse to the National Assembly, which statutory function it was to give approval ...

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IMF endorses crpto currency

IMF Managing Director - Christine Lagarde

IMF head Christine Lagarde has dedicated a new blog post to the “potential benefits” of “crypto-assets such as Bitcoin.” The head of the International Monetary Fund (IMF) Christine Lagarde was buoyant about cryptocurrency in a blog post in support of the technology, published Monday, April 16. The post, which comes roughly one month after Lagarde cautioned against the “dark side” ...

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Social media users in Uganda to pay tax soon

uganda

Uganda plans to slap a new tax on social media users from July to raise revenue, which human rights activists denounced as another attempt by President Yoweri Museveni to stifle freedom of expression and quash dissent to his 32-year-rule. The move is unlikely to go down well in a country where more than 40 percent of people use the internet. ...

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Private sector operators welcome African Continental free Trade Area Agreement

Intra-Africa Connect represented AfCTA Business Forum Kigali

Intra-African Connect, an organization committed to promoting and enabling Intra-African Trade and investment has lauded the signing of the African Continental Free Trade Agreement. The organization’s founder Mr. Nana Yao Lee was part of a group of private sector stakeholders that were taking part in the African Union Business Forum, held on the 20th of March 2018, a day before ...

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Nigeria Earned $476.3 Million From Crude Oil, Gas Exports in December 2017 – NNPC

oil

The Nigerian National Petroleum Corporation says it earned about $476.25 million from crude oil and gas exports in December, 2017. The corporation said in its monthly Financial and Operations Report for December, 2017 released on Tuesday that the figure more than doubled the export receipts $201.11 million realised in November, 2017. The report said while receipts from crude oil amounted ...

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Nigeria: Govt Identifies 130,000 Individuals, Firms Likely Culpable in Tax Underpayment – Adeosun

tax

The data mining efforts of the federal government through the Federal Ministry of Finance has identified a new batch of over 130,000 high net worth individuals and companies that have potential tax underpayments. The Honourable Minister of Finance, Mrs. Kemi Adeosun, revealed this on Tuesday while appearing on the Good Morning Nigeria programme of the Nigerian Television Authority. The Minister ...

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Nigeria: Senate Summons Aviation Minister Over Air Mishaps

airline

Following the recent frequent air mishap in the country, the Nigerian Senate has, Tuesday, summoned the Minister of State Aviation, Hadi Sirika, to appear before it and explain why such mishaps have been occurring and measures taken to avoid subsequent occurrences. A motion filed by Senator Gbenga Ashafa brought to the notice of the senators that two air mishaps has ...

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Tunisia: Funds Worth 35 Billion Dinars Allocated to Road Network

rail

The estimated funds allocated to the construction and development of roads throughout the territory have reached in the last three development plans about 35 billion dinars, Equipment, Housing and Spatial Planning Minister Mohamed Salah Arfawi. The latter pointed out in this regard, that the cost of the road network is estimated at 4.5 billion dinars by 2030 and the same ...

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Morocco: World Bank Launches U.S.$200M Program to Increase Investment Capacity in Morocco’s Casablanca

morocco

The World Bank launched on Monday a project worth 200 million U.S. dollars to improve the investment capacity of Morocco’s largest city of Casablanca. The launching ceremony of the program, known as “Casablanca Municipal Support Program,” was chaired by Marie Francoise Marie-Nelly, World Bank’s country director for the Maghreb and Malta, Middle East and North Africa. The loan will help ...

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