What Stakeholders Expect In Agriculture Sector
IT is not in doubt that oil, as major source of revenue, has failed the nation following the global slump in prices and increasing fracking exploits in the UK and the rich shale oil deposits in the US. Nigeria’s clear option, which has become a singsong, is agriculture, and President Buhari should plug into that…
Bimha: Zimbabwe Wants Investors With Capital
Zimbabwe is battling to lure the much needed foreign investors for its ailing economy. The Southern Africa country’s Minister of Industry and Commerce, Michael Bimha told CNBC Africa that the country was open for investment.
Behind Nigeria’s Oil And Gas Sector’s Skills Shortage
Nigeria’s oil and gas sector is battling to acquire a skilled workforce due to inadequate training facilities at universities and reduced central government expenditure into developing these critical skills. Multinational corporations operating in Nigeria have identified this as a reason for employing fewer Nigerians in the sector.
Uk Says Zimbabwe Easing Black Empowerment Drive Could Boost Investment
Signs that Zimbabwe is relaxing its black economic empowerment drive could see a rise in British investments in the southern African nation, according to an embassy report, following an exodus of investors in recent years.
Buhari Advised To Overhaul Nigerian Oil Sector, Increase Debt
Advisors to Nigerian President Muhammadu Buhari have recommended a root and branch overhaul of Africa’s biggest oil industry and increased borrowing to help pay off 20 billion US dollars of government arrears, a reform proposal document shows. Buhari, who won a shock election victory in March, has so far given little indication of his policy agenda as he has focused on his main election pledges of tackling corruption and a six-year insurgency by Islamist sect Boko Haram.
S.Africa’s Rand Eases On Greece, No Impact From Reserve Data
South Africa’s rand traded near the previous session’s three week lows on Tuesday, taking its cue from weak markets in major commodity importer China and while investor continued to fret about the impact of Greece’s financial woes.
BoI, UNDP to stake $4.8m on renewable energy projects in Nigeria
The Bank of Industry (BoI) and the United Nations Development Programme (UNDP) may have commenced the implementation of their solar energy programme.
Chinese markets fall, ignoring Beijing’s soothing efforts
CHINA'S stock markets plunged in the final hour of trading, as a series of government measures to prop up share prices once again proved to have little enduring effect. The Shanghai and Shenzhen markets had seemed to recover on Tuesday afternoon and Wednesday morning after Chinese government agencies, companies and trade groups issued upbeat statements.…
S.Africa’s Eskom Expected To Seek Bigger Tariff Rise Next Time
Cash-strapped power firm Eskom will seek an even bigger tariff increase next time around after South Africa’s energy regulator rejected the utility’s bid to raise prices in July, industry experts said on Tuesday. State-owned Eskom is struggling to meet demand in Africa’s most advanced economy and has been relying on diesel-fired power stations to shore…
NEC Appoints Committee To Probe NNPC
The Nigerian National Petroleum Company (NNPC), 10-Member board, was dissolved Friday and the National Executive Council has said that the NNPC spent 3.8 trillion naira in the past three years without approval. Edo state governor Adams Oshiomole briefed State House correspondents about the findings after the inauguration of the National Economic Council at the Presidential Villa…
Kenya’s Q1 Gdp Growth Rises To 4.9 % Y/Y, Tourism Lags
Kenya’s economy grew to 4.9 per cent in the first quarter of the year compared with a revised 4.7 per cent a year ago, though a slowdown in tourism hampered growth, the National Bureau of Statistics said on Wednesday. East Africa’s biggest economy has struggled with a number of challenges in the past year, including…