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2010-02-08 19:20	AllAfrica.com	Africa: A Stronger Nepad Secretariat Vital One of the key decisions taken at the end of the 14th summit of the African Union last week was to establish a new body to take over the functions of the secretariat of the New Partnership for Africa Development (Nepad)....
2010-02-08 18:20	AllAfrica.com	Kenya: Lack of Power Hampers Rural Mobile Uptake Lack of power is to blame for the slow expansion of the mobile phone network in rural areas, Safaricom chief executive, Mr Michael Joseph, said on Monday, adding that although the firm was committed to expanding its network coverage in these areas, the exercise had been expensive....
2010-02-08 18:00	AllAfrica.com	Nigeria: Foreign Bank Buys Into 3 Troubled Banks THE European Investment Bank, EIB, is to buy into some of the nation's troubled banks, Vice President of the Bank, Mr. Plutarchos Sakellaris has said....
2010-02-08 17:00	AllAfrica.com	Kenya: Banks Must Stick to the Law on Interest Charges Those who have been keenly following the on-goings in Kenya's courts of law know that relief, though very gradually, has been coming to borrowers who have long bore the wrath of lenders for failing to pay up their debts in time....
2010-02-08 15:40	AllAfrica.com	Tanzania: Traders Threaten to Desert Makumbusho Market TRADERS at Makumbusho market in Kinondoni District, Dar es Salaam are reportedly threatening to abandon the market because of poor infrastructure....
2010-02-08 15:20	AllAfrica.com	Nigeria: IMB Piracy Reports and Implications for Nigerian Shipping The managing director of Genesis Worldwide Shipping, Emmanuel Iheanacho, is worried. His worry stems from the branding of Nigeria as a sea pirate-prone country, a situation, which has made business very difficult for ship owners....
2010-02-08 15:00	AllAfrica.com	Seychelles: Companies Push Hard to Halt Tuna Collapse In the Seychelles' only cannery, the din of thousands of empty tuna cans rattling on narrow metal troughs is incredible as they bustle along, soon to be filled with Skipjack tuna that only days ago were swimming freely in the inky blue Indian Ocean....
2010-02-08 14:00	AllAfrica.com	Nigeria: An Appeal to MEND LAST November, barely a month after the Federal Government rounded off its amnesty programme, complaints began about the programme....
2010-02-08 11:40	AllAfrica.com	Mozambique: Appreciation of Rand Drives Prices Up The Mozambican currency, the metical, has not undergone any significant devaluation in recent months, according to the governor of the Bank of Mozambique, Ernesto Gove....
2010-02-08 11:20	AllAfrica.com	Uganda: Teachers Want Social Security Investment Not Bicycles In his article in Daily Monitor of February 1, Moses Byaruhanga proposed that if they were to be realistic in view of the resource envelope, they could buy teachers bicycles. I think, he meant the government. What! Why such a thinking? After the UPE progress, lunch should be considered a priority issue in the provision of education service....
2010-02-08 11:20	AllAfrica.com	Ghana: The Silent Observer - Will a National Driving Academy Be the Answer? The causes of road accidents are well known to us yet we seem helpless in finding lasting solutions that could stem the tide of these accidents and their accompanying fatalities....
2010-02-08 10:40	AllAfrica.com	Sierra Leone: World Bank Impressed With African Govts The World Bank president has voiced his satisfaction at the actions taken by African governments to deal with the global economic crisis....
2010-02-08 10:20	AllAfrica.com	Nigeria: Militants Destroy Shell Facility in Rivers A coalition of militant groups in the Niger Delta, the Joint Revolutinary Council said its affiliates have sabotaged a major oil facility in the region....
2010-02-08 10:20	AllAfrica.com	Nigeria: Nigeria's Fuel of Pains Dr. Rilwanu Lukman is the minister of petroleum resources. He had occupied the same position 20 and three years ago, in 1987, under the regime of the ,military president, General (rtd) Ibrahim Babangida. He was among the young northern turks, mostly from the royalty, who were assembled in the 1960s to go and get that 'western education that makes the south proud' by the late Premier of the Northern region, Sir Ahmadu Bello, the Sarduana of Sokoto....
2010-02-08 10:20	AllAfrica.com	Nigeria: Oteh Reads the Riot Act to Capital Market Operators Director General, Securities and Exchange Commission (SEC) Ms Arunma Oteh has said that the era of sharp practices is over as the commission under her leadership would not tolerate any form of impropriety or sharp practices in the country's capital market....
2010-02-08 10:20	AllAfrica.com	Africa: UK Flexes Muscle in Scramble for Africa Trade Deals The UK government has signed a pact with three African trading blocs that would see it play a more critical role in the planned merger and economic development in the region, signalling intention to solidify its influence in Africa in the wake of an onslaught by China....
2010-02-08 09:40	AllAfrica.com	Nigeria: SEC to Implement Zero Tolerance Policy, Warns Market Operators The newly appointed Director General of the Securities and Exchange Commission (SEC), Ms Arunma Oteh , said yesterday that the Commission would implement zero tolerance policy and warned operators in the capital market to desist from sharp practices capable of eroding investors' confidence in the market....
2010-02-08 09:20	AllAfrica.com	Ghana: No Tax Incentives for Spare Parts Imports The Minister of Trade, Ms. Hannah Tetteh, has stated that the spare parts dealers at Abossey Okai, who are mostly importers of spare parts, especially used ones cannot access tax incentives....
2010-02-08 09:20	AllAfrica.com	Ghana: The Silent Observer The causes of road accidents are well known to us yet we seem helpless in finding lasting solutions that could stem the tide of these accidents and their accompanying fatalities....
2010-02-08 09:20	AllAfrica.com	Nigeria: Road Accident Claims 14 in Niger A fatal road accident which involved a trailer and a Peugeot J5 bus, yesterday claimed 14 lives along Gwada-Minna road....
2010-02-08 09:20	AllAfrica.com	Nigeria: Oando's IPP Powers Water Corporation Lagos Oando Plc is now set to launch its first ever Independent Power Project (IPP), Akute Power Limited. This followed the successful completion of the power plant, which now supplies Lagos water works 24-hour uninterrupted power supply....
2010-02-08 09:00	AllAfrica.com	Zimbabwe: Minister Returns Govt Vehicles MINES Minister Obert Mpofu has returned two top-of-the-range vehicles an Isuzu and a Pajero he illegally took away from the Ministry of Industry and International Trade when he changed portfolios last year....
2010-02-08 09:00	AllAfrica.com	Zimbabwe: Bickering in GNU Dampens ZSE Trade THE value of trade on the Zimbabwe Stock Exchange (ZSE) declined by a third in January from the previous month as political uncertainty and the liquidity crunch took a toll on the market despite a slash in transactional costs....
2010-02-08 09:00	AllAfrica.com	Zimbabwe: Shabanie Mine Shooting - Fire Destroys Case Record SHABANIE Mine's wage dispute, which last year saw police shooting two workers during a peaceful demonstration, has taken a new twist following a break-in at the offices of lawyers representing employees in the case....
2010-02-08 09:00	AllAfrica.com	Zimbabwe: Workers Left in a Lurch After Training Centre Changes Hands ABOUT 50 workers at St Lucia Park Training and Conference Centre in Harare face a bleak future after the Reserve Bank of Zimbabwe and the Zimbabwe Revenue Authority donated the place to Zimbabwe Defence Forces....
2010-02-08 08:40	AllAfrica.com	Central Africa: BEAC Amidst Daunting Challenges The new Governor will, among other things, strive to restore the bank's credibility mired in financial impropriety....
2010-02-08 08:40	AllAfrica.com	Nigeria: Power Sector - Country Needs N600 Billion Annually As power generation drops by 1000MW (from the 3700MW in December 2009 to 2700MW as at February 2010), Minister of Power, Dr. Lanre Babalola, has said Nigeria will need to invest N 600bn annually in the sector....
2010-02-08 08:40	AllAfrica.com	Nigeria: Tracking Vandals of PHCN Installations Nigeria is full of ingenious and creative young men, no doubt, such that if given the opportunity, they can propel the nation into the technological dreamland. Unfortunately, very little or nothing is known about them. Even when they are discovered, nothing is done to encourage and promote their inventions....
2010-02-08 08:40	AllAfrica.com	Ghana: Timber Operators Seek Inclusion in Afforestation Programme The Government has been urged to involve 'Plantation Timber Operators' in the national afforestation programme, launched in January by President John Evans Atta Mills, to maximize the outcome....
2010-02-08 08:20	AllAfrica.com	Nigeria: It's Bank Phbust for Chukwumah Controversies are still trailing the August 14 and October 2, 2009 decisions of the Governor of Central Bank of Nigeria (CBN), Lamido Sanusi, to reform and revitalise the Nigerian money market. Some of the decisions consequently led to the sack of some bank chief executive officers and their senior management, some of who are still standing trials, some answering calls in appellate courts, and some still at large....
2010-02-08 08:20	AllAfrica.com	Nigeria: Yar'Adua's Awol And Economy President Umaru Yar'Adua's absence without official leave (AWOL), now into its 78th day, for medical treatment at the King Faisal Specialist Hospital, Jeddah, Saudi Arabia, is taking a huge toll on the nation's economy as well as grinding the ship of state to a halt. Group Business Editor, ROTIMI DUROJAIYE, reports that the absence of the President poses great risks to everything from oil and banking reforms to peace in the oil-producing Niger Delta....
2010-02-08 08:20	AllAfrica.com	South Africa: Student Hit By Train And Lives to Tell Tale A 20-year-old American student is "very lucky" to be alive after she was hit by a train in Stellenbosch....
2010-02-08 08:20	AllAfrica.com	Nigeria: The Missing 90 Million Litres of Fuel It is surprising that several weeks after the Federal Government announced that a probe was being conducted by the Economic and Financial Crimes Commission (EFCC) into the 90 million litres of fuel that got missing last December, nothing else has been heard on the matter. This is more so as the strangulating fuel scarcity continues unabated....
2010-02-08 08:00	AllAfrica.com	Nigeria: Total Opens Creche For Working Mothers Nigeria's downstream market leader, Total, is injecting empathy in its business culture by addressing the concerns of mothers on its staff....
2010-02-08 07:20	AllAfrica.com	Nigeria: Niteclub Owner, Mac Dee, Woos Investors For Imo Macdonald Nsonwu, owner of the new Do It All Entertainment Centre in Owerri, the capital of Imo State has called on well meaning indigenes of Imo State to rally round the present government in the state in its effort at developing the state. The new entertainment centre is where 40-40 Nite Club, the rave of the moment in the heartland....
2010-02-08 06:40	AllAfrica.com	Nigeria: EFCC, Microsoft to Fight Cybercrime THE Economic and Financial Crimes Commission, (EFCC) in partnership with Microsoft has identified music as a veritable tool to tackle the menace of cybercrime in Nigeria....
2010-02-08 06:40	AllAfrica.com	Nigeria: Bankers Examine Issues of Credit Administration, Debt Recovery As the Central Bank of Nigeria is currently addressing the critical issues of increased defaults in loans by borrowing customers which led to the escalated volume of bad, doubtful debts and other risks in the financial services industry, Bankers, Regulatory bodies, Legal Practitioners, Law enforcement agencies and other financial consultants gather in Lagos to examine the way forward to administering credit in other to avoid further occurrence....
2010-02-08 06:40	AllAfrica.com	Africa: Ecobank to Manage Bill & Melinda Gate's U.S.$6 Million Grant Ecobank has received $6 million grant from the Bill & Melinda Gates Foundation to promote low-cost savings accounts in rural and poor neighborhoods in Africa....
2010-02-08 06:40	AllAfrica.com	Nigeria: Skye Bank Confirms Durosinmi-Etti GMD-Designate As if bowing to the precedence set earlier by two other rivals, the board of Skye Bank Plc, on Friday named Kehinde Durosinmi-Etti, its deputy managing director, as managing director and chief executive designate to replace the incumbent, Akinsola Akinfemiwa....
2010-02-08 06:40	AllAfrica.com	East Africa: Private Sector to Focus On EA Market The Tanzania Private Sector Foundation (TPSF) will carry out a campaign to educate its members on benefits and challenges of the East African common market....
2010-02-08 06:40	AllAfrica.com	Nigeria: Beyond Success Story of Telecoms Sector The recent revelation by the Vice Chairman/C.E.O. of the Nigerian Communications Commission, NCC, Dr Ernest Ndukwe, that the nation has attracted a whopping N2.7 trillion ($18bn) from direct and foreign investment in the first decade of the telecommunications industry is a welcome development. So far, the country, which is 99.5 per cent wireless, boasts of about 75 million lines, with some 50 million spin-off jobs already created. Similarly, Nigeria is credited as the fastest growing network on the continent and often proudly quoted as a reference point by the International Telecommunications Union, ITU. This is equally heart-warming....
2010-02-08 06:20	AllAfrica.com	Nigeria: Delta Awaits Approval For U.S. Airways Slot Swap Executive management at Delta Air Lines expects to receive regulatory approval for its slot swap with US Airways in New York and Washington by the end of January....
2010-02-08 06:20	AllAfrica.com	Nigeria: Abah Reassures On Vision 2020, Woos Japanese Investors Minister of State for Commerce and Industry, Mr. Humphrey Enemakwu Abah has reassured Nigerians that the federal government is not relenting in making Nigeria, one of the world's 20 most viable economies by the year 2020....
2010-02-08 06:20	AllAfrica.com	Nigeria: TUC Expresses Worry Over Fuel Scarcity The TUC President, Mr Peter Esele, on Monday expressed worry that the fuel scarcity experienced nationwide might not end until March....
2010-02-08 06:20	AllAfrica.com	Nigeria: Chevron Oil Nigeria Transforms to MRS Oil Nigeria One of Nigeria's, oil major, Chevron Oil Nigeria Plc, transformed, MRS Oil Nigeria. The formal change of name by the oil major followed an earlier notification of the Nigerian Stock Exchange to that effect....
2010-02-08 06:20	AllAfrica.com	Nigeria: Patronize Local Auto Products, NAC Urges Government Lack of patronage from Federal, State and Local Government in the country has been identified as one of the factors stalling the needed growth in the automotive sector in Nigeria ....
2010-02-08 06:20	AllAfrica.com	Nigeria: NLC Raises Alarm Over Deductions From Oyo Teachers Salaries The Nigeria Labour Congress (NLC) has raised an alarm over forceful deductions from the salaries of public primary school teachers by Oyo State government, a fund which the labour said has already run into millions of naira....
2010-02-08 06:20	AllAfrica.com	Nigeria: Ebonyi And Nigercem The on-going bickering between the Ebonyi State Government and Eastern Bulkcem Company Limited over ownership and control of Nigeria Cement Company Plc, Nkalagu, (NIGERCEM), has raised fundamental issues of concern that need to be addressed in the interest of all....
2010-02-08 05:40	AllAfrica.com	Nigeria: Debt Overhang - NNPC Set to Confront FAAC The stage may have been set for a long drawn battle between the Nigerian National Petroleum Corporation (NNPC) and Federation Account Allocation Committee FAAC, over the 1.1 Trillion Naira debt owed the NNPC by the Federal Government and the February 12th deadline given to NNPC to begin a process for the payment of N450 Billion owed it FAAC....
2010-02-08 05:40	AllAfrica.com	Nigeria: Customs Accused of Dirty Deals At Seme Border President of the Nigerian Labour Co-operative Society (NLCS), Yakubu Imam; Managing Director of FCB Redline, Esan Sunday, and Secretary General of NLCS, Louis Odeigah, exchanging Memorandum of Understanding (MOU) between NLCS and FCB Redline on the proposed international cooperative conference to be managed by FCB Redline in Abuja....


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