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2010-09-01 05:40	AllAfrica.com	Nigeria: How Glo 1 Will Revolutionise Telecom, Businesses - Globacom Ahead of the formal launch of Glo 1 international submarine cable, Globacom yesterday presented to stakeholders of the telecommunications industry, unique offers of the multi-million dollar facility....
2010-09-01 05:40	AllAfrica.com	East Africa: Broaden COMESA Free Trade Area - President PRESIDENT Mugabe has urged the Common Market for Eastern and Southern Africa to broaden its Free Trade Area to take on board other regional blocs and move away from exporting primary products in favour of processed goods....
2010-09-01 05:40	AllAfrica.com	Rwanda: Capital Market Needs Support From All Stakeholders Last week, during the launching of the Monetary Policy and Financial statement, the Capital Markets Advisory Council (CMAC) was criticised for not doing much to promote the capital markets....
2010-09-01 05:00	AllAfrica.com	Kenya: New Law Heralds Era of Free Entry And Exit in Trade Getting a new Constitution is a major milestone as it will boost investor confidence and support long-term growth....
2010-09-01 05:00	AllAfrica.com	Kenya: Poor Sales in Tanzania Push East African Cables Into Half-Year Loss East African Cables (EAC) posted a loss in the six months to June due to poor performance of its Tanzanian unit....
2010-09-01 05:00	AllAfrica.com	Kenya: CFC Stanbic Seeks Regulator Reprieve to List on Bourse CFC Stanbic Holding is seeking an exemption from the Capital Markets Authority (CMA) to enable it list its insurance business at the Nairobi Stock Exchange (NSE)....
2010-09-01 05:00	AllAfrica.com	Kenya: Housing Finance's Sh10 Billion Bond to Heat Up Property Market Competition in the property and mortgage financing segment is set to heat up following regulatory approval of Housing Finance's Sh10 billion bond offering....
2010-09-01 05:00	AllAfrica.com	Nigeria: Nation Needs Global Link in Technology - Oputu For Nigeria to position itself for the actualization of the goals of Vision 20:2020, it needs to have an important link in the global production chain in technology, innovation, manufacturing and modern economy, the Managing Director, Bank of Industry (BOI) Limited, Mrs. Evelyn Oputu has said....
2010-09-01 05:00	AllAfrica.com	South Africa: Analyst Predicts Global IT Sector Will Rebound Strongly THE information and technology (IT) industry is expected to make a strong rebound, with the value of the sector expected to reach 3,4-trillion by next year, according to Peter Sondergaard, the head of Gartner global research....
2010-09-01 05:00	AllAfrica.com	South Africa: Stringent Controls in Postbank Bill Parliament's communications committee has introduced stringent controls into the Postbank Amendment Bill to ensure the government's first venture into individual retail banking does not suffer the corporate governance lapses that have characterised several other state-owned entities....
2010-09-01 05:00	AllAfrica.com	South Africa: Coal Quality Causes Load Losses, Says Power Utility ESKOM power stations are losing thousands of megawatts because of the poor quality of coal the utility received from its coal suppliers, Eskom MD for primary energy Dan Marokane said yesterday....
2010-09-01 05:00	AllAfrica.com	South Africa: Surprise Trade Surplus Driven by Coal Exports SA RECORDED a second surprise trade surplus in a row in July which was driven mainly by a surge in coal exports accumulated during a transport workers strike in May....
2010-09-01 05:00	AllAfrica.com	Tanzania: Monetary Policies Credited to Banking Sector A SENIOR banker yesterday credited the thriving local banking sector to positive monetary policies, regulatory framework and technological adoptions, saying Tanzania offered immense opportunities in the banking business....
2010-09-01 05:00	AllAfrica.com	East Africa: Locals Urged to Aim Higher in EAC Market THE local industrialists and farmers have been urged to aim higher if they are to stand any chance in the East African Community (EAC) Common Market....
2010-09-01 05:00	AllAfrica.com	South Africa: Leniency Policy Paying Off, Says Competition Commission The Competition Commission was considering 98 applications for leniency under its corporate leniency policy, Parliament heard yesterday, with the majority of the applications having come from companies involved in supplying the government....
2010-09-01 05:00	AllAfrica.com	Africa: Agri-Projects at 'Unprecedented' Levels THE number of investment projects in the agricultural sector in sub-Saharan Africa is at "unprecedented" levels, Paul Runge, the MD of Africa Project Access, said at an agriculture investment conference in Durban yesterday....
2010-09-01 04:40	AllAfrica.com	Ghana: Private Sector in Distress - Forum Advocates Development Policy A senior fellow at the Institute of Economic affairs (IEA), Mr. Kwadwo Tutu has argued that the popularly-held belief that the private sector is the engine of economic growth will always remain a mirage, if proper policies are not put in place to capacitate it. He said the private sector is not being given the necessary push in an environment that would enable productive ventures to be created, especially since the government is not doing a good job of creating employment....
2010-09-01 04:40	AllAfrica.com	Kenya: World Bank Arm to Present Report on NHIF in Three Months Kenyans have to wait for at least three months to know the findings of an audit by the International Finance Corporation (IFC) on the National Hospital Insurance Fund (NHIF)....
2010-09-01 04:40	AllAfrica.com	South Africa: New State Pay Offer Raises Fear for Deficit, Ratings AS UNIONS canvassed their members yesterday on whether to accept the government's latest wage offer to end a crippling public service strike, analysts warned the terms of the settlement would put the budget deficit under pressure, and may even prompt rating agencies to take a closer look at SA's credit ratings....
2010-09-01 04:40	AllAfrica.com	South Africa: Former SAA CEO Faces New Mismanagement Claims Former South African Airways (SAA) CEO Khaya Ngqula is to be served with new summonses to repay the airline millions of rand spent without authorisation on sports sponsorships....
2010-09-01 04:40	AllAfrica.com	South Africa: Telecoms Player Rejigs Debt with Chinese Loan SA's third and smallest network operator has been burdened by interest-bearing euro-denominated debts that drain its cash each month, contributing to its failure to make a net profit....
2010-09-01 04:40	AllAfrica.com	South Africa: Business Joins Calls for Bank to Cut Rates BUSINESS has joined the clamour for another cut in interest rates after new data yesterday showed borrowing by companies fell in July, signalling private sector investment will stay on the back foot in the near term....
2010-09-01 04:40	AllAfrica.com	Ghana: Transport Company Loses Millions Through Deals More than GHÂ¢5million has been lost to the Metro Mass Transit Limited (MMT) since its establishment in 2003 as a result of various acts of financial malfeasance perpetrated by management and staff of the company, a report of investigations into the operations of MMT has revealed....
2010-09-01 04:40	AllAfrica.com	Angola: Japanese Aid to Build U.S.$2.55 Billion Bridge Needed The Angolan Government Monday, here, asked for financial and technological support from the Japanese executive to build a bridge between the provinces of Zaire and Cabinda, estimated at USD 2.55 billion....
2010-09-01 04:40	AllAfrica.com	Kenya: Technology Stirs Fears of Job Losses Among Teachers Teachers are worried that information technology will render them jobless, it was claimed on Tuesday....
2010-09-01 04:40	AllAfrica.com	Uganda: Bank Systems Leave Homes Unwanted Joseph Kironde's house in Kansanga, an up-market residential suburb of Kampala, looks somewhat misplaced amid the storied multi-roomed properties behind high wall fences and fancy gates. Kironde's house is a four-roomed affair, with whitewashed walls, sitting on the edge of a well-kept lawn and no gate. Kironde, 62, is very proud - and lucky, to have it....
2010-09-01 04:40	AllAfrica.com	Tanzania: Firms Save Millions in Investor Relations Public companies are promising shareholders greater value from money saved in the ongoing shift to electronic communication....
2010-09-01 04:40	AllAfrica.com	Africa: African Air Transport Up 13 Percent - Iata African airlines registered a record performance in passenger traffic in July, says the International Air Transport Association (Iata)....
2010-09-01 04:40	AllAfrica.com	Tanzania: Co-Op to Export Processed Coffee A Kigoma producer cooperative union will set up a plant for grinding and packing coffee....
2010-09-01 04:40	AllAfrica.com	Tanzania: Bank Changes Name BOA Bank Tanzania Limited has a new name. It is Bank of Africa Tanzania Ltd....
2010-09-01 04:40	AllAfrica.com	Nigeria: Fiscal Responsibility is Only a Part of the Problem When the Fiscal Responsibility Act was enacted in 2007, the noise and hype was all about prudent management of public expenditure and resources. Now we have a law that would mitigate corruption and inefficiency, ensure funds are judiciously utilized and reduce unnecessary resort to debt financing....
2010-09-01 04:40	AllAfrica.com	Kenya: Route Clear as Cars Head to Kajiado It's all systems go as this year's KCB S&L Mortgages Rally heads back to Kajiado....
2010-09-01 04:40	AllAfrica.com	Uganda: Transporters Storm URA Warehouse The Uganda transporters union on Tuesday stormed the Uganda Revenue Authority warehouse on Entebbe Road and intercepted two trucks with suspected excess axle load....
2010-09-01 04:00	AllAfrica.com	Mozambique: Coconut Lethal Yellowing Disease Affects Over 110,000 Hectares Coconut Lethal Yellowing Disease in the central province of Zambezia is affecting the livelihood of the local population, especially residents of the districts of Chinde, Inhassunge, Nicoadala, Namacurra, Maganja da Costa and Pebane, reports the daily paper "O Pais"....
2010-09-01 04:00	AllAfrica.com	Mozambique: Exports Dropped 19 Per Cent in 2009 Mozambican exports dropped by 19 per cent in 2009 compared to the previous year, with the main reasons being a fall in demand in international markets coupled with low prices....
2010-09-01 04:00	AllAfrica.com	Uganda: Works Engineer Dies in Accident An official in the works ministry and another unidentified female passenger died instantly when their car crashed head-on with a bus at Kyazanga on the Masaka-Mbarara highway....
2010-09-01 03:40	AllAfrica.com	Uganda: BAT Posts Shs3.5 Billion in Profits British American Tobacco shareholders will net month earn Shs70 per share as dividends....
2010-09-01 03:40	AllAfrica.com	Uganda: Mbarara Mixed Farmer Turns Home Into Training Centre Friesian cows grazing from clean paddocked farms greet any traveller on the Mbarara-Ibanda Road. Mr Patrick Byaruhanga a prominent farmer owns one of them near Nyakisharara airstrip, eight kilometres from Mbarara town. Dairy cows stroll on the farm grazing on dry pasture....
2010-09-01 03:40	AllAfrica.com	Uganda: NARO Releases Two Apple Varieties The National Agricultural Research Organisation (Naro) at Kabale zonal centre has released two apple varieties for cultivation in Uganda after 10 years of vigorous research....
2010-09-01 03:40	AllAfrica.com	Uganda: Borrow a Leaf From Cuba On Youth Policies As we move closer to the 2011 general elections, youth unemployment still remains a thorny issue for politicians to address....
2010-09-01 03:40	AllAfrica.com	Uganda: Wooden Plane Lands in Arua Security officials in Arua are still wondering how an aircraft made of mainly wood, aluminium and plastic paper, landed at the district airstrip without the knowledge of the country's aviation authorities. The police have detained a 30-year old Dutch pilot, a self- confessed architect of the two-seater aircraft at Arua Central Police Station on charges of illegal entry into the country....
2010-09-01 03:40	AllAfrica.com	Rwanda: Tigo Moves Offices Tigo Rwanda has moved the company's head offices from Nyarutarama, to new, more corporate and spacious office premises in Muhima in the city centre, according to a company official....
2010-09-01 03:40	AllAfrica.com	Rwanda: Gorillas Nest Lodge Set for Completion Work on a first class hospitality facility in Kinigi, Musanze is set to be completed by the end of this year, according to a top official in the Rwanda Development Board (RDB)....
2010-09-01 03:40	AllAfrica.com	Uganda: Fort Portal Town Closes School Road The closure of an access road by Fort Portal municipal council has drawn protests from parents of Green Circle Primary School in Kabarole district....
2010-09-01 03:40	AllAfrica.com	Uganda: Revealed - Government Secretly Pays Shs46 Billion to Basajjabalaba Government has secretly been paying businessman Hassan Basajjabalaba part of Shs46 billion he claims in compensation for city markets that were leased to his company and then taken back....
2010-09-01 03:40	AllAfrica.com	Ghana: Civil Society Slams Kosmos, ExxonMobil Agreement Termination CJA, aka Committee for Joint Action, has descended heavily on Kosmos Energy for the termination of the Sales and Purchase Agreement it entered into with ExxonMobil....
2010-09-01 03:40	AllAfrica.com	Uganda: Accountants Advised On Ethical Practice Financial managers in Uganda have been advised to place professional ethics at the centre of their operations as the best way of managing risk within their companies. Mr Lamin Manjang, the managing director of Standard Chartered Bank Uganda said: "It's important that as professionals, we take ethical conduct very seriously. Ethical conduct leads to higher profits, reduced fraud, and less losses incurred by an organisation." Mr Manjang was addressing members of the Association of Chartered Certified Accountants (ACCA) Uganda at a conference in Kampala....
2010-09-01 03:40	AllAfrica.com	Uganda: Cybercrime Prevention Centre Launched A cybercrime prevention centre has been launched in Uganda to fight crime related to the misuse of the internet and such other technologies....
2010-09-01 03:40	AllAfrica.com	Uganda: Experts to Discuss Fuel Adulteration Experts from the fuel industry will tomorrow gather in Kampala to brainstorm on the increasing adulteration of the commodity. The meeting is a result of the growing sale of substandard fuel, which is smuggled into the country or tampered with....
2010-09-01 03:00	AllAfrica.com	Africa: New Maize Types Answer to Food Woes, Says Study A new study released on recently developed drought-tolerant maize varieties says that widespread adoption could boost harvests in 13 African countries by 10 to 34 per cent....


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