Sunday, May 29, 2016

LATEST NEWS

Petroleum

Niger Set to Begin it Sale of Petroleum Products

Niger is set to begin sale of its petroleum products, bringing much needed revenue and oil market cost stability in the country. Niger's oil refinery, Soraz, will resume the sale of its petrol products,...
green energy

Somalia Gets Its Turn At Green Energy and Green Jobs

Unemployment has been the major catalyst driving the poor socio-economic makeup of Somalia for decades. Thousands have been forced to leave their homes, in search of work and a better life. With the unemployment rate...
Coal power plant

Coal Output Slump Hits Power Plants

A slump in coal output has reduced the Zimbabwe Power Company’s electricity generation capacity to around 1,000MW from about 1,200MW. Power generation statistics as of yesterday morning indicated Munyati Power Station was producing 27MW, Bulawayo 23MW,...
Tony Elumelu

Tony Elumelu Supports Agricultural Transformation in Africa

Nigerian billionaire businessman and philanthropist Tony Elumelu  on Friday pledged his support to transforming the agricultural sector in Africa, saying entrepreneurs in agriculture should be up-skilled with more focus given to vocational and technical education. Elumelu, chairperson of Heirs...
fuel

Fuel Challenges in Nigeria Affects Flights

The fuel challenges in Nigeria have caused delayed flights, airlines reducing the number of passengers and rescheduling or cancelling of flights. “We are operating our Accra-Lagos-Accra flights. Given the aviation fuel challenges in Nigeria, we have...
interbank Rates

Nigerian Interbank Rates Take a Dive

May 27 Nigeria's overnight interbank rates eased to an average of 5 percent for overnight lending on Friday, down from 9 percent last week in anticipation of April budgetary allocations disbursal to government agencies. Nigeria,...
Free Trade Zone

China Sets Sights On Largest Free Trade Zone in Africa

China has set its sights on constructing the largest free trade zone set to build the largest free trade zone in the Horn of Africa, Djiboutian Finance Minister Ilyas Moussa Dawaleh has said. The Horn...
Orange SA

Orange Said to Mull Bid for Some Millicom Assets in Africa

Orange SA started informal talks with Millicom International Cellular SA to buy some of the emerging-market focused company’s operations in Africa, according to two people familiar with the matter. The French mobile company is considering...
Gold

Gold Takes a Hit On The Global Market

Gold dropped to the lowest level in seven weeks. Bullion for immediate delivery fell as much as 0.5 percent to $1 220.90 an ounce, the lowest since April 6, and traded at $1 221.02...

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