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Pirates today fired rocket-propelled grenades and automatic weapons at a 330-metre long oil tanker sailing 1,000 miles from the Somali coast.
Chinese premier Wen Jiabao has offered Africa $10b in concessional loans over the next three years along with a range of other measures aimed at strengthening African-Chinese ties.
The proposed Petroleum Industry Bill (PIB), has continued to receive knocks from stakeholders and other concerned individuals and groups with workers in the upstream sector of the petroleum industry faulting among others, the absence of specific provisions on expatriate quota and local manpower training.
Given the billions of dollars and euros that the U.S. and EU spend on trade-distorting support measures and the intractable lobby groups demanding these subsidies, these rich states' promises to reduce such amounts will come to nought. It makes no sense for poor African states to allow these goods to flood their markets.
Efforts of the embattled former Chairman of the Nigerian Ports Authority, (NPA) Chief Olabode George and five others to secure a temporary relief from the judgement of an Ikeja High court that jailed them over the NPA scam hit the rock today as the same court refused their request for bail pending appeal.
ABOUT two million Nigerian auto mechanics may soon be forced out of the labour market as a result of obsolete knowledge, the Federal Government had warned.
East African Community member states are closer to having an integrated e-health regional information network to identify, confirm and respond rapidly to outbreaks of international ramifications.
CHARL Senekal holds up a clod of Libyan soil and lets it trickle through his fingers. Behind him endless rows of neglected olive trees stretch into the distance. "This place is easy to fix," says the jovial barrel-chested farmer. "We could turn it into a paradise."
Governor of the Central Bank, CBN, Mr. Lamido Sanusi, has vowed that there will be no respite for banks on corporate governance, insisting that this will help rid the industry of criminals.
President Paul Kagame yesterday addressed the opening ceremony of the fourth Forum on China-Africa Cooperation held in Sharm el-Sheikh, Egypt.
Ghana's jubilee fields will start pouring oil in commercial quantities in the last quarter of 2010, but Ghana could end up with a paltry 14% stake in the fields if it fails to stall the Exxon, Kosmos deal.
The two diesel fired back-up power stations that can provide Maputo with electricity in the event of interruption to the normal power supply are being converted to run on natural gas, according to a report in Monday's issue of the Maputo daily "Noticias".
Seven suspected Somali pirates who attacked a French fishing vessel two weeks ago were on Monday handed over to Kenyan police by a German army.
Geothermal Development Company will fast-track the exploration and exploitation of geothermal energy in the country to increase the country's power output.
At a recent durbar held in Ashaiman at the instance of the Ghana Trade and Livelihoods Coalition (GTLC), farmers drawn from different parts of Ghana came together to register their displeasure for not receiving the needed support from government.
As Gill Marcus takes over as Governor of the Reserve Bank today, economists have praised her experience in the banking sector.
The federal government yesterday explained why utility vehicles attached to the former Head of State and two-time presidential candidate of the All Nigeria Peoples Party (ANPP) General Muhammadu Buhari, were withdrawn.
There are regrettable flaws in recent government moves to deregulate the downstream oil sector. The cost to the nation is equally regrettable. When on October 10, Mr. Aminu Babakusa, the Group Executive Director, Commercial and Investment of Nigerian National Petroleum Corporation (NNPC), announced November 1, 2009 as the date for commencement of the full deregulation of the sector, he could only ...
Reports that Uganda manufacturers unsuccessfully tried to push for an extension of the East African Customs Union transition period by another five years are both good and bad news.
When embarking on the privatisation exercise meant to restructure its economic system, the Tanzanian government had pledged to remain as a partner that would be responsible for ensuring working economic policies and providing appropriate infrastructure for the private sector to build the economy upon.
For a capital city, the state of Kampala's roads is appallingly inapt and an embarrassment. With the current heavy rains, potholes are increasing by the day. At peak hours, commuter cars, private cars, heavy trailers, boda boda cyclists and pedestrians have to compete on the narrow roads, making driving in Kampala an agonising inconvenience.
Foreign direct investment (FDI) in the East African Community (EAC) member states has grown significantly from $629 million registered in 2002 to $1.7 billion in 2007.
Traders in Uganda, Kenya, Ethiopia and Djibouti will have their turnaround time on roads while transporting their goods from within and outside the countries reduced because of the planned improvement in the region's road infrastructure.
Cement from India, China and Pakistan into the East African Community (EAC) member states is hurting local manufacturers since it is sold 50% and 60% cheaper than the local price.
Burundi has one of the lowest internet usage in the world with only 0.7% of the total population of 8million people connected. This ranks Burundi 11th from bottom, the worst being East Timor, an island nation in the East Indies with 0.1% and a population of 1.1 million people. In the western world, the usage in some countries goes as high as 82% in the Netherlands and 74% in the USA and Japan. ...
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