GROWTH in the economy could be reduced by as much as 1,5 percentage points over the next three years if power utility Eskom got the go-ahead for its revised tariff hikes, SA's largest business group warned yesterday.
President Umaru Yar'Adua's health challenges may have partially eclipsed the 2010 budget debate, but what the federal legislators would eventually make of the N4.07 trillion appropriation bill will still be of keen interest to Nigerians.
House of Representatives yesterday declared null and void the decision of the federal government to take a $300 million from the World Bank. The federal lawmakers predicated their action on the grounds that the National Assembly was not consulted before government commenced negotiations for the loan
Politicians should not be allowed to administer development funds, a new study recommends.
After two days of controversy-ridden debate, Parliament has finally given the green light to a project aimed at leasing the Mombasa-Malaba highway for 30 years to a private investor.
A case against nine Somalis accused of piracy stalled on Thursday when two witnesses failed to show up.
THE government has renewed its intention to issue Eurobonds next year to finance infrastructure development in the country.
Barely few weeks to the effective take off date for the global ban on the importation of all Ozone Depleting Substances (ODS) in January 2010, leading manufacturers of refrigeration, foam, fire-fighting, solvent, aerosol and agricultural have began industrial conversion of production lines to ODS free technologies, processes and substances. The deal is coming on the heels of affordable access to ...
After considering the complains and risks posed by the present location of the Benin airport to neighbouring residents especially the expansive palace of the monarch, Oba Erediauwa, the Federal Government is now proposing the relocation of the airport from its present site.
Ahead of the approaching festive season of Christmas and New Year, the Lagos State Government has commenced a massive rehabilitation and maintenance of identified bad spots in all the Local Government/Local Council Development Areas in the State. This is as the Special Adviser to the Governor on Works and Infrastructure, Mr. Ganiyu Johnson assured motorist and other road users that most of the bad ...
TANZANIA faces an acute shortage of specialised personnel in tourism and hotel managements, which has forced some hotel owners to employ foreign experts.
GROWTH rate of extended broad money supply in September stood at 19.5 per cent almost the same as the rate recorded in the preceding month, but lower than 21.2 percent recorded in the year ending September 2008.
It is a sensible expectation that whenever any nation seeks to craft and enact a new constitution, it is also faced with both political and economic decisions.
Global aviation industry has said use of biofuel will play a key role in helping it meet its carbon dioxide emission reductions targets to ease the pace of climate change, offering a major opportunity to farmers in countries like Kenya now venturing to growing biofuel crops.
Kenya has finalised plans to set up regional integration centres at key border points with neighbouring countries from January next year as the East African Community (EAC) prepare to dismantle their custom systems to ease cross-border commerce.
Marxist Lenin once quipped that "Politics always obediently follows economics".
President of Sierra Leone Ernest Bai Koroma, employing the powers vested in him as commander-in-chief of the armed forces, recently issued an executive order authorising a joint contingent of military and police forces to patrol the streets of Freetown and the major provincial towns to fight a brazen upsurge in armed robberies in the capital city.
IT is no longer news that the Yar'Adua government can now beat its chest and claim to have chalked up some sort of achievement in an otherwise barren and arid tenure.
Mr Abubakar Mahmoud (SAN), is our guest for the week. In this interview, he spoke on the controversy trailing the delay in passing into law the Freedom of Information bill still pending before the National Assembly and concluded that the lawmakers must urgently act on the bill, realising that FOI is a human rights issue.
CENTRAL Bank of Nigeria Governor, Sanusi Lamido Sanusi has lost the gusto with which he spoke about his banking reforms.
Some 80,000 equities investors under the collapsed Discount Securities can soon resume trading after their shares were formally migrated to the custody of Co-operative Bank of Kenya, in a tripartite agreement on Wednesday.
Ugandans are using Facebook in amazing ways. While many bosses may frown at the amount of time their workers waste on Facebook, it seems some Ugandans have realised that it is a huge mobilisation tool.
In a Sh2 billion initial investment, Telkom Kenya has launched trials of its 3G service in Nairobi, but frets over the $25 million license fee, as being out of reach for growing networks.
Bank of Africa Kenya (BOA) has increased its core capital in a strategy aimed at boosting its capacity to finance big projects.
A client whose medical cover was terminated by a health provider following a dispute in payment now wants to sue the company for contempt.
