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Tanzania has closed its offshore anchoring slots for tankers believed to be misusing the facility for dubious sale of oil on the high seas.
Regional leaders put on some serious moves when they signed the Protocol for a Common Market for the East African Community on November 20.
Poor infrastructure, persistent non-tariff barriers and frequent policy reversals are worrying the business community in East Africa even as the region moves towards a fully fledged Customs Union and a Common Market.
Revenue authorities in the East African Community will start charging uniform withholding tax on dividends and royalties.
Central Bank of Kenya is asking borrowers in East Africa to negotiate for loans at more affordable interest rates.
The sugar industry in Southern Africa is a success story.
Millicom International Cellular has finally gone live as the third national mobile operator in Rwanda, with a initial capital investment of about $50 million.
The global currency trading market is a multi-trillion-dollar business where world currencies are exchanged back and forth on a daily basis.
Bad loans continued to batter the East African Development Bank, which posted a second straight loss for the past fiscal year as investors held on to money they had promised to advance the Bank for on-lending.
East Africans will take longer to benefit fully from the Common Market, as it emerges that the deal is finally here, there are a number of restrictions that will not be conclusively removed until 2015.
The House of Representatives Committee on Privatisation has commenced investigations into the repeated but unsuccessful sale of the Nigeria Telecommunications Limited (NITEL) and its mobile subsidiary, Mobile Telecommun-ications Limited (MTEL).
Managing Director, Fan Milk Plc, Jens Mollen-bach, has appealed to the Federal Government to improve on power supply, and lamented operating cost in terms of power generation, which he described as quite demanding.
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has petitioned the Minister of Petroleum Resources over the proposed retrenchment of over 70 per cent Nigerian employees by management of Conocophillips Nigeria Limited.
President Umaru Musa Yar'Adua, last week laid before the two houses of the National Assembly (NASS) the 2010 Appropriation Bill. Yar'Adua did so, shortly before traveling to Saudi Arabia for further medical attention. Perhaps, he could have read the budget at a joint session of the NASS had both chambers agreed on the venue of the meeting.
Omatek, the first computer company to be listed on the floor of the Nigerian Stock Exchange, shortly, after it exited the SME scheme, last Tuesday presented its facts behind the figures to stock brokers in Lagos with a proposed divided of N174 million.
AT least 12 luxurious four-wheel-drive vehicles have been purchased at a whooping sh238m each by the Parliamentary Commission.
Honourable Minister of State for Information and Communications, Alhaji Aliyu Bilbis last week, in Lagos said Globacom , Nigeria 's national telecoms operator has proven that it is a reliable partner in the achievement of the cardinal objective of President Umar Musa Yar'Adua administration's 7-point agenda through the launch of Glo Broad Access,
The second Nnewi International Auto Trade Fair was weekend flagged off by the Anambra State Governor, Mr Peter Obi, during which the first made in Nigeria vehicles manufactured by an indigenous company in Nnewi, Innoson Nigeria Limited was unveiled. The fair will end on December 7.
A Nigerian oil vessel, christened "African Prince", has been jointly seized by the Ghanaian Air Force and Navy in Tema.
One person was feared dead and 27 others injured in an accident involving a truck at the Gwandu Birnin-Kebbi junction in Kebbi State in the early hours of yesterday.
The management of the Nigeria Railway Corporation has commended Governor Namadi Sambo of Kaduna State over the resuscitation of rail services in the state, just as it commended President Umaru Musa Yar'Adua for awarding the contract for the construction of a rail line from Kaduna to Abuja.
For effective delivery of the federal government's policies and programmes all ministries, departments and agencies (MDAs) have been called upon to emulate the Federal Road Safety Corps (FRSC), which performs its statutory functions with total commitment, zeal and utmost sense of responsibility.
Rwanda's coffee revenues will drop by 9.5 percent this year to $42m (Rwf23.7b) from $46m (Rwf26.1b) last year due to low levels of output, top Ocir-café official said at the beginning of this week.
Officials from the Economic Community of the Great Lakes Countries (CEPGL) member states of Rwanda, Burundi and DRC, along with experts from Belgium and the African Development Bank (AfDB), are meeting in the Congolese town of Goma to discuss the possibility of reviving the defunct regional development Bank, BDEGL.
The Minister of Niger Delta Affairs, Chief Ufot Ekaette, on Sunday threatened to revoke the contracts for the construction of the 337 km East-West road.
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