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Campaigners from fifty countries from around the world meeting in Montreal, Canada to strategise on pushing further the frontiers of transparency in oil, gas, and mining industries, have blamed opacity in oil and mineral licensing for the bad deals natural resource-dependent countries are often saddled with.
President Paul Kagame yesterday met and held talks with a group of investors who are in the country on a two-day visit aimed at identifying different investment opportunities.
International banking group, Standard Chartered Bank says that its conservative approach to business is the reason why the bank has been successful over a long period of time and they are confident the strategy will continue to pay dividends in future.
A former Finance Minister in the previous administration of the New Patriotic Party (NPP), Mr. Yaw Osafo-Maafo has lauded the National Democratic Congress (NDC) government's decision to re-introduce the duty tax on importation of rice and other staple foods into the country. He has, however, cautioned the government to support local production to avert possible shortages.
The strong rally witnessed on the Zimbabwe Stock Exchange in the previous week immediately came under a check during the week ended yesterday, as investors descended on the high yielding investment market to pocket gains reaped in the preceding week that saw the market awarding the highest weekly return to investors since the beginning of the year.
Barclays Bank of Kenya has returned a 4.2 per cent growth in pre-tax profit for the nine months ending September 30, 2009, reflecting the impact of the economic slowdown on various sectors of the economy.
As Muslims brace up to observe the feast of Eid -Ul-Adha, commonly known as Tobaski, some private companies in the business sector have been deploying all types of marketing strategies with a view to luring potential customers to buy their products.
The governor of Central River Region (CRR), Alhaji Ganyie Touray, accompanied by a high-powered delegation, on Wednesday, November 18, visited the ongoing construction work of the new Brikama-ba market in the Lower Fulladou District, CRR South.
A study recently conducted in 24 African countries shows that the poor state of infrastructure in Sub Saharan Africa - its electricity, water, roads, and information and communications technology (ICT) - cuts national economic growth by 2 percentage points every year and reduces business productivity by as much as 40 percent.
BRITISH companies will only invest in Zimbabwe when all outstanding issues of the global political agreement are fulfilled, Britain's ambassador to Zimbabwe, Mark Canning, has said. In an interview with the Zimbabwe Independent in Gwanda this week, Canning said although companies were pleased with the gradual stabilisation of the economy since the formation of the inclusive government in February, ...
On October 16th 2009, University of Oxford's Prof. Paul Collier gave a talk at Serena Conference Centre in Kampala on the prospects of an oil windfall for Uganda. Below we produce a slightly edited version of his speech.
Tullow Oil Plc, the U.K. explorer with the most licences in Africa has appointed Standard Chartered Plc to sell up to half its stakes in two Ugandan oil fields, the Sunday Times of London has reported.
The Italian company, Eni SpA (E) is looking at a large amount of Tullow Oil confidential data as part of its due diligence process for buying a stake in Uganda's oil ventures.
The KwaZulu-Natal Provincial Government has set aside R20 million to rebuild houses for the families who were left homeless after a storm hit the Nkwezela area on 6 November.
Uganda Telecom last week donated food and scholastic materials to Gulu Primary School for the Blind worth Shs 8 million.
The onslaught unleashed on customs duty evaders by the Nigeria Customs Service has revealed some oil majors as among the individuals and organisations that may have been depriving the federal government of customs duty revenue.
The government of The Gambia through the Ministry of Trade, Industry and Employment and the United States embassy in Banjul as well as Trust Bank Limited and Eco Bank Limited, yesterday signed a Memorandum of Understanding (MoU) to promote bilateral trade and investment between the two countries.
George Town Trust recently assisted Methodist Lower Basic School in Janjanbureh,Central River Region (CRR) with funitures and building materials worth forty-two thousand dalasi (42,000) the materials was meant for refurbishment.
Abia state government has stated that it has not entered into any business deal with an American lady, Mrs. Miranda Nwadieyi, who had alleged that she was short-changed in a contract to supply the state government 1, 500 units of Chevrolet cars valued at N3.3 billion after paying a contact fee of N11.8 million.
The Nigeria Customs Service has lifted the suspension placed on First Bank from customs duty collection. Our correspondent learnt from NCS officials that the Comptroller General of Customs Dikko Abdullahi gave the directive when he received a delegation of First Bank Plc who paid him a courtesy call in Abuja yesterday.
Investors who have waited so long to have reward on their investments in Champion Breweries Plc would soon heave a sigh of relief as the company has continued to increase its market share in the brewing sector.
Georgia State chapter of the All Nigeria American Congress (ANAC) is set to draw top Nigerian businessmen and women, lawmakers, and other government functionaries to the state of Georgia, in the United States to its planned 2009 Annual United States-Nigeria Economic Conference scheduled for the Hyatt Regency Hotel, Atlanta Georgia.
VOLKSWAGEN (VW) SA said yesterday it planned to export 55000 new-generation Polos next year to destinations such as the US, Ireland and Malaysia from its flagship plant in the Eastern Cape.
INDUSTRIAL engineering company PSV Holdings experienced tough trading conditions for the six months ended August, with the strengthening of the rand and high cost of debt reducing profit after tax.
United States Ambassador to Nigeria, Ms Robin Renee Sanders has said that the outcome of the 2010 gubernatorial election in Anambra State would be a key indicator of how Nigeria would carry out future elections.
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