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.
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.
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.
COFFEE producers have been urged to improve on the quality of coffee in order to attract more local consumers. The board chairman of the East African Fine Coffee Association, Leslie Omari, said farmers, producers and brewers should improve the standard of their products so as to promote home consumption.
The government has been given thumbs up for its plan to formulate a framework that will guide the oil industry in accordance with the demands of Extractive Industry Transparency Initiatives (EITI) principles.
Compared to non smokers impotence is approximately 85% higher in male smokers and it is a key to erectile dysfunction (ED).
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.
Namibia Dairies and the Namibia Farmworkers' Union (NAFWU) have signed a wage agreement through which workers at the Mariental-based SuperFarm will receive 13th cheques coupled with a productivity bonus and flexible working hours.
In its continued quest to make Nigerians healthier and richer, Honeywell Flour Mills Plc yesterday launched Honeywell wheatmeal into the nation's market. The new product is expected to meet all nutritional and health needs of all Nigerians of all ages.
ILLOVO Sugar capitalised on a soaring world sugar price to post a 13% year-on-year rise in revenue to R4,25bn for the six months to September. Operating profit was up 35% to R1,24bn, helped by a major expansion of Illovo's Zambian operations as well as increased production and strong sales in Tanzania.
Growing coffee and banana plants together can increase farmers' revenues by as much as 50 per cent, researchers say.
Zamfara State government has been commended for its foresight in exploiting the mineral resources deposits in Maru Local Government Area of Zamfaa state.
Operatives of the Nigeria Customs Service in the Osun/Oyo Area Command last weekend impounded a trailer load of imported rice with the consignment packed as cement in the haulage trailer.
PLATINUM prices are expected to hit highs of 1550/oz in the next six months as the global demand for the precious metal recovers, according to the latest Platinum Review released yesterday by global refiner Johnson Matthey.
SA's gold output was 4,8% higher in the third quarter than in the second, but 2,9% down on the previous third quarter's, the Chamber of Mines said yesterday.
