March 30, 2001
Nigeria: Hawkers - a Bridge Between Buyers and Sellers in a Troubled Economy
They will sell virtually any item that can be moved. Their heads, shoulders and hands serve as showrooms and shelves, displaying their wares. They are found anywhere there is a… Read more »
March 27, 2001
Africa: World Bank Abandoning Structural Adjustment Approach
In a new report called "Aid and Reform in Africa: Lessons from Ten Case Studies," the World Bank says imposing conditions to "coerce" African nations to reform in exchange for aid… Read more »
March 20, 2001
Nigeria: NNPC Boss Calls for Indigenous Firms' Involvement in Marginal Fields
Indigenous oil firms should be allowed to participate actively in the development of marginal oil fields, Jackson Gaius-Obaseki, Group Managing Director of Nigerian National… Read more »
March 19, 2001
Nigeria: Deepwater Oil Production in Sight as Companies Intensify Activities
The announcement Thursday by Shell Nigeria Exploration and Production Company that it had signed contracts for the development of its Bonga oil field signifies the intensity of… Read more »
March 15, 2001
South Africa: Drug Company Makes Key Concession in Generic Drug Dispute
As part of what it calls an "accelerated program to fight HIV/Aids in Africa," the international pharmaceutical giant Bristol-Myers Squibb has decided not to fight the manufacture… Read more »
March 13, 2001
Nigeria: First Phase of Privatisation to be Completed Next Week
Processes involved in the first phase of Nigerias privatisation will be completed next week, with the allotment of shares in the companies involved, the Director General of the… Read more »
March 09, 2001
Nigeria: Views Differ On Planned Deregulation Policy
Different viewpoints met head on Friday as Nigeria's Senate began public hearings on the planned deregulation of petroleum products pricing. Read more »
March 08, 2001
Africa: World Bank, IMF Strike Optomistic Tone On Economic Progess
Africa is positioned for significant economic and social progress as leaders on the continent step forward to shoulder responsibility for improving conditions, said World Bank and… Read more »
March 07, 2001
Nigeria: Bullish Market Defies High Interest Rate Offered by the Central Bank
Expectations of high returns on stocks and investor confidence in some sectors have buoyed the Nigerian capital market, despite efforts by the countrys central bank to mop up… Read more »
March 06, 2001
South Africa: Drug Companies Refused to Talk to Us, Says Ambassador
According to Sheila Sisulu, South African Ambassador to the United States, her government has always been willing to talk with pharmaceutical companies opposed to 1997 legislation… Read more »
March 02, 2001
Nigeria: Workers Threaten Renewed Conflict Over Fuel Price Hikes
The Nigerian authorities may clash yet again with workers over a planned deregulation of the oil industry, seen now by ordinary Nigerians as just another name for price increases… Read more »
February 23, 2001
Nigeria: Licence Row Tarnishes Success of GSM Auction
For Mike Adenuga, the successful conclusion of bidding for GSM licences January 19,2001, was the "most transparent they have done in Nigeria. I doff my hat for President Obasanjo… Read more »
February 16, 2001
Nigeria: Government Teams Up With U.S. Firms For Another LNG Plant
Four American oil companies Friday teamed up with the Nigerian government to conduct a feasibility study for the establishment of an LNG plant, which would be Nigeria's second. Read more »
Nigeria: No End To Fuel Scarcity Yet In Sight
Most Nigerians are sure about one thing; they have not heard the last about the crippling fuel shortage under which the country has laboured for over three weeks now. Read more »
February 12, 2001
South Africa: Mbeki Taps Top IT Execs to Battle Digital Divide
In an initiative designed to overcome the global digital divide, South African President Thabo Mbeki has reached out to leading technology figures, including five from the United… Read more »
February 05, 2001
Central Africa: A Moment For Peace?
Following visits to Washington and New York by two young leaders -- principal combatants in Africas largest conflict, U.S. officials and other specialists say they have guarded… Read more »
Africa: AllAfrica Global Media and BBC World Service Announce Collaboration
AllAfrica Global Media, which operates the leading Africa site on the World Wide Web, has signed a strategic agreement with the British Broadcasting Corporation. Under the… Read more »
January 08, 2001
Nigeria: Slow Pace Of Privatisation Worries Stock Exchange
The Nigerian Stock Exchange on Monday expressed dismay over the slow pace of the government's privatisation programme during the year 2000, and warned that a long and drawn out… Read more »
January 05, 2001
Nigeria: Supply Of Petroleum Products Threatened, Says Report
Supply of petroleum products in Nigeria is "threatened to atrophy," and only a comprehensive programme leading to deregulation of the industry can save it, says a Special Committee… Read more »
January 04, 2001
Nigeria: Power Authority To Approve Importation Of Electricity Generating Sets
In a show of confidence in its plans to rescue the power sector, the Nigerian government Thursday announced that importation of electricity generating sets now has to be approved… Read more »
December 20, 2000
Nigeria: Tackling The Niger Delta's Problems - With Oil
The government in Abuja has announced that several marginal oil fields in the Niger Delta which have remained unexploited for years are to be put to good use. They are to be… Read more »
December 08, 2000
Africa: OPIC Puts Out Call For New Proposals To Manage Africa Infrastructure Fund
The Overseas Private Investment Corporation (OPIC) is seeking new management for its $350m Africa Infrastructure Fund. Read more »
December 06, 2000
Nigeria: Economic Delegation In U.S. To Push Partnership
The Joint Economic Partnership Committee (JEPC) began it's third session in Washington, D.C. Wednesday, aiming to consolidate initiatives mooted during President Clinton's visit to… Read more »
Africa: World Bank Predicts Strong Growth In Developing World - Africa Trails Behind
A new World Bank report entitled "Global Economic Prospects and the Developing Countries 2001", published this week, says prospects for growth in the developing world are better… Read more »
December 01, 2000
Africa: Major Investment House May Lose Key Africa Fund
The US$350m New Africa Infrastructure Fund, backed by the US government's Overseas Private Investment Corporation (OPIC), is up for grabs because of the failure of the firm… Read more »