Business news

THE China Exim Bank and the Development Bank of Southern Africa (DBSA) are next month expected to release US$430 million for the Kariba North Bank Extension Project (KNBEP) being undertaken by Sinohydro Corporation.

LUSAKA Province Minister Charles Shawa has launched the 2010/2011 Disaster Risk Reduction Preparedness and Response Programme aimed at improving water, sanitation and improve roads and bridges before the onset of rains in the province.

NAMIBIANS will get their second fuel price breather for the year when the petrol and diesel prices drop by ten cents a litre on Wednesday.

Bua International Limited, Which Recently Formally Took Over Lafiaji Sugar Company in Kwara State, Has Promised to Immediately Commence Rehabilitation of the Sugar Plantation to Boost Economic Activities in the Area.

Zero Corruption coalition (ZCC) in collaboration with USAID has called on the Federal Government to mandate the Department of Petroleum Resources (DPR) to work together with other operators in the oil and gas industry to develop standards and guidelines for the routine reporting of a gross liquids and hydrocarbons mass balance.

All the seaports in Nigeria could function optimally if the federal government restructures the ports along specialised imports, Manager, Calabar Free Port, Ahmed Dandare, has advised.

AMBRA Investicorp Limited, an investment arm of League of Anambra Professionals (LAP) would on August 21, formally take over the moribund Anambra State Integrated Livestock Company, Nkwelle Ezunaka, near Onitsha.

Production of rice — the world’s most important crop for ensuring food security and addressing poverty — will be thwarted as temperatures increase in rice-growing areas with continued climate change, according to a new study by an international team of scientists.

NIGERIA may be on the verge of losing out in the cocoa export business at the end of the year for failing to to comply with the European Union's standard requirement of chemicals used in the production of the commodity.

FEDERAL Government, Thursday, announced a new gas pricing regime for the industrial sector, with a view to revamping and boosting indigenous manufacturing capacity.

The crisis of confidence that had stalked the Nigerian Stock Exchange (NSE) for many years came to a head recently. Just before the authorities finally wielded the big stick, the news was that the NSE was reportedly enmeshed in financial hot waters and in alleged insolvency.

At least 110 families at Mutukula border town in Rakai District have attacked the government over alleged failure to compensate them for their commercial buildings that were demolished to pave way for the town's re-development.

RWANDA Utility Regulatory Agency (RURA) the institution charged with regulating public utilities has announced an increment in taxi fares within the city center.

IN a bid to retain and build its mobile subscribers base, Rwandatel has slashed calling tariffs to Rwf3 per minute for its prepaid customers.

The Federal Government has approved new gas pricing for manufacturers. This is part of the renewed efforts to ensure that gas pricing is competitive for the producers, consisting of International Oil Companies (IOCs); transporters; local distribution companies and the end users, largely made up of manufacturers.

Residents of Lekki area of Lagos yesterday protested the collection of toll levy by the Lekki Concession Company (LCC) along the Lekki Expressway as Governor Babatunde Raji Fashola (SAN) commissioned the administrative complex at the Lekki Free Trade Zone (LFTZ)

An initiative to keep girls in school by supporting income-generating activities for their mothers is bearing fruit in Burkina Faso, where poverty and cultural values still deprive many girls of an education.

Libyan leader Colonel Muammar Ghaddafi's son, Lieutenant-Colonel Engineer Saadi Muammar Al-Ghaddafi, jetted into Harare yesterday for a five-day visit to explore business opportunities in Zimbabwe.

Rwanda's coffee has earned $ 23.5 million from exporting 8707 tons of green coffee an official has said. This is higher than 7810 tons valued at $ 19 million that were exported in the corresponding period last year.

There is chaos and widespread intimidation in KwaZulu-Natal hospitals as working nurses and doctors are coerced to join the strike by public servants.