KENYAN President Uhuru Kenyatta inspected the ongoing construction of the KSh40bn (about $350 million) offshore Kipevu Oil Terminal, the largest of its kind in Africa. The construction of the 770-metre-long jetty, currently at 96 percent complete, is wholly funded by…
PALIARMENTARY Staff Association of Nigeria (PASAN) appears to be divided over the emergency meeting called by the National Assembly management to avert the union’s industrial action fixed for Monday, January 10, 2022. The emergency meeting is scheduled to hold on…
Through its support for the further development of the renewable energy generation sector in Botswana, the project also contributes to the Mega Solar initiative The Sustainable Energy Fund for Africa (SEFA) (bit.ly/3JQ7ilg), managed by the African Development Bank (www.AfDB.org), has…
CHINA’S Foreign Minister Wang Yi has rejected allegations that Beijing was luring African countries into debt traps by offering them massive loans, dismissing the idea as a ‘narrative’ pushed by opponents to poverty reduction. Wang, speaking ahead of touring Beijing-funded…
ETHIOPIA has cancelled its plan to offer a new telecoms licence that would have brought a third company into the market, compete with Ethio Telecom and Safaricom. The Ethiopian Communications Authority (ECA) said in a note to the industry that…
THE Senate has uncovered how the Bureau of Public Enterprise (BPE) failed to remit about N23 billion ($679.4 million – N480 per dollar) realised from the concession of various ports granted to 23 companies under the Nigerian Port Authority (NPA)…
THE Federal Government on Thursday said it was putting measures in place to ensure further reduction in the cost of Liquefied Petroleum Gas, popularly called cooking gas. It disclosed this while reacting to the recent marginal drop in the cost…
THE National Pension Commission (PenCom) has announced an additional release of N31.97 billion by the Federal Government for the payment of accrued pension rights to 2021 retirees. This is coming after the release of the sum of N16.67 billion on…
THE Central Bank of Nigeria (CBN’s) total foreign exchange (forex) sales to commercial banks declined to $1.65 billion in August 2021 from $2.05 billion in July. bIt dropped to current new low despite the apex bank’s stoppage of weekly dollar…
CHINA is transforming Kenya and the rest of Africa through infrastructure projects and investments. Many Africans welcome the developments, while others worry about Beijing’s motives and the long-term impact on their countries. With China’s Belt and Road initiative bringing temporary…
