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Almost $750 million paid by international mining companies to the Democratic Republic of Congo’s state-owned miner over a three-year period are missing from the company’s accounts, the Carter Center said.
Royalties, signing bonuses and asset-sale proceeds due to Gecamines from …
Continue readingTanzania’s government on Tuesday suspended publication of an opposition-leaning newspaper for three months, the fourth newspaper to be shut down since June in what critics say is a crackdown on press freedom.
The newspaper, Tanzania Daima, was shut down for …
Continue readingThe cabinet has authorised the implementation of issuing African passport holders with visas on arrival at ports of entry as a first step towards the eventual abolition of all visa requirements for all Africans. Namibia and other African states have …
Continue readingNigeria was among the 10 economies showing the most notable improvement in the World Bank’s Ease of Doing Business list published on Tuesday.
It rose 24 places in the ranking of countries to 145th place. Nigeria this year introduced initiatives …
Continue readingNigeria has moved up 24 places to 145th in the World Bank’s ‘Doing Business’ report published today, and for the first time the country is recognized as one of the top 10 most improved economies in the world. The World …
Continue readingTunisia will ask the United States for a $500 million loan guarantee as it seeks to lay off about 16,500 public sector workers in 2017 and 2018, a senior government official told journalists.
The layoffs, which the government aims to …
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The two contenders: Joseph Boakai (left) and George Weah (right).
Musa Lamine was sitting under his market …
Continue readingOver the last few years, Nigeria has consistently passed and implemented budgets with huge deficits. The recurrent expenditure component of the national budget increased from N316bn in 2010 to N4.232tn in 2017 with no substantial development to show for both …
Continue readingSince the middle of 2014, when the price of crude oil fell dramatically, Nigeria’s finances became challenged. This is not hard to explain: we’ve historically depended on crude oil for as much as 70 per cent of government revenues, and …
Continue readingThe policy highlights the need for a fair, transparent import and export regime that would enhance production capacity for domestic export markets and attract foreign direct investment (FDI), and the need to adopt trade-facilitating measures, including transparent and efficient procedures …
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