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Shock move on Zimbabwe pension contributions
In February the government told the National Social Security Authority (NSSA) to lend it $40-million because it was unable to fund the referendum. That move left the already struggling fund in deep financial difficulties. Banking sector sources said the decision to raise pension contributions was made to curb "a financial disaster" at the NSSA, which also has to raise about ...
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Angola to start bond market this year
Angola planned to start a publicly traded bond market in the third quarter as it sought to boost investment, Archer Mangueira, the president of the country’s Capital Markets Commission, said ...
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Nigerien army recruits held hostage by suicide-bomber in Agadez
Several Nigerien army recruits are being held hostage in a house within the Agadez military barracks in the northern part of the country, following a suicide attack that left 20 soldiers dead at the camp on Thursday morning, an official source said.Two simultaneous attacks on Thursday morning struck the Agadez military barracks and a factory of Somair company which is a subsidiary of the French ...
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ABB to produce PV inverters in South Africa
ABB, a Switzerland-based power and automation technology group, plans to start production of central PV inverters in South Africa to support the rapidly growing local solar market and local content ...
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Albinos fear ‘poll fever’ in Swaziland
A store selling traditional remedies and other wares is seen in Johannesburg, South Africa. Nhlavana Maseko, the president of the Traditional Healers of Swaziland, says those who mislead people to use ritual murder to win elections or wealth are witches and wizards, but not traditional healers. File photo: Neil ...
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Kenya politics Musalia Mudavadi and Eugene Wamalwa should rally behind Senator Watengula.
Western province over who should claim credit for the region political kingpin is set to bury Musalia Muadavadi the son of the former King of Mululu, Moses Substone Mudamba Mudavadi who was prone to political con men and missed the boat in the March 4th General Election once again as he missed in ...
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Kenya Ongwae Objects to Revenue Cut
KISII Governor James Ongwae yesterday accused the national government of reducing the amount of money allocated to the county. He said his government was expecting to receive more than Sh6 billion but the Commission for Revenue Allocation reduced the money to Sh5.1 billion. "I am extremely displeased with the National government for reducing the money allocation for the county in this ...
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Tunisia Salafist Movement Must Clearly State Its Position On Violence Terrorism - PM
Kasbah - Interim Prime Minister Ali Larayedh said the Salafist movement "must state clearly its position on violence and terrorism," calling on this movement "obey laws of the country and respect the State and the requirements of legal activity." During a press conference held on Thursday in Tunis, he said in substance: "the Salafist movement is large. Most of its ...
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Zimbabwe Churches March for Peace
WORSHIPPERS from different churches yesterday held a peace awareness campaign in Mhondoro ahead of the country's watershed harmonised elections this year. The event, one of the biggest in a rural area, saw hundreds of worshippers marching from Watyoka Clinic to Muzavazi Primary School calling for a peaceful environment in their community. Methodist Development and Relief Agency(MeDRA) ...
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Zimbabwe Key Allies Dump MDC-T
KEY allies snubbed MDC-T's national policy conference last Friday, scuttling party leader Mr Morgan Tsvangirai's bid to form an electoral pact with them ahead of a watershed election set for this year. The Herald is reliably informed that MDC-T sent written invitations to Professor Lovemore Madhuku's National Constitutional Assembly, Mr Munyaradzi Gwisai of the International ...
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Kenya IEBC Wants Political Parties Act Amended
THE Independent Electoral and Boundaries Commission is now considering an amendment to the Political Parties Act to change the way of calculating funding for the parties. The Act provides that political parties funding should be computed on the basis of election votes. The new proposed formula is based on the number of elected representatives that each party has. Political parties have been ...
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Kenya I Cant Lock Out Herders - Tseikuru Official
The deputy county commissioner of Tseikuru district in Kitui has said he no legal authority to stop livestock traders from pastoralist communities from trading in his area. Speaking to the Star in his office, Stephen Momanyi said there was pressure from the Mwingi North MP John Munuve to block herds from North Eastern province and neighbouring Tana River county. Momanyi said he does not have a ...
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Kenya Cabinet Technocrats in for Huge Surprise
Despite the signs of enthusiasm I see all around in support of our new cabinet of technocrats, I remain skeptical that this experiment in governance will work. To illustrate my reservations, I shall use the examples of the two eminent bankers who have been appointed to the cabinet: Mr Adan Mohamed who was previously the regional CEO at Barclays Bank and now has the industrialization docket; and ...
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Kenya Half of Embu Executive Committee Sworn-in
Only four members of Embu county executive committee were sworn in yesterday after the other nominees were rejected by the county assembly. Embu governor Martin Wambora had not replaced the rejected nominees. The members sworn in are David Njiru (Infrastructure), Patrisio Njeru (Agriculture and Natural Resources), Emily Thaara (Women and Youth Empowerment) and John Njagih (Finance). The ...
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Kenya Bondo MP Wants Residents to Invest in Real Estate
BONDO MP Gideon Ochanda has urged his constituents to take advantage of real estate opportunities brought by the increasing number of institutions of higher learning in the region. He said with the increasing number of colleges in the region, accommodation issues have now become the greatest challenge hence the need to put up as many housing facilities as possible. The legislator lamented that ...
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Meeting Examines Kenya’s Peaceful Elections
2007 contest--reflects structural reforms in Kenya's political system, a new electoral alliance between former political foes and internationally supported work to prevent the return of mass violence, according to a panel of specialists who gathered at ...
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Kenya Kenya Honours Chinua Achebe in Symposium
"The policy of frustrating great African minds involved in Africa's noblest project of deconstructing and invalidating paraded Eurocentric notions about Africa did not end with Anta Diop and Kwame Nkrumah. In its most savage application with the attendant ethno-racial contemptit was practised on Chinua Achebe" - Tribute to Chinua Achebe: The Patriarch of African Literature, ...
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Kenya Presidential Jet Reserved for Uhuru
THE presidential jet is reserved exclusively for the head of state and even his deputy cannot use it. Leader of Majority Aden Duale yesterday defended the use of a private jet by Deputy President William Ruto to fly to four African countries last weekend. Duale, backed by several Jubilee MPs, attacked the Sunday Nation for publishing a story that Ruto's trip cost the country Sh100 million. ...
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Kenya APs Want Fair Promotions
DISQUIET is growing within the National Police Service in Western province over skewed promotions. Administration police officers who are degree holders have accused the Kenya Police Service Commission of frustrating the reforms in the force by sidelining deserving officers in promotions.They claimed thet force was promoting old officers without papers. "We are wondering if there is any ...
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Africa Continent Celebrates Africa Day
Africa tomorrow celebrates the 50th anniversary of the founding of the continental body - the African Union - at a time the continent is posting enviable economic growth. For the continent the priority is keeping up this momentum and meeting the challenges that lie ahead. After more than half a century of the existence of the Organisation of African Unity (OAU now AU), it is a time for ...
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Africa UN Official Highlights Positive Trends in Africa to Protect Indigenous Peoples Rights
A United Nations official today stressed that Africa has taken positive steps to protect the rights of indigenous people, adding that the continent must continue making progress and avoid repeating mistakes made by other regions. "Africa has been consolidating and strengthening the legal framework protecting indigenous people," Senior Specialist on Indigenous Tribal Peoples' ...
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Chinese culture to be presented around Africa
Chinese culture will be presented in more than 30 African countries this year as part of the "China Cultural Focus" event, according to a Thursday statement from the Ministry of ...
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RPT-Fitch Affirms Cameroon at B Outlook Stable
Fri May 24, 2013 4:11am EDT (Repeat for additional subscribers) May 24 (Reuters) - (The following statement was released by the rating agency) Fitch Ratings has affirmed Cameroon's Long-term foreign and local currency Issuer Default Ratings (IDRs) at 'B'. The Outlook is Stable. Fitch has simultaneously affirmed Cameroon's Short-term foreign currency IDR at 'B' and the ...
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Kerry Urgency needed in Mideast peace process
John Kerry said ahead of a second round of meetings Friday. "I am convinced, with great humility, that this moment is a critical one for the region and particularly for Israel, for Palestine and for Jordan," Kerry said before meeting with Israeli ...
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Zimbabwe June Election Unlawful in Terms of New Constitution
The new Constitution that was formally gazetted by Robert Mugabe on Wednesday makes his desired June election date technically unlawful, with months worth of preparations constitutionally required. Mugabe and his ZANU PF party have been pushing for elections to be held as soon as the current Parliamentary term comes to an end on June 29th. This is the official date that marks the end of the ...
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Three major African airlines to launch new regional player
West and central Africa may soon have a regional airline to connect the countries of the region and feed the three largest airlines in Africa, especially South African Airways, which has dominance on the continent, although it has indicated it will not provide financial support to such a venture.
There are exciting plans afoot in the African aviation industry the continent’s three largest airlines, South African Airways, Egypt Air and Ethiopian Airlines, considering the establishment of a regional airline in central and West Africa that would feed the larger airlines on loner routes or what they call ‘truck routes’. Read more
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