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Egypt: CBE – Balance of Payment Surplus Hits Dlrs 1.5 Bn in First Half of 2020-2021 Fy

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Egypt State Information Service (Cairo) The Central Bank of Egypt (CBE) said the balance of payment with regard to the country’s foreign transactions hit a surplus of dlrs 1.5 billion in the first half of the 2020-2021 fiscal year against a total deficit of dlrs 9 billion in the corresponding …

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Namibia: Nampower Ready for Eskom Shutdown

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By Adam HartmanNAMPOWER has put in place mitigating measures to ensure the continuity of electricity supply to Namibia in the event that South Africa’s power utility, Eskom, is ‘unplugged’. The neighbouring country’s power supplier is said to owe its main technical contractor, the software giant Oracle Corporation, millions of dollars. …

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Zimbabwe: Tobacco Farmers Earn U.S.$9 Million in 3 Days

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By Elita ChikwatiFarmers have earned US$8,9 million in the first three days of the 2021 tobacco marketing season after selling 3,7 million kg of the crop at the auction and contract floors. This represents an increase of over 1 000 percent from the US$783 465 earned by farmers during the …

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Zimbabwe: Nurses Take Health Board to Court Over Removal of Dongo As Member

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By Mary TaruvingaTHE Zimbabwe Nurses Association (ZINA) is seeking the reversal of a decision to remove Enock Dongo as a member of the Health Services Bipartite Negotiating Panel (BNP) by the Health Services Board (HSB). Dongo, the ZINA president, feels he was hoodwinked and forced to resign from being a …

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Nigeria: Production Sharing Contract – Government, Oil Majors Pass the Buck Over Nigeria’s U.S.$62 Billion Cut

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Leadership (Abuja)By Chika IzuoraLagos — There is a cloud of uncertainty surrounding $62 billion outstanding taxes and royalties owed Nigeria by operating major oil companies in the country. The federal government had in 2019 taken the step to recover as much as $62 billion (£50.6bn) from international oil companies using …

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African Development Bank’s First Virtual Business Opportunities Seminar of 2021, Draws 450 Global Partners and Suppliers

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The African Development Bank hosted its first virtual business opportunities seminar (BOS) of 2021 on 6 and 7 April. The BOS seminars offer a one-stop shop for companies, civil contractors, manufacturers, consultants, and suppliers from the Bank Group’s regional and non-regional members seeking to provide goods and services to projects …

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Zimbabwe: Ecocash, Whatsapp Fraud Totals U.S.$100m

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By Daniel NemukuyuCriminals have been hacking EcoCash and WhatsApp accounts, using stolen identities of persons trusted by others in a WhatsApp group, offer US dollars at good rates, but after receiving the local currency through EcoCash disappear. Over the past two months, police have received several complaints totalling the equivalent …

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Seychelles: Former President of Seychelles Joins Group Asking Us to Lift Vaccine Patent Rules

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Former President of Seychelles, James Michel, joined other former world leaders of the Club de Madrid in addressing a letter to U.S President Joe Biden to consider giving support for a temporary suspension on patent rules for COVID-19 vaccines. According to a press release from the office of the former …

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Nigeria: Doctors Threaten to Resume Strike If Demands Are Not Met

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The members of the National Association of Resident Doctors (NARD) have asked the federal government to honour its agreement with the union. They warned that should the government fail to honour its agreement in the next four weeks, they would be forced to declare another indefinite nationwide industrial action. President …

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Kenya: Hospitality Industry Gasps for Breath Under Current Lockdown

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By Ritesh BarotKenya has time and again proven to be a resilient economy. Last year, we witnessed locust invasions, heavy rains, floods followed by an absence of rains in agrarian lands. However, the Covid-19 scourge dealt a blow that left the entire country reeling. The pandemic emerged as the greatest …

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