Africa news gathered by InformAfrica today reports India has promised to support local entrepreneurs in Tanzania in order to improve their efficiency and compete more effectively.
Kola Aluko, an International businessman, has expressed his optimism for the future of motor racing in Africa, saying he believes African manufacturing industries will soon be in a position to compete with major global suppliers to the sport.
This review looks into Nigeria’s development in a global context, and reports that GDP growth in Africa’s most populous nation is expected to average 6.7% in the coming years – despite economic downturn.
Upper Reach interviews Oladele Amoda, CEO of Eko Electricity Distribution Company, who discusses the current state of Nigeria’s power sector, the progress made towards achieving an uninterrupted supply by 2020, and the ongoing privatisation campaign in the power sector
‘The future is bright for Nigeria’ is an interview that focuses on the current status of Nigeria’s power sector, the uninterrupted power supply initiative by 2020, and other factors effecting electricity in the country.
MTN, a mobile telecommunication operator, on Wednesday opened two new branch offices in Kumasi with a pledge to do more to improve the quality of its services.
The Asset Management Corporation of Nigeria (AMCON) has said that over 20 institutions have expressed interest to buy the three of Nigeria’s nationalized banks (Mainstreet Bank, Keystone Bank and Enterprise Bank).
Nigeria-based mobile operator, Globacom, has launched commercial services in Ghana.
Nigeria continues to lose up to 12.6 billion USD (N2 trillion) annually in capital flight to foreign countries which own vessels used to lift about 150 million tonnes of cargo, including oil products, the Indigenous Shipowners’ Association of Nigeria (ISAN) Chairman, Dr. Isaac Jolopamo, said yesterday.
Oil prices are increasing on the international market and this is affecting consumers around the word and in Tanzania in particular as can be seen from the last pump price move.
In Tanzania, oil marketing companies have faulted the vulnerable system overseen by the Petroleum Importation Coordinator (PIC), saying it has failed to lower pump prices as expected.