African Business News

The effect of climate change on gender equality and women´s empowerment could be profound.

It has happened again. Another tragedy struck yesterday at Ijegun area of Lagos State when a fuel pipe belonging to the Nigerian National Petroleum Corpora-tion (NNPC) went up in flames, killing no fewer than 14 people.

WORK on a road project in Lagos turned tragic yesterday when an excavator uprooted an oil pipeline, igniting a huge fire that left about 39 people, including school children dead. Among the dead were three brothers. Some accounts put the casualty figure at 100.

In a bid to fight procurement corruption in public offices, the government has issued prices for common consumer goods that are clearly at odds with the surging market rates.

It's quite disheartening looking at the colossal billions of shillings lost in inflated road construction costs in connivance between the Road Agency Formation Unit (Rafu), a government agency, and the contractors.

AFTER the last eight of speeches, the President Umaru Yar'Adua's government is adopting the same approach in dealing with national issues that beckon for urgent solutions.

A strategic partnership agreement was this Thursday here signed between the National Fuel Society of Angola (Sonangol), the Portuguese Commercial Bank and the Atlantic Private Bank (BPA), foreseeing the acquisition of 49,9 percent, by the national oil company and BPA, of the social capital of Millennium Angola.

In many ways the initial public offering of the Kenya Electricity Generating Company (KenGen) in 2006 was a watershed in the history of the country's capital markets. It was the first big flotation in a decade in a market thirsting for new offers by the government since the Kenya Airways share issue in 1996.

When President Kibaki assented to the five labour-related laws late last year, workers cheered while most employers whined.

Justice Ben Hlatshwayo of the High Court judge has deferred until Monday the bail ruling on the case involving the Zimbabwe Congress of Trade Unions leaders.

Workers of the Gava Forest Industry Cooperation have expressed frustration about government ban on timber logging and exportation, stating that, the development has greatly hindered the scale of employment nationwide.

It has been revealed that pretty soon the fishes from the territorial waters of Sierra Leone will soon enters the European Union (EU) markets as final documentation are about to be concluded by the two parties.

The President of the African Development Bank (ADB), Donald Kaberuka, on Thursday pledged that the bank will step up its support for Mozambique.

Malawi's tobacco industry has been in turmoil after wildly fluctuating prices led protesting farmers to force the closure of the auction floors.

With an electoral crisis, world-record inflation and a collapsing economy blighted by a brain drain and a generally restive population, Zimbabwe could prove to be southern Africa's "problem child" as the region seeks to link its economies in a new free trade area (FTA).

Allafrica.com - Thu May 15, 12:13 pm GMT

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