Nigerian, Chinese firms to set up vehicle assembly plant

Nigerian, Chinese firms to set up vehicle assembly plant

Globe Motors Holdings Nigeria Limited has announced plans to establish an assembly plant for Higer automobiles worth $120m in Nigeria.A statement from Globe Motors on Tuesday in ...

Africa misses Ouagadougou pledges on combating unemployment

Africa misses Ouagadougou pledges on combating unemployment

Prevailing high unemployment among African youth is a clear indication that continental pledges made under the Ouagadougou Declaration to address unemployment and alleviate poverty ...

Zambian government consulting on retirement age review

Zambian government consulting on retirement age review

The Zambian government is consulting stakeholders on whether to increase the retirement age from the current 55 years to 65 after meeting with strong opposition from some interest ...

Seychelles marks 20 years of consumer protection

Seychelles marks 20 years of consumer protection

Seychelles' principal secretary for Finance and Trade Patrick Payet on Wednesday called on all concerned to recognise and observe consumer rights in all transactions.Mr Payet was ...

Kenya to slash money transfer cost

Kenya to slash money transfer cost

The Kenyan government will work with banks to reduce the cost of sending money back home for Kenyans in the Diaspora, President Uhuru Kenyatta has said. “The technology is ...

Mauritian economy hits growth path – IMF

Mauritian economy hits growth path – IMF

The International Monetary Fund (IMF) has concluded consultations with Mauritiu whose economic growth inspires hope, the institution said.An IMF statement on Wednesday said a stable ...

Swaziland plans estate industry facelift

Swaziland plans estate industry facelift

Swaziland's Ministry of Housing and Urban Development will begin regulations on the estate agency industry, reports from Mbabane on Wednesday indicate.The ministry's Principal ...

Nigerian, Chinese firms to set up vehicle assembly plant

Globe Motors Holdings Nigeria Limited has announced plans to establish an assembly plant for Higer automobiles worth $120m in Nigeria.A statement from Globe Motors on Tuesday in Lagos, said the company had entered into partnership with Higer Bus Company of China to build an ultra modern vehicle assembly plant in Lagos. The plant, it said, would come on stream within 18 months for the assembling of buses ...

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Africa misses Ouagadougou pledges on combating unemployment

Prevailing high unemployment among African youth is a clear indication that continental pledges made under the Ouagadougou Declaration to address unemployment and alleviate poverty have failed, a senior African Union official said Wednesday.“When we still have this high rate of unemployment among young people and women, we cannot say the Ouagadougou Declaration and Plan of Action were effectively ...

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Zambian government consulting on retirement age review

The Zambian government is consulting stakeholders on whether to increase the retirement age from the current 55 years to 65 after meeting with strong opposition from some interest groups such as the labour movement.Deputy Labour Minister Rayford Mbulu told journalists on Wednesday that following the disagreement by the labour movement to the proposed change, the government had shelved plans to change the law ...

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Seychelles marks 20 years of consumer protection

Seychelles' principal secretary for Finance and Trade Patrick Payet on Wednesday called on all concerned to recognise and observe consumer rights in all transactions.Mr Payet was speaking during the official opening of the National Consumers' Forum (Natcof) international conference, one of the key activities organised to mark the consumer body's 20th anniversary. “We believe that we all, both government ...

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Kenya to slash money transfer cost

The Kenyan government will work with banks to reduce the cost of sending money back home for Kenyans in the Diaspora, President Uhuru Kenyatta has said. “The technology is available. What we need is to ensure that our (Kenyan) banks can work with other countries where Kenyans are employed to see how they can send their money home at the least possible expense,� he said in a statement issued on Wednesday. ...

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Mauritian economy hits growth path – IMF

The International Monetary Fund (IMF) has concluded consultations with Mauritiu whose economic growth inspires hope, the institution said.An IMF statement on Wednesday said a stable macroeconomic environment was maintained in 2013, despite difficult external developments. The statement said real GDP growth was lower than expected at 3.2 percent, mainly on account of construction, sugar and tourism. It stated ...

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Swaziland plans estate industry facelift

Swaziland's Ministry of Housing and Urban Development will begin regulations on the estate agency industry, reports from Mbabane on Wednesday indicate.The ministry's Principal Secretary Clifford Mamba said in a press conference that the industry is supposed to be regulated by his ministry to make sure estate agents provide good services to Swazis. He said the ministry is aware of complaints emanating from ...

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Global miner, Vale caps $8 billion Moz investment

Nacala Logistics Corridor, an investment arm of Brazil´s global miner and Vale have unveiled plans to invest a total of $8 billion by the conclusion this year in a project in the northern Mozambican province of Nampula.The director of Nacala Logistics Corridor project, Sergio Chitarà¡ said the company´s investment schedule was initially planned for $4.5 billion for the construction of a 912-kilometre ...

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Mozambique invests US$530m in rural electrification

The Mozambican government has spent US$530 million during the past five years on a programme to electrify rural areas, Energy Minister Salvador Namburete revealed on Tuesday.According to the minister, the programme has seen the proportion of Mozambicans with access to electricity rising from seven percent in 2004 to more than 40 percent this year. Mozambique has a total population of about 23 million. The ...

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Asian firm scolds B/Faso over alleged breach of contract

The Indo-Chinese General Nice Ressources (GNR) group, has scolded the Burkina Faso government for not meeting its commitments in manganese mining.The mining site is located at 400 kilometers north of Ouagadougou. GNR's message is being disseminated through the social networks, targets participants of Burkina Faso private investment forum scheduled for 21 through 26 April in Singapore. GNR also promises “to ...

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