OHADA ministers’ meeting to open in Yaoundé

OHADA ministers’ meeting to open in Yaoundé

The 37th meeting of the Council of Ministers of the Organization for the Harmonization of Business Law in Africa (OHADA) will kick off on Thursday in Yaoundé, APA can confirm from ...

Nigeria to boost power grid with 220mw

Nigeria to boost power grid with 220mw

In the wake of poor electricity generation, Nigeria's Minister of power, Prof. Chinedu Nebo, has said that 220 megawatts of power would soon be added to the Egbin thermal station, ...

Cameroon poised to increase bread prices

Cameroon poised to increase bread prices

The bakery industry group in Cameroon (GIMC) announced on Saturday an increase in bread prices to be effective as early as February 1, 2014.The group justifies its move not only by ...

Senegal’s rice imports hits 871 000 tons in 11 months

Senegal’s rice imports hits 871 000 tons in 11 months

Rice imports in Senegal over the first 11 months of 2014 amounted to 871,100 tons, the Dakar-based Economic Analysis and Forecasts Branch (DPEE) said on Saturday.Import totaling 871 ...

Sierra Leone to investigate two commercial banks

Sierra Leone to investigate two commercial banks

Sierra Leone`s Anti Corruption Commission (ACC) has said it will investigate the past managements of two of the country`s banks, reports said on Saturday.The Rokel Commercial Bank ...

Sierra Leone slashes pump price of fuel

Sierra Leone slashes pump price of fuel

After weeks of clamor by the general public, petroleum importers Friday announced new pump prices for petroleum products in Sierra Leone, reports said on Saturday.This is in ...

Nigerian bourse trades 2.119bn shares worth over $162m

Nigerian bourse trades 2.119bn shares worth over $162m

A turnover of 2.119 billion shares worth N 25.941 billion (about $162m) in 21,044 deals were traded this week by investors on the floor of the Nigerian Stock Exchange (NSE) in ...

OHADA ministers’ meeting to open in Yaoundé

The 37th meeting of the Council of Ministers of the Organization for the Harmonization of Business Law in Africa (OHADA) will kick off on Thursday in Yaoundé, APA can confirm from the institution.The two-day gathering, which is preceded by a meeting of experts, will mainly focus on the review of the organization's budget. In addition to the expected progress report on the activities of OHADA's institutions ...

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Nigeria to boost power grid with 220mw

In the wake of poor electricity generation, Nigeria's Minister of power, Prof. Chinedu Nebo, has said that 220 megawatts of power would soon be added to the Egbin thermal station, Lagos, to ameliorate the situation.He said this while announcing a shift in the re-commissioning ceremony at the thermal plant in Abuja on Saturday. ``What we have added newly to this plant is so huge that it is the President ...

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Cameroon poised to increase bread prices

The bakery industry group in Cameroon (GIMC) announced on Saturday an increase in bread prices to be effective as early as February 1, 2014.The group justifies its move not only by the increase in corporate taxes, which has increased by 1 percent in the 2015 Finance Act, but also by low profit being experience in the industry. The repercussion of the increase in bread prices, which currently ranges from 125 ...

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Senegal’s rice imports hits 871 000 tons in 11 months

Rice imports in Senegal over the first 11 months of 2014 amounted to 871,100 tons, the Dakar-based Economic Analysis and Forecasts Branch (DPEE) said on Saturday.Import totaling 871 000 tons was up from 821 300 tons during the same period in 2013, increasing by 6.1 percent. Yet they also recorded a reduction of 2,900 tons in November 2014 to the tune of 81,200 tons against 84,100 tons in October 2013. As for ...

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Sierra Leone to investigate two commercial banks

Sierra Leone`s Anti Corruption Commission (ACC) has said it will investigate the past managements of two of the country`s banks, reports said on Saturday.The Rokel Commercial Bank and the Sierra Leone Commercial Bank are both government owned and they have been in the news lately over huge financial losses they incurred. Two weeks ago, the Governor of the Central Bank of Sierra Leone announced the suspension ...

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Sierra Leone slashes pump price of fuel

After weeks of clamor by the general public, petroleum importers Friday announced new pump prices for petroleum products in Sierra Leone, reports said on Saturday.This is in response to repeated appeals by consumers following reports of plummeting global oil prices. A litre of petrol, diesel and kerosene have been reduced from Le 4,500 to Le 3,750, declared Maurice Cole, Managing Director of National ...

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Nigerian bourse trades 2.119bn shares worth over $162m

A turnover of 2.119 billion shares worth N 25.941 billion (about $162m) in 21,044 deals were traded this week by investors on the floor of the Nigerian Stock Exchange (NSE) in contrast to a total of 1.663 billion shares valued at N16.585 billion (about $103m) that exchanged hands last week in 23,591 deals. The weekly report of transactions released by the NSE on Friday in Lagos showed that the Financial ...

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S/Leone: Striking Comium workers set fire on company’s office

Striking workers of the beleaguered Sierra Leone based mobile operator, Comium, Friday set fire on the company`s headquarters in protest against non-payment of their benefits and backlog salaries.Comium, one of four companies in the mobile telecommunications sector in Sierra Leone, is faced with serious financial and management problems leading to series of court cases over huge debts. Towards the end of ...

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Rwanda gets $70m W/Bank credit to improve social protection

World Bank has approved a $70 million credit to support the government of Rwanda improve the efficiency, coverage and harmonization of its social protection system, the Washington-based lender said in a statement on Friday.According to the statement, this Development Policy Operation (DPO) is designed to support the government's National Social Protection Strategy and continue Rwanda's effort to address ...

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Private Botswana newspaper claims sabotage by hackers

Private Botswana daily Mmegi on Friday said the hacking of its website was an act of sabotage and intimidation.The website was attacked Thursday by hackers claiming to be part of a group that wants to save 14-year-old Abian Ntshabele's life who is suffering from a rare ovarian cancer after various individuals and organisations launched fund-raising campaigns towards her medical expenses. The hackers have ...

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