Tanzania: Tea Prices Dwindle at Mombasa Auctions

WHILE Tanzania, Africa's fourth largest tea producer, predicts a 9.4 per cent increase in crop yields, tea prices continue dwindle for three consecutive weeks at the Mombasa Tea auctions.

Ghana: No Tax Incentives for Spare Parts Imports

The Minister of Trade, Ms. Hannah Tetteh, has stated that the spare parts dealers at Abossey Okai, who are mostly importers of spare parts, especially used ones cannot access tax incentives.

Ghana: The Standards Board Must Read This

A Chinese made extension cord, widely distributed in Ghana, has a 3-pin plug at one end which then connects to the circuit board by only two unsuitably tiny wires and a dummy plastic tube disguised as a third (earth) wire.

Africa: UK Flexes Muscle in Scramble for Africa Trade Deals

The UK government has signed a pact with three African trading blocs that would see it play a more critical role in the planned merger and economic development in the region, signalling intention to solidify its influence in Africa in the wake of an onslaught by China.

Ghana: No Tax Incentives for Spare Parts Imports

The Minister of Trade, Ms. Hannah Tetteh, has stated that the spare parts dealers at Abossey Okai, who are mostly importers of spare parts, especially used ones cannot access tax incentives.

Nigeria: Yar'Adua's Awol And Economy

President Umaru Yar'Adua's absence without official leave (AWOL), now into its 78th day, for medical treatment at the King Faisal Specialist Hospital, Jeddah, Saudi Arabia, is taking a huge toll on the nation's economy as well as grinding the ship of state to a halt. Group Business Editor, ROTIMI DUROJAIYE, reports that the absence of the President poses great risks to everything from oil and banking reforms to peace in the oil-producing Niger Delta.

Nigeria: Ebonyi And Nigercem

The on-going bickering between the Ebonyi State Government and Eastern Bulkcem Company Limited over ownership and control of Nigeria Cement Company Plc, Nkalagu, (NIGERCEM), has raised fundamental issues of concern that need to be addressed in the interest of all.

Nigeria: Patronize Local Auto Products, NAC Urges Government

Lack of patronage from Federal, State and Local Government in the country has been identified as one of the factors stalling the needed growth in the automotive sector in Nigeria .

South Africa: Honda SA to Start Recall for Faulty Window Switches

HONDA SA, the Japanese-owned car producer, says its network of dealers will from this week start fixing faulty power-window switches, the subject of the recall launched by the company two weeks ago.

South Africa: City Motorist's Scary Toyota Experience

A Cape Town motorist has told of his scary experience when the accelerator of his new Toyota Corolla automatic got stuck while he was driving in Milner Road near the Rondebosch Common.

Rwanda: Gov't Has Delivered On It's Mandate - Kagame

With a few months to the end of his seven-year mandate, President Paul Kagame yesterday declared that what was pledged at the beginning of his term has been largely achieved.

Africa: A Stronger Nepad Secretariat Vital

One of the key decisions taken at the end of the 14th summit of the African Union last week was to establish a new body to take over the functions of the secretariat of the New Partnership for Africa Development (Nepad).

Kenya: Banks Must Stick to the Law on Interest Charges

Those who have been keenly following the on-goings in Kenya's courts of law know that relief, though very gradually, has been coming to borrowers who have long bore the wrath of lenders for failing to pay up their debts in time.

Seychelles: Companies Push Hard to Halt Tuna Collapse

In the Seychelles' only cannery, the din of thousands of empty tuna cans rattling on narrow metal troughs is incredible as they bustle along, soon to be filled with Skipjack tuna that only days ago were swimming freely in the inky blue Indian Ocean.

Nigeria: An Appeal to MEND

LAST November, barely a month after the Federal Government rounded off its amnesty programme, complaints began about the programme.

Africa: No Offers for Continent Yet, Zain Says

The resignation of Kuwaiti-based Zain's chief executive, Mr Saad al-Barrak, has ignited rumours of the possible sale of Zain Africa operations.

Tanzania: Airline Launch Commercial Partnership

ZAMBEZI Airlines and Kenya Airways have entered into a commercial partnership which will see the Zambian carrier starts thrice weekly flights between Lusaka and Nairobi and also connect passengers to all the major cities served by the Kenyan flag carrier.

Botswana: Mining Project to Dent Government Coffers

The mammoth expansion of the Jwaneng pit will dent government's revenues in the short term through the reduced dividends from Debswana and also via government's contribution to the project's capital expenditure, it has been learnt.

Nigeria: Total Opens Creche For Working Mothers

Nigeria's downstream market leader, Total, is injecting empathy in its business culture by addressing the concerns of mothers on its staff.

Nigeria: Skye Bank Confirms Durosinmi-Etti GMD-Designate

As if bowing to the precedence set earlier by two other rivals, the board of Skye Bank Plc, on Friday named Kehinde Durosinmi-Etti, its deputy managing director, as managing director and chief executive designate to replace the incumbent, Akinsola Akinfemiwa.

Nigeria: Foreign Bank Buys Into 3 Troubled Banks

THE European Investment Bank, EIB, is to buy into some of the nation's troubled banks, Vice President of the Bank, Mr. Plutarchos Sakellaris has said.

Uganda: Northern Region Readies for Investment

About 40 districts in Uganda's north and eastern regions, have a chance to smile and prepare themselves for big things following a US$140 million project that will revitalize this formerly war-torn area.

Nigeria: Niteclub Owner, Mac Dee, Woos Investors For Imo

Macdonald Nsonwu, owner of the new Do It All Entertainment Centre in Owerri, the capital of Imo State has called on well meaning indigenes of Imo State to rally round the present government in the state in its effort at developing the state. The new entertainment centre is where 40-40 Nite Club, the rave of the moment in the heartland.

Nigeria: Minister Targets PPP, Challenges New FCDA Board

The minister of the Federal Capital Territory (FCT), Senator Adamu Aliero has charged new broad of the Federal Capital Development Authority, (FCDA) to position the agency so as to attract private sector participants in infrastructure development.

Nigeria: Abah Reassures On Vision 2020, Woos Japanese Investors

Minister of State for Commerce and Industry, Mr. Humphrey Enemakwu Abah has reassured Nigerians that the federal government is not relenting in making Nigeria, one of the world's 20 most viable economies by the year 2020.