$5.5 Bn Loan Request – PDP, APC At War As Govt Explains Borrowings

[Vanguard] The All Progressives, Congress, APC, and the opposition Peoples Democratic Party, PDP, were, yesterday, locked in a verbal combat over the propriety of the Federal Government’s borrowing plan. The face-off follows the administration’s reques…

[Vanguard] The All Progressives, Congress, APC, and the opposition Peoples Democratic Party, PDP, were, yesterday, locked in a verbal combat over the propriety of the Federal Government's borrowing plan. The face-off follows the administration's request for legislative approval for its $5.5 billion loan to finance the 2017 budget.

source: AllAfrica News: Nigeria

Bad Loans in 14 Banks Hit N177 Billion in 6 Months

[Vanguard] The economic recoveries witnessed in the first half of 2017 did not shield the banking sector from some adversities in the form of rising bad loans. Industry stakeholders have said that the impact is still being felt negatively as banks’ cus…

[Vanguard] The economic recoveries witnessed in the first half of 2017 did not shield the banking sector from some adversities in the form of rising bad loans. Industry stakeholders have said that the impact is still being felt negatively as banks' customers were not able to meet their financial obligations on loan repayment, resulting to 14 banks booking N177.3 billion impairment losses for the period.

source: AllAfrica News: Nigeria

Soccer – Mushekwi Basks in Glory

[The Herald] ZIMBABWE international striker Nyasha Mushekwi yesterday touched the heavens when he helped his club Dalian Yifang to seal their place into the Chinese Super League after winning 2-1 at home against Dalian Transcendence. The Blue Hawks, as…

[The Herald] ZIMBABWE international striker Nyasha Mushekwi yesterday touched the heavens when he helped his club Dalian Yifang to seal their place into the Chinese Super League after winning 2-1 at home against Dalian Transcendence. The Blue Hawks, as the Chinese League One team is affectionately known, have been promoted with two games to spare. Mushekwi, a former CAPS United forward who has been steering the team to glory with his goals during this campaign, is set to realise his dream of rubbing shoulders with some

source: AllAfrica News: Zimbabwe

Why We’re Borrowing More – Finance Minister

[Vanguard] Washington DC -Amid rising public concerns over Nigeria’s increasing debt profile, the Federal Government has indicated that increasing borrowings along with tax measures remained the only options to drive the economy out of recession and su…

[Vanguard] Washington DC -Amid rising public concerns over Nigeria's increasing debt profile, the Federal Government has indicated that increasing borrowings along with tax measures remained the only options to drive the economy out of recession and sustain growth for now.

source: AllAfrica News: Nigeria

Couple in the Dock for Fraud

[The Herald] A HARARE man and his wife have appeared in court on fraud charges after they allegedly sold properties that were still under an NMB Bank mortgage bond. Dereck Zhanje (50) and Faith Zhanje (35) appeared before Harare magistrate Ms Josephine…

[The Herald] A HARARE man and his wife have appeared in court on fraud charges after they allegedly sold properties that were still under an NMB Bank mortgage bond. Dereck Zhanje (50) and Faith Zhanje (35) appeared before Harare magistrate Ms Josephine Sande and were remanded to November 16 on $500 bail. The prosecutor Ms Tatenda Murindagomo alleged that on June 17, 2015, the pair bought a plot held under Deed of Transfer 4486-2015 from Moses Tonderayi and Memory Zhenje. They subsequently divided it into three resident

source: AllAfrica News: Zimbabwe

Zimbabwe – On Mugabe’s Directive, Crackdown On Desperate Vendors Begins

[Daily Maverick] Scores of pushcarts full of vegetables and fruit are pulled by their owners as they move around selling in the Harare Central Business District. Car boots are packed with clothes and food. On the pavements, wares are displayed. A louds…

[Daily Maverick] Scores of pushcarts full of vegetables and fruit are pulled by their owners as they move around selling in the Harare Central Business District. Car boots are packed with clothes and food. On the pavements, wares are displayed. A loudspeaker is heard from a distance, "Rat killer and cockroaches." This is an everyday scene as people try to eke out a living in this cash-strapped Zim economy.

source: AllAfrica News: Zimbabwe

Tazara Vows to Increase Domestic Tourism As Numbers Skyrocket

[Daily News] Tourists have expressed their satisfaction with Tanzanian tourist attractions as Rovos Rail from South Africa increases its routes from three to five this year.

[Daily News] Tourists have expressed their satisfaction with Tanzanian tourist attractions as Rovos Rail from South Africa increases its routes from three to five this year.

source: AllAfrica News: Tanzania

Farmers Rue Poor Practices

[The Herald] When farmer David Nyamadzawo left Dande in 2005 he was looking for land with a bit more rain – and a lot less heat. After ten years wandering, he found that his new home at Wormwood farm, Concession, offered more than just rain – the soils…

[The Herald] When farmer David Nyamadzawo left Dande in 2005 he was looking for land with a bit more rain - and a lot less heat. After ten years wandering, he found that his new home at Wormwood farm, Concession, offered more than just rain - the soils could still hold water, rivers flowed perennially and trees still stood, thanks to the prudent farming practices of previous farm owners.

source: AllAfrica News: Zimbabwe