As Oil Rebounds, Kachikwu Says Fluctuating Prices Pose No Immediate Threat

[This Day] Abuja -The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has said that the current fluctuations in oil prices pose no immediate threat to Nigeria’s economic recovery, even as oil prices on Wednesday inched up for the first tim…

[This Day] Abuja -The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has said that the current fluctuations in oil prices pose no immediate threat to Nigeria's economic recovery, even as oil prices on Wednesday inched up for the first time in more than a week on a surprise drawdown in U.S. crude inventories and data from the International Energy Agency (IEA) suggesting that OPEC cuts could create a crude deficit in the first half of 2017.

source: AllAfrica News: Nigeria

Spokesman Criticizes UN After Kidnappings

[VOA] The government spokesman in the Democratic Republic of Congo has criticized the United Nations after two U.N. officials were kidnapped in the center of the country Sunday. The spokesman says his government had not been informed of their movements.

[VOA] The government spokesman in the Democratic Republic of Congo has criticized the United Nations after two U.N. officials were kidnapped in the center of the country Sunday. The spokesman says his government had not been informed of their movements.

source: AllAfrica News: Congo-Kinshasa

Exxon Buys Half of ENI’s Part of Area 4 Gas for $2.8 bn; Government Could Get $300-500 mn

[Mozambique News Reports And Clippings] Exxon-Mobil has bought 25% of the Area 4 block offshore of Cabo Delgado for $2.8 bn. This promises a windfall capital gain tax payment later this year. This gives the government an important cushion in on-going n…

[Mozambique News Reports And Clippings] Exxon-Mobil has bought 25% of the Area 4 block offshore of Cabo Delgado for $2.8 bn. This promises a windfall capital gain tax payment later this year. This gives the government an important cushion in on-going negotiations, and will help Mozambique to hold out for better terms with both the IMF and creditors.

source: AllAfrica News: Mozambique

Again, Senate Rejects Magu, Says He Should Cease to Act As EFCC Chair

[This Day] Abuja -Exactly three months after he was rejected by the Senate to have him confirmed as the substantive Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ibrahim Magu suffered the same fate on Wednesday when the Senate de…

[This Day] Abuja -Exactly three months after he was rejected by the Senate to have him confirmed as the substantive Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ibrahim Magu suffered the same fate on Wednesday when the Senate declined to confirm him for the second time, citing a damning letter by the Department of State Services (DSS) as reason for the decision.

source: AllAfrica News: Nigeria

King Mohammed VI Ousts Prime Minister

[VOA] Morocco’s King Mohammed VI has ousted Prime Minister Abdelilah Benkirane because of his failure to form a government five months after elections. A surprise palace statement late Wednesday said the king is expected to name another member of the P…

[VOA] Morocco's King Mohammed VI has ousted Prime Minister Abdelilah Benkirane because of his failure to form a government five months after elections. A surprise palace statement late Wednesday said the king is expected to name another member of the Party for Justice and Development to replace Benkirane.

source: AllAfrica News: Morocco

Dhlakama Extends Ceasefire to 4 May

[Mozambique News Reports And Clippings] Renamo head Afonso Dhlakama Friday (3 March) announced that “from 4 March, tomorrow, to 4 May this year, we will have a 60 day cease fire.” (In fact, there are 61 days between 4 March and 4 May.) He was speaking …

[Mozambique News Reports And Clippings] Renamo head Afonso Dhlakama Friday (3 March) announced that "from 4 March, tomorrow, to 4 May this year, we will have a 60 day cease fire." (In fact, there are 61 days between 4 March and 4 May.) He was speaking by telephone from his base in Gorongosa to a press conference in Maputo.

source: AllAfrica News: Mozambique

‘Strengthen Legal Framework to Protect Online Shoppers’

[Daily News] AS the number of complaints over online purchases grows, the government yesterday tasked the Bank of Tanzania (BoT) and Tanzania Communications Regulatory Authority (TCRA) to strengthen the existing legal framework to better protect online…

[Daily News] AS the number of complaints over online purchases grows, the government yesterday tasked the Bank of Tanzania (BoT) and Tanzania Communications Regulatory Authority (TCRA) to strengthen the existing legal framework to better protect online shoppers.

source: AllAfrica News: Tanzania

Govt Hopes Tobacco Will Revive Battered Economy

[VOA] Zimbabwe has opened its 2017 tobacco-selling season with hopes the “golden leaf” will change the economic fortunes of the southern African nation. Officials say the tobacco yield has been increasing after a downward turn in 2000 when the governme…

[VOA] Zimbabwe has opened its 2017 tobacco-selling season with hopes the "golden leaf" will change the economic fortunes of the southern African nation. Officials say the tobacco yield has been increasing after a downward turn in 2000 when the government chased white commercial farmers off their land.

source: AllAfrica News: Zimbabwe

To End HIV Epidemic, Listen to the Youth – Writes Rwanda’s First Daughter

[News of Rwanda] I grew up in Africa in the ’90s, a period now often called the continent’s lost decade. It is a decade that many Africans associate with tanking economies, civil strife, senseless slaughter, and devastating epidemics.

[News of Rwanda] I grew up in Africa in the '90s, a period now often called the continent's lost decade. It is a decade that many Africans associate with tanking economies, civil strife, senseless slaughter, and devastating epidemics.

source: AllAfrica News: Rwanda