Stock Market Continues to Bleed As Investors Lose N218 Billion

[Vanguard] Investors woes worsened last week following dismal performance sustained across all sectors on the Nigerian Stock Exchange, NSE, leading to a loss of N218 billion at the close of activity in the week.

[Vanguard] Investors woes worsened last week following dismal performance sustained across all sectors on the Nigerian Stock Exchange, NSE, leading to a loss of N218 billion at the close of activity in the week.

source: AllAfrica News: Nigeria

Jonathan At 59 – PDP, Fani-Kayode Describe Ex-President As Icon of Democracy

[Vanguard] Former Minister of Aviation, Chief Femi Fani-Kayode, said yesterday that if former President Goodluck Jonathan had not conceded the 2015 Presidential election and congratulated his opponent, President Muhammadu Buhari, Nigeria would have bee…

[Vanguard] Former Minister of Aviation, Chief Femi Fani-Kayode, said yesterday that if former President Goodluck Jonathan had not conceded the 2015 Presidential election and congratulated his opponent, President Muhammadu Buhari, Nigeria would have been plunged into a cauldron of fire.

source: AllAfrica News: Nigeria

‘Hyena’ Convicted for Traditional, But Illegal, Sex Customs

[VOA] A magistrate’s court in Malawi has convicted a 45-year-old man accused of practicing traditional sex customs — deflowering young girls and comforting bereaved widows — that were outlawed three years ago in the southern African nation.

[VOA] A magistrate's court in Malawi has convicted a 45-year-old man accused of practicing traditional sex customs -- deflowering young girls and comforting bereaved widows -- that were outlawed three years ago in the southern African nation.

source: AllAfrica News: Malawi

Opinion: What’s Wrong With Pres. Lungu Giving Up 50% Of His Salary?

It is difficult to understand why anyone would have a problem with a President offering to half his salary as a way to set the pace for austerity measures. The country is under no illusion that whoever may have won … Continued

The post Opinion: What’s Wrong With Pres. Lungu Giving Up 50% Of His Salary? appeared first on Zambia Reports.

It is difficult to understand why anyone would have a problem with a President offering to half his salary as a way to set the pace for austerity measures. The country is under no illusion that whoever may have won the elections there was going to be tough decisions to be made. Everyone knows the mayhem in the mining sectors exacerbated by falling metal prices that saw a record job losses on the Copperbelt. The food security situation has been fragile given the erratic weather pattern and the effects are the mealie meal increase the country is witnessing at the moment. President Edgar Lungu is not under any obligation to forfeit anything under these trying economic times. As a token to the public he has announced that he has given up 50% of his salary and there are people who are taking issue with that. Is it not the right message at a time when every little resource must be preserved? Did not Vice President Inonge Wina throw the gauntlet to the rest of public figures like parliamentarians to also play their part? Perhaps this is where the discussion should be concentrated on as to who is next to give up part of their salary. The more reasonable should have even perhaps pushing the debate to what other excess expenditure areas should be targeted. It is shocking that even a gesture as innocent as offering a pay cut should raise so much dust instead of being commended. Do people want President Lungu to feel guilty for having stood in solidarity with the people in times of tough economic hardships? The post Opinion: What’s Wrong With Pres. Lungu Giving Up 50% Of His Salary? appeared first on Zambia Reports.

source: Zambia Reports

Bring to an End the Infighting

[Zimbabwe Standard] Every day, football is losing knowledgeable and experienced leaders on the basis that they have rebelled against the Zifa leadership or that they have broken such and such a rule.

[Zimbabwe Standard] Every day, football is losing knowledgeable and experienced leaders on the basis that they have rebelled against the Zifa leadership or that they have broken such and such a rule.

source: AllAfrica News: Zimbabwe

’44 Solid Minerals Untapped in Nigeria’

[Daily Trust] The President of Nigerian Society of Chemical Engineers (NSChE), Prof Emenike N. Wami, says there are 44 solid minerals spread across Nigeria which if harnessed can yield revenues for the country.

[Daily Trust] The President of Nigerian Society of Chemical Engineers (NSChE), Prof Emenike N. Wami, says there are 44 solid minerals spread across Nigeria which if harnessed can yield revenues for the country.

source: AllAfrica News: Nigeria