Nigeria, D8 Nations Agree to Increase Trade By U.S.$500 Billion

[Guardian] The Chambers of Commerce and Industry of eight developing countries, otherwise known as D-8 have agreed to increase trade volume among member countries to the tune of $500 billion by the year 2023.

[Guardian] The Chambers of Commerce and Industry of eight developing countries, otherwise known as D-8 have agreed to increase trade volume among member countries to the tune of $500 billion by the year 2023.

source: AllAfrica News: Nigeria

Zb Board Tussles Claim Scalps

[Zimbabwe Independent] Banker Nicholas Vingirai has taken control of the ZB Financial Holdings (ZBFH) Ltd board of directors amid indications that four independent directors called it quits soon after the businessman and two of his appointees landed se…

[Zimbabwe Independent] Banker Nicholas Vingirai has taken control of the ZB Financial Holdings (ZBFH) Ltd board of directors amid indications that four independent directors called it quits soon after the businessman and two of his appointees landed seats on the board about two months ago.iThis comes after Vingirai reclaimed 26% of the financial services group's total issued share capital.

source: AllAfrica News: Zimbabwe

Suspect Arrested for Armed Robbery in Khayelitsha

[SAPS] Western Cape: Shortly after an armed suspect perpetrated a robbery this afternoon in Site B Khayelitsha, the swift response from SAPS resulted in his apprehension. The suspect approached the driver of a dairy truck who was making deliveries in t…

[SAPS] Western Cape: Shortly after an armed suspect perpetrated a robbery this afternoon in Site B Khayelitsha, the swift response from SAPS resulted in his apprehension. The suspect approached the driver of a dairy truck who was making deliveries in the area and held him at gunpoint. He robbed the victim of cash and yogurt and fled the scene in a black VW Golf. Police responded to the matter and managed to apprehend the 23 year old suspect before he could flee the area. Once charged, he is due to make a court ap

source: AllAfrica News: South Africa

NBC in Red – Books in Shambles

[Namibia Economist] The Namibian Broadcasting Corporation this week during a second public hearing on its finances, revealed and admitted the improper handling of revenue generated from advertising, which was not approved or authorized. The national br…

[Namibia Economist] The Namibian Broadcasting Corporation this week during a second public hearing on its finances, revealed and admitted the improper handling of revenue generated from advertising, which was not approved or authorized. The national broadcaster's, Director General, Stanley Simata, answering to a parliamentary committee on public accounts admitted that during his appointment, the national broadcaster was in disorder and in transition while merging accounts for services rendered. The consolidation of the billin

source: AllAfrica News: Namibia

Comeback Policy After a Turmoil Affecting Their Economy

[Ethiopian Herald] At the time of growing political terrorism and social turmoil in the world, the hospitality sector is the main industry which suffers the most impact. Even a simple threat of civil unrest can make tourists rethink their decision to v…

[Ethiopian Herald] At the time of growing political terrorism and social turmoil in the world, the hospitality sector is the main industry which suffers the most impact. Even a simple threat of civil unrest can make tourists rethink their decision to visit a given destination. Obviously, political stability and safety are prerequisites for successful tourism despite how important the destination is to visitors.

source: AllAfrica News: Ethiopia

Zamco Takes Up U.S.$539 Million Bad Loans

[Zimbabwe Independent] A SPECIAL purpose vehicle created by the Reserve Bank of Zimbabwe to absorb non-performing loans (NPLs) says the level of bad loans is now on an upward trend after it absorbed NPLs totalling US$539 million since inception two yea…

[Zimbabwe Independent] A SPECIAL purpose vehicle created by the Reserve Bank of Zimbabwe to absorb non-performing loans (NPLs) says the level of bad loans is now on an upward trend after it absorbed NPLs totalling US$539 million since inception two year ago, mirroring a floundering economic environment.

source: AllAfrica News: Zimbabwe

Trust of Residents Towards New Cabinet

[Ethiopian Herald] This week , Prime Minister Hailemariam Dessalegn formed a new cabinet in a bid to reverse the recurrent political deadlock of the nation and bring stability.

[Ethiopian Herald] This week , Prime Minister Hailemariam Dessalegn formed a new cabinet in a bid to reverse the recurrent political deadlock of the nation and bring stability.

source: AllAfrica News: Ethiopia

More Assassinations, Suspect Escapes

[Mozambique News Reports & Clippings] Juma Ramos, head of the Renamo group in the Sofala Provincial Assembly where Renamo holds a majority of seats, was gunned down Sunday 30 October. He was also Renamo head of mobilisation in Beira. He was shot at about 20.00 at the informal stall he owned in the Beira neighbourhood of Palmeiras II. He died on the spot. According to witnesses, two armed men emerged from a car and shot Juma at point blank range. This is the 8th assassination of a senior Renamo figure this year.

[Mozambique News Reports & Clippings] Juma Ramos, head of the Renamo group in the Sofala Provincial Assembly where Renamo holds a majority of seats, was gunned down Sunday 30 October. He was also Renamo head of mobilisation in Beira. He was shot at about 20.00 at the informal stall he owned in the Beira neighbourhood of Palmeiras II. He died on the spot. According to witnesses, two armed men emerged from a car and shot Juma at point blank range. This is the 8th assassination of a senior Renamo figure this year.

source: AllAfrica News: Mozambique

EU Probes Karoi Council

[Financial Gazette] The European Union (EU) has launched an audit into possible abuse of donor funds that were meant for empowerment projects in this small farming town, the Financial Gazette can report.

[Financial Gazette] The European Union (EU) has launched an audit into possible abuse of donor funds that were meant for empowerment projects in this small farming town, the Financial Gazette can report.

source: AllAfrica News: Zimbabwe