Business

Tue,25Sep2018

Business

PEOPLE | Clare Akamanzi : Business development at the grassroots

PAUL KAGAME/FLICKR
The chief executive of the Rwanda Development Board has far-reaching plans to build up the local business class and achieve the country’s ambition of middle-income status

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Nigeria power generation drops after ruptured gas pipe shuts six power stations

vegetable vendors ply their wares by the light of locally-made lanterns in Lagos, Nigeria. Photo: Sunday Alamba/AP/SIPANigeria experienced a sharp drop in power after a gas pipeline rupture caused six power stations to halt operations temporarily, the electricity grid operator said, underscoring the chronic instability of the country's power infrastructure.

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S.African lobby group opposes parts of new draft mining charter

Gwede Mantashe during a media briefing in Johannesburg, South Africa, Wednesday, April 5, 2017. Photo:Themba Hadebe/AP/SIPAThe Minerals Council South Africa, an industry lobby group, said on Sunday it does not support some elements in the latest draft of an industry charter, including a stipulation that one percent of core profit is paid to communities and employees.

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Kenya's Safaricom opposes planned tax increase on mobile cash transfers

 Aug. 24, 2011 customers make money transfers at an M-Pesa counter in Nairobi, Kenya, as others wait outside. Photo: Sayyid Abdul Azim/AP/SIPAKenya's biggest mobile phone operator Safaricom is opposed to a proposed tax rise on mobile phone based cash transfers that its chief finance officer said on Monday would discourage the drive towards modern payments systems.

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Glencore settles with Gertler over Congo royalties

Urs Flueeler/AP/SIPA Glencore has settled a mining dispute in Democratic Republic of Congo with two companies associated with Israeli billionaire Dan Gertler by agreeing to pay royalties in a currency other than U.S. dollars, the company said on Friday.

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Kenya to repeal rate cap, introduce 'Robin Hood' tax

Customers waiting to place their orders at Kentucky fried chicken restaurant at the Nakumat junction in Nairobi, Kenya Aug. 23, 2011. Photo: Khalil Senosi/AP/SIPAKenya's Finance Minister Henry Rotich on Thursday said he would propose repealing a cap on commercial lending rates, as he presented a budget including a new tax on financial transactions.

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AGRIBUSINESS | ITW: Ade Adefeko, VP corporate and government relations, Olam; "Farmers big and small"

Ade Adefeko Vice-president, corporate and government relations, Olam

The Singaporean agribusiness Olam is taking a greater interest in Nigeria’s potential. Olam set up a 10,000ha rice farm and a rice mill in Nasarawa State in 2013. As of December 2016, 4,450ha were already under cultivation and the firm was expanding its outgrower programme, which works with smallholders in the area.

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