Business & Investment

Nigeria: OPEC Quota Under Threat As Militants Resume Hostility

February 6, 2012 | Source: AllAfrica News: Economy, Business and Finance

[Leadership]

Nigeria’s ability to meet its quota at the Organisation of Petroleum Exporting Countries (OPEC) is now in doubt as militants in the Niger Delta region have resumed hostility.

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Tanzania: Special Report – Uncertainty Clouds Future of the Local Leather Sector

February 6, 2012 | Source: AllAfrica News: Economy, Business and Finance

[Citizen]
Dar es Salaam -
The leather industry in Tanzania has faced severe difficulties for a long time. More recently, however, there have been signs that the sub-sector is headed for serious downfall.

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Nigeria: Cash-Strapped, FG Can’t Pay Workers’ Salaries

February 6, 2012 | Source: AllAfrica News: Economy, Business and Finance

[Leadership]

The year 2012 has started on a bad note for federal civil servants in the country for one clear reason: their salaries for the first month of the year has not been paid, four days into the second month of…

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Tanzania: Analysts – Economic Woes to Boost Gold

February 6, 2012 | Source: AllAfrica News: Economy, Business and Finance

[Citizen]
Melbourne -
Gold prices could rise to as high as $2,500 an ounce in the next five years and retain its safe harbour status for as long as the world’s financial system remains in crisis mode.

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Sudan: President Bashir – the Belligerent Eye of a Perfect Storm

February 6, 2012 | Source: AllAfrica News: Economy, Business and Finance

[iMaverick]

The vultures are circling around Sudan’s President Omar Al-Bashir. He’s faced problems before, of course, but a perfect storm of resistance and discontent brewing in and out of his country is the most seri…

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Ghana: Oil Revives Prostitution

February 6, 2012 | Source: AllAfrica News: Economy, Business and Finance

[RNW Africa]
Takoradi -
Ghana’s seaport of Takoradi has regained its former vibrancy in the past year since President John Atta Mills turned the wheels to mark the production of first oil. As the numbers of expat oilma…

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Egypt: Chinese Feed Illegal Ivory Trade

February 6, 2012 | Source: AllAfrica News: Economy, Business and Finance

[IPS]
Cairo -
The illegal trade in ivory continues in Egypt, with ivory products sold openly in local tourist markets by traders who operate with impunity, a new study by the conservation group Traffic has found.

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Uganda: Government Needs a Policy Review On Salaries

February 6, 2012 | Source: AllAfrica News: Economy, Business and Finance

[Monitor]

While many thought the differences between the government and the community of teachers had been settled last year, it is apparent that we are still a long way off from any semblance of resolving the problem…

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Nigeria: Three Arraigned for Killing Man Over Argument On Subsidy Removal

February 6, 2012 | Source: AllAfrica News: Economy, Business and Finance

[Daily Trust]
Ilorin -
Police in Ilorin, the Kwara State capital, last week arraigned three persons before an Ilorin Magistrate’s Court for allegedly stabbing a 31 year-old man to death over an argument on subsidy remo…

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Nigeria: MEND Resumes Hostilities

February 6, 2012 | Source: AllAfrica News: Economy, Business and Finance

[Vanguard]

After cessation of hostilities for some months in the Niger Delta, the Movement for the Emancipation of the Niger Delta, MEND, weekend, threatened to bomb telecommunications giant MTN, SACOIL and other inve…

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