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UPDATE 1-Nigeria to divest 3 nationalised banks by Q3 2014
Mon May 20, 2013 10:08am EDT * AMCON to complete sale of 3-nationalised banks next year * To pay off 2 trln naira worth of bonds from loan recoveries * Cbank to refinance 3.6 trln naira outstanding AMCON bonds (Adds details, quotes) By Chijioke Ohuocha LAGOS, May 20 (Reuters) - Nigeria's "bad bank" expects to complete the sale of its shares in three lenders nationalised by the ...
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Ghana police to investigate stampede death in Synagogue Church
The Ghanaian Police in Accra said on Monday thatit would investigate the cause of the stampede and death in the Ghana branch of the Synagogue Church of all Nations. The Ghanaian media on Sundaywidely reported that a stampedeat the church located at Spintex Road whichled to the death ofseveral worshipers whilemany others were injured. According to the reports, worshipers were rushing forfree ...
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Two wounded as gunmen attack Libya gas site report
Police vehicles are seen next to a gas pipeline after an explosion, 18 km (11 miles) south of the city of Ajdabiyah April 3, 2013. REUTERS/Esam ...
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Tunisia Salafist leader says group cannot be defeated
Tunisia has been rocked by waves of violence blamed on militant Islamists since its January 2011 revolution, and Larayedh reacted angrily to the latest unrest, which erupted after the authorities banned the group's annual congress.At least one protester was killed and 15 police hurt, with victim due to be buried later on Monday in Ettadhamen, the ...
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Will U.S. Designate Egypt Pakistan Iraq and Nigeria As Religious Freedom Violators
Pakistani Christians protest against the country's blasphemy laws and violence targeting their minority community. An independent U.S. watchdog has urged the executive branch every year since 2002 to designate Pakistan as a "country of particular concern" over religious freedom violations. (AP Photo) (CNSNews.com) - As the State Department prepares to release its annual report on ...
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Ghana made products award 2013 calls for nominations
mk68008@gmail.com Entrepreneur Foundation of Ghana (EFG), in collaboration with the Ghana Standard Authority (GSA), has opened nominations for the maiden edition of Ghana Made Products Awards 2013, scheduled for October. The award will provide the platform for improving Ghana made products, as well as create awareness, loyalty, recognition, and prestige for the goods. The Ghana Made Products ...
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Spokesman for al-Qaida-linked Ansar Dine arrested in Mauritania
NOUAKCHOTT, Mauritania - The man who acted as the spokesman for one of the three al-Qaida-linked groups occupying northern Mali turned himself in over the weekend to Mauritanian authorities on the border, an intelligence official briefed on the matter confirmed on Monday. Sanda Ould Boumana, the Timbuktu-based spokesman for Ansar Dine, is being transferred to Mauritania's capital, ...
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Tunisia Emir of Qatar Reiterates Willingness to Boost Co-Operation Energise Bilateral Agreements - Larayedh
Doha - Interim Prime Minister Ali Larayedh said, on Sunday, he had discussed with Emir of Qatar Sheikh Hamad bin Khalifa al-Thani ways to boost Tunisian-Qatari partnership, particularly financial and technical co-operation and mobilisation of Qatari investments in Tunisia. "The Emir of Qatar reiterated his willingness to boost bilateral co-operation and energise the agreements signed ...
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Nigeria Escaping the Cycle of Violence
Having cut short a trip to South Africa and annulled a planned state visit to Namibia, President Goodluck Jonathan of Nigeria declared a "state of emergency" in three northeast states on May 14. In a speech to the nation, Jonathan acknowledged that there is an "insurrection" and that the government has lost control of certain areas to Boko Haram, a diffuse Islamist ...
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Nigeria Exclusive - Two Years On Jonathan PDP Rule Nigeria With Three-Page Clueless Manifesto
Apparently, the PDP is not interested in solving the key challenges Nigeria and Nigerians are facing. In 2011, before casting his vote in the presidential elections, Bayo Babalola, a Nigerian investment manager, did a critical review of the top three candidates. On the eve of the elections, he published his review entitled "On Your Marks" in which he announced he would "pless ...
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Nigeria UK U.S. to Assist FG Over Crude Oil Theft - Alison-Madueke
The United Kingdom and the United States have indicated interest to assist Nigeria curb the menace of crude oil theft which President Goodluck Jonathan has described as "blood oil". The minister of petroleum resources, Mrs Diezani Alison-Madueke, made the announcement at a lecture entitled "The Future of African Energy in a Changing World" delivered on Sunday at St. ...
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Nigeria Interception of Phone Calls
In February, this year, the Nigerian Communications Commission (NCC) enunciated a policy which empowers government security agencies to tap citizens' phone calls, short message services (SMS) and chat messages.The NCC, in the draft regulation, said that it would allow unhindered access to communications. "These regulations shall provide the legal and regulatory framework for the lawful ...
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Ansar al-Sharia supporter dies after Tunis police clash 14 injured
An Ansar al-Sharia supporter died of injuries he sustained during fighting between police and militants in a Tunis neighborhood, Tunisian officials said. Eleven police officers and three protesters were hurt in the fighting Sunday between security forces and supporters of Ansar al-Sharia, an organization that advocates implementation of strict Sharia, or religious, law, Tunisia's official ...
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Police easily cracks down Cameroon protests
Cameroon's nation-wide anti-government protests started modestly today, with calls for President Paul Biya to step down. But protesters in Douala and ...
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Libya rebels shoot down fighter jets
Sources in Benghazi insist that three pro-Ghaddafi fighter jets were shot down today. In an attempt to bomb the city, the jets had to fly low and were ...
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Gabon nets US$1.7bn Singaporean investments
Gabonese authorities have managed to secure investments worth a total of US$ 1.7 billion from Singapore, including a new fertilizer plant to be set up outside Port Gentil and palm oil ...
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Nigerias AMCON to retire 2 trln naira of bonds in 2013 and 2014
LAGOS | Mon May 20, 2013 8:41am EDT LAGOS May 20 (Reuters) - Nigeria's state-owned AMCON plans to retire 2 trillion naira worth of its 5.7 trillion naira of bonds this year and next from bad loan recoveries and refinance what's left with the central bank, the "bad bank" said on Monday. Asset Management Company of Nigeria (AMCON) said it had made "great progress" ...
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R2Bees Grab Six Awards Vodafone Ghana Music Awards
R2Bees It was all thrills and surprises at this year's edition of the Vodafone Ghana Music Awards (VGMA) at the Accra International Conference Centre (AICC) as the sensational R2Bees took home the Artiste of the Year ...
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Algeria heading for revolt if footballs anything to go by
Algeria is competing to be the next Arab nation to witness a popular revolt. That is assuming football is a barometer of rising discontent in a region experiencing a wave of mass protests that have already toppled the leaders of Egypt, Tunisia, Libya and Yemen and sparked civil war in ...
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Nigeria says switching to foreign debt to lower costs
Nigeria will increase the amount it borrows overseas to around 40 percent of all debt over the next three to five years, from 12 percent currently, to lower its cost of funds, the head of the debt office said on Monday. DMO Director ...
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Subsidy reform dispute imperils Moroccos ruling coalition
By Aziz El Yaakoubi RABAT, May 20 (Reuters) - Morocco's junior government party is threatening to quit the coalition unless Islamist prime minister Abdelilah Benkirane moderates plans for sweeping cuts to subsidies on food and energy. Increased subsidies have been part of Morocco's strategy to prevent popular discontent welling up into an uprising of the kind that has toppled ...
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Tunisia Calm Restored in Kairouan
Kairouan - Calm was restored to the city of Kairouan on Sunday afternoon. Tension flared in that city over the week-end in the wake of the Interior Ministry's ban on the holding of the third congress of unrecognised "Ansar al-Sharia." Security reinforcements deployed in the city of Kairouan and the vicinity of the Oqba Ibn Nafaa Mosque to ban the Ansar-al Sharia meeting pulled ...
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Tunisia Ansar Al-Sharia Supporter Dies in Clashes in Ettadhamen District
Tunis - A young supporter of Ansar Al-Sharia died on Sunday afternoon of injuries sustained in clashes that occurred in the Ettadhamen neighbourhood, a security source told TAP agency. "Moez Dahmani, a 27-year-old supporter of Ansar Al-Sharia died in hospital of injuries sustained in clashes in Ettadhamen district," TAP learnt from a security source. "A policeman and a supporter ...
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Tunisia Interior Ministry Denies Decreeing Ettadhamen District Closed Security Area
Tunis - The Interior Ministry spokesman dismissed, on Sunday, reports asserting that the Ettadhamen neighbourhood had been decreed "closed security area." "No decision had been made to decree the Ettadhamen district a closed security area," spokesperson Mohamed Ali Aroui told TAP agency, wondering about the import of such a procedure. The official also deemed ...
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Western Sahara Mhamed Khaddad On Working Visit to Germany
Berlin - Mr. Mhamed Khadad, member of the National Secretariat of the Polisario Front and coordinator with MINURSO, has made a working visit to Germany in the period between May 14 and 17, where he met officials at German Foreign Ministry and some political forces, according to a Saharawi official source. These meetings focused on the latest developments of national cause, especially the ...
Sudan Spotlight
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Sudan and the South
In January of 2011 the future of Sudan as a unified country will be decided. A referendum is due to be held in South Sudan that will decide whether the regional government of the area, which accounts for around a third of Sudan, should break away from the rest of the country and become a fully-independent nation.
South Sudan has a long history of being at odds with the rest of the country and this conflict of interests has been attributed in Western media to the fact that northern Sudan is primarily Muslim and Arab dominated, whereas South Sudan is made up of indigenous African cultures and ethnicities, this view has been reinforced by the ongoing violence in Darfur, a region of Sudan where a genocide is occurring and has led to President Omar al-Bashir of Sudan being charged with war crimes by the International Court at The Hague, a charge that the government in Khartoum categorically denies. Read more
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