Nigeria $1 bln wealth fund to start investing in June

Reuters - Tuesday 21st May, 2013

Tue May 21, 2013 9:45am EDT * Nigeria to start fund investment next month * Fund has been delayed twice, starts with $1 bln * Targets listed and unlisted equities and debt By Camillus Eboh LAGOS, May 21 (Reuters) - Nigeria will begin investing the initial $1 billion allocated to a new sovereign wealth fund by June, a statement from the fund showed, after it delayed the start date ...

PHOTONEWS Prof. Chinua Achebes Body Arrives In Nigeria

Sahara Reporters - Tuesday 21st May, 2013

The body of late Nigerian author, Chinua Achebe arrived in Nigeria earlier today in Abuja. Prof. Achebe's body arrived in a Nigerian flag-draped casket which was received at the airport by Nigerian officials led by the Secretary to the federal government. His coffin was then wheeled first to a church service at the Nnamdi Azikiwe International airport before proceeding to the Federal ...

Missing oil revenue stirs discontent among Chads poor

The Guardian - Tuesday 21st May, 2013

Flicit sees nothing unreasonable about her demands. Seated in one of the few shady spots in her yard, she details what she would like to obtain for her family: a decent wage, enough to eat, a health service and cheap building materials so everyone can have a home. "And school really free of charge for all children," adds this resident of Demb, a poor neighbourhood of N'Djamena, ...

How to deal with Tunisias Salafists | Sherelle Jacobs

The Guardian - Tuesday 21st May, 2013

Ansar al-Shariah supporters clash with Tunisian police in Kairouan on Sunday 19 May, after Tunisia's interior ministry banned their annual conference. Photograph: ...

Nigeria seeks Nigers military support against Boko Haram

Reuters - Tuesday 21st May, 2013

NIAMEY (Reuters) - Nigeria has asked neighboring Niger for support in a week-old offensive against Islamist insurgent bases in its semi-desert frontier region, underlining moves towards West African cooperation against jihadis seen as a cross-border ...

Tunisia EU Agrees to Further Develop Higher Education Through Erasmus for All

All Africa - Tuesday 21st May, 2013

Tunis - The European Union (EU) has agreed to further develop higher education institutions in Tunisia through the education programme "Erasmus for All". The programme, which covers the period between 2014 and 2020, is designed to upgrade higher education institutions and boost international co-operation in higher education in Tunisia, a statement of the EU ...

Tunisia Fifth Mine Explodes in Mount Chaambi No Victims

All Africa - Tuesday 21st May, 2013

Tunis - "A fifth landmine exploded, on Monday, in mount Chaambi in the governorate of Kasserine, without making victims," Colonel-Major Mokhtar Ben Nasr, National Defence Ministry's spokesman asserted. "The landmine exploded under a bulldozer on its way to open a path to the summit of the mountain," he added in a statement to TAP news agency, underlining that the ...

Tunisia Politicisation of Certain Affairs - Hinder to Consecration of Independent Justice - Minister

All Africa - Tuesday 21st May, 2013

Tunis - "The consecration of an independent justice in Tunisia can not succeed in the face of political manipulation and media pressure which concern some judiciary affairs," Justice Minister Nadhir Ben Ammou said on Monday. During his meeting with Dimiter Chalev Head of the Office of the United Nations High Commissioner for Human Rights (OHCHR), Ben Ammou stressed the efforts exerted ...

Tunisia Ban On Ansar Al-Chariaa Congress Still in Force - Interior Ministry

All Africa - Tuesday 21st May, 2013

Tunis - "The ban on holding the "Ansar al-chariaa" congress is still in force across the country" Interior Ministry's spokesman asserted, on Monday, during a meeting with the press. The rally this formation had attempted to organise on Sunday in Ettadhamen district, was illegal, Mohamed Ali Laroui specified. He added that "the security forces had enforced the ...

Nigeria Nine Minor Informants to Kidnappers Assassins Nabbed

All Africa - Tuesday 21st May, 2013

Sapele - Nine minors, all males, suspected to be members of four different dreaded cult groups that have been disguising and acting as informants to kidnappers and assassins in Sapele, Sapele Local Government Area of Delta State, were Tuesday arrested and paraded in Koko, Warri North Local Government Area of Delta state, by men of the Nigeria Army, Koko Barrack, in conjunction with the Joint ...

Nigeria Shell Community Disagree Over Cause of Bayelsa Oil Spill

All Africa - Tuesday 21st May, 2013

The Ikarama Community in Yenagoa Local Government Area of Bayelsa State has disagreed with Shell Petroleum Development Company over the cause of the reported oil spills from nearby oil wells. The spill has contaminated the Taylor Creek in Yenagoa; and residents of Biseni/JK4 Road told the News Agency of Nigeria that they disagreed that the spills were caused by oil theft. Officials of ...

Ethiopia Construction of Ethio-Kenyan Electric Highway to Commence

All Africa - Tuesday 21st May, 2013

Miherete Debebe CEO of EEPCo, Guang Z Chen, WB Country Director for Ethiopia, Alemayehu Tegenu, minister of Water and Energy and Lamin Barrow, resident representative of the African Development Bank after the signing ceremony at the Hilton Hotel. The construction of the Ethiopia - Kenya interconnector high-voltage electric highway line will start in September 2013. The project has secured ...

Nigeria Country to Achieve Carbon Neutrality By 2025 Says Alison-Madueke

All Africa - Tuesday 21st May, 2013

The Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, has said Nigeria will by 2025 bring down its gas flaring by at least two per cent. Alison-Madueke disclosed that by 2010, the country had recorded a downward gas flaring rate of 30 per cent as well as against the current rate of 11 per cent, adding that it aspires to bring it further down to two per cent by 2020 and beyond. The ...

Ghana Work Now Starts At Permanent Site of Volta Varsity

All Africa - Tuesday 21st May, 2013

Ho - Chinese contractors have started work on the permanent site for the University of Health and Allied Sciences at Sokode near Ho. The work being undertaken at the site includes laying of a foundation for the building of temporary accommodation and offices for the foreign workers, pegging and erecting of a security fence wall, surveying, and raising of pillars. Speaking to the media at the ...

Ethiopia ETH Switch Opens Financial Proposals of Two Firms

All Africa - Tuesday 21st May, 2013

The development of a national Electronic Funds Transfer System will make inter-bank processes easier EthSwitch SC is choosing between two companies - BPC Banking Technologies BV and Compass Plus Limited (Great Britain) - for the award of a turnkey contract for the supply and implementation of a National Electronic Funds Transfer (EFT) Switch Clearing Settlement and Reconciliation System. It ...

Nanotechnology Expert Chad Mirkin Selected for Linus Pauling Medal Award

AZoM - Tuesday 21st May, 2013

Northwestern University scientist Chad A. Mirkin has been selected to receive the 2013 Linus Pauling Medal Award from the Oregon, Portland and Puget Sound local sections of the American Chemical ...

Kosmos Comes Up Dry Onshore Cameroon

Rigzone - Tuesday 21st May, 2013

Kosmos Energy Ltd. said it failed to find commercial reservoirs at an exploration well onshore Cameroon, sending the oil-and-gas company's shares falling after hours. The Sipo-1 exploration well, drilled on the Ndian River Block in the Rio del Rey Basin, was targeting the Miocene Isongo Formation. Oil and gas shows evidenced during drilling indicated a working petroleum system, but no ...

Lebanese farmland firm to invest up to $800 million in Sudan

Reuters - Tuesday 21st May, 2013

Tue May 21, 2013 7:32am EDT * Arab firms lease farmland in Sudan to secure food for Gulf * Lebanon's GLB to invest up to $800 million in Sudan By Ulf Laessing KHARTOUM, May 21 (Reuters) - Lebanese farmland investor GLB Invest plans to invest up to $800 million in Sudan to produce animal feed to be sold to Saudi Arabia, its president said on Tuesday. Arab investors have launched farmland and ...

Etisalats Nigeria affiliate signs $1.2 billion loan

Reuters - Tuesday 21st May, 2013

DUBAI | Tue May 21, 2013 7:26am EDT DUBAI May 21 (Reuters) - Etisalat's Nigeria affilate has signed a $1.2 billion loan with 13 Nigerian banks, the United Arab Emirates' No.1 telecom operator said on Tuesday. The medium-term facility will be used to refinance an existing $650 million loan and bolster Etisalat Nigeria's network, Etisalat said in a statement to the Abu Dhabi ...

Human Rights delegation meets in Morocco

Bahrain News Agency - Tuesday 21st May, 2013

Manama, May 21 (BNA) - Bahraini delegation led by Human Rights Affairs Minister Dr. Salah bin Ali Abdulrahman met with the inter-ministerial delegate in charge of human rights in the Kingdom of Morocco, Dr. Mahjoub Al-Hayba, in response to the invitation received from the Moroccan government to be familiar with the Moroccan experience in the field of human rights and to exchanging experiences in ...

Cross River State Rural Access and Mobility Project in Nigeria

ADBG - Tuesday 21st May, 2013

Cross River State has an enviable history in Nigeria, yet until 2008, most rural roads were in poor, impassable conditions. They had a negative impact on the local economy, especially agricultural activities, with poor rural roads resulting in exorbitant vehicle operating costs and unquantifiable travel times. The situation was worse still in far-flung villages where logs of fallen trees often ...

AfDB Project Integrates Nomadic Peoples into Mainstream Education in Nigeria

ADBG - Tuesday 21st May, 2013

Spanning at least 20 different countries across the African continent, nomadic peoples constitute about six per cent of the total African population, or some 50 million people. This large population, categorized into three major groups, as pastoralists, migrant fishing folks and farmers, has a common wandering lifestyle. Shrinking grazing lands, constant blocking of grazing paths, increasing ...