Yearly Archives: 1999

NIGERIA’S second and third largest political parties formally announced an electoral alliance on Tuesday, a month ahead of the country’s presidential and legislative elections, dismissing splits the mooted pact has caused. Mahmud Waziri, chairman of the right-wing All Peoples Party (APP) and Ayo Adebanjo, chairman of the regionalist Alliance for Democracy (AD), announced that the […]

THE fuel shortage that has crippled Nigerian industry and trade will end in two to three months’ time, an advisor to military ruler General Abdulsalami Abubakar said on Wednesday. Aret Adams said in a speech delivered by an aide that the shortage of petroleum products on the domestic market will end as imports continue and […]

EAST and Central African leaders have suspended economic sanctions imposed on Burundi almost three years ago, official sources said at the end of a summit of heads of states of the region held in Arusha, northern Tanzania. The decision was taken on Saturday, based on a report submitted by former Tanzanian President Julius Nyerere, who […]

TANZANIAN police and the United States Federal Bureau of Investigations are holding one person for questioning in connection with last year’s US embassy bombing Dar es Salaam, press reports said on Monday. Tanzania’s Criminal Investigations Department director Rajabu Adadi would not name the suspect and also refused to say whether the he was one of […]

INVESTMENT banking group Investec Botswana is to launch Botwana’s first private bank on February 1, Investec Private Banking (SA) MD Steve Helibron announced on Monday. Investec established itself in Botswana in 1995 and is dual-listed on the Botswana Stock Exchange and the Johannesburg Stock Exchange. Helibron said in a statement that although the bank will […]

A SHARE swap announced last night between Johnnic and its 58%-held Omni Media subsidiary will result in MIH Investments becoming a wholly owned subsidiary of Nasionale Pers. MIH Investments holds only shares in MIH (Multichoice Industrial Holdings) and M-Web. The swap means Omni Media is giving up 61,7-million shares in MIH Investments for 90,9-million M-Cell […]

ZAMBIAN President Frederick Chiluba on Friday cited a prolonged donor aid squeeze and declining foreign exchange earnings from copper as among factors that led to the country’s poor economic performance during 1998. Despite projections that the economy would grow by 5% in 1998, it only registered a 2% growth rate. Chiluba reported that inflation, which […]

THE claims of armed robber Collin Chauke that he was assaulted while being arrested last week will be investigated by the Independent Complaints Directorate, SABC news reported on Monday. Chauke had visible abrasions above his right eye when he was spotted by press outside the Pretoria Magistrates’ Court last Wednesday. Police, however, said he probably […]

WORLD Bank President James Wolfensohn has proposed a global approach towards an improved and efficient development. ” … There is the need to adopt a vision beyond projects, a global approach aimed at improving the efficiency of development activities,” Wolfensohn said in Abidjan on Sunday at the end of a three-day official visit to Cote […]

WESTERN Areas gold firm sustained its steady performance improvement for the fourth successive quarter in the three months to December, boosting production, curbing costs and posting a further profit increase. Gold production for the quarter rose by 115kg or 3,8% to 3134kg. Gold revenue increased from R336,1-million to R336,7-million, helped by the higher production and […]