KENYANS have celebrated 22 years of President Daniel arap Moi’s rule with a close eye on the country’s worst economic crisis since independence from Britain in 1963. ”The new century has not brought the blessings that Kenyans had expected,” the 76-year-old president said at celebrations to mark Moi Day, a public holiday dedicated to the […]

ANGLO-Australian mining giant Rio Tinto Plc/Ltd says it will not try to match De Beers’ A$745m bid for diamond group Ashton Mining Ltd. ”Rio Tinto notes that the De Beers offer remains conditional on a number of matters, including Foreign Investment Review Board approval, and thus intends to leave its current offer of A$1.85 and/or […]

THE South African Chamber of Business (Sacob)’s business confidence index (BCI) edged up to 101.3 in September from 100.1 in August, but the overall mood remains wary. ”Although more stable than for a long time, there seems to be a cautionary element preventing the BCI from moving forward progressively,” Sacob said. Factors which negatively influenced […]

SOUTH Africa’s manufacturing output rose by a seasonally adjusted 1.1% in August, versus a fall of 4.0% in July, Statistics South Africa reported. On an unadjusted basis, output climbed by 4.1% in the year to August, it added. In the three months to August, the rate climbed by 2.6% versus the previous quarter, with output […]

THE Volta Aluminium Company (Valco) in Ghana is ready to buy substantial quantities of gas from the West African Gas Pipeline project once it is completed, a source at Valco said. Valco’s interest will be a boost to the stakeholders in the $400m project, who are due to take a decision by the end of […]

OWN CORRESPONDENT, Bisho | Tuesday A DATE for South Africa’s much-postponed municipal elections could be announced by the end of the week after a committee reviewing the concerns of traditional leaders over new municipal boundaries finalised a report for President Thabo Mbeki. “We’re almost there,” said Provincial and Local Government Minister Sydney Mufamadi. The announcement […]

A TRADE delegation from Gauteng led by Premier Mbhazima Shilowa has arrived in the US to establish joint ventures between local information technology companies and their US counterparts. According to the Gauteng Economic Development Agency (Geda), the aim is to increase access to US and other foreign markets for local companies. “It is not easy […]

LEGISLATORS have increased pressure on the head of the Nigerian lower house of parliament and his deputy to resign following their indictment by a corruption probe panel. Umar Ghali Na’Abba and his deputy, Chibudom Nwuche, should immediately step aside or resign their positions to allow an investigation into various allegations of corruption levelled at them, […]

AFP, Windhoek | Tuesday FULL-SCALE warfare will resume in the Democratic Republic of Congo (DRC) if Ugandan-backed rebels do not halt their advance on a strategic town seen as the gateway to the capital Kinshasa, Namibia has warned. Namibian President Sam Nujoma told reporters after a mini-summit with DRC President Laurent Kabila, Zimbabwe President Robert […]

CUMULATIVE infections of HIV/Aids skyrocketed between 1986 and June this year from four to 75 383 cases, says Namibian Health and Social Services Minister Libertine Amathila. Speaking at a three-day workshop on the impact of HIV/Aids on tertiary institutions in Namibia, Amathila said some of these people had died already, some were dying and others […]