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/ 26 January 2001

NIGERIA?S FOREIGN RESERVES NOW AT $10BN

NIGERIA?S foreign reserves rose to around $10bn last month, says acting junior finance minister Martins Jibril-Kuye. Reserves rose in December because of high oil sale revenues which were channelled into the reserves account. The Central Bank of Nigeria, which has yet to confirm the figures, said earlier this month that foreign reserves fell by a […]

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/ 26 January 2001

ESKOM MULLS STAKE IN NIGERIA?S ECONET

ESKOM Enterprises, the business unit of South African power utility Eskom, and transport parastatal Transnet are considering acquiring an equity stake in newly licensed Nigerian mobile consortium Econet Wireless Nigeria. Furthermore, an agreement with National Electric Power Authority (Nepa), the Nigerian electricity monopoly, for the possible supply of telecommunication facilities, has been put in place […]

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/ 26 January 2001

Bush urged to act on ?African World War?

A US lawmaker back from a visit to the Democratic Republic of the Congo (DRC) has described the vast central African nation as “a ticking bomb,” calling on President George W Bush to make Africa a top foreign policy priority. “The Congo is a ticking bomb,” Representative Frank Wolf told reporters, noting six African countries […]

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/ 26 January 2001

TYSON, LEWIS RUMBLE IN JOHANNESBURG?

SOUTH African boxing promoter Joe Manyathi says he has received the go-ahead from world heavyweight boxing champion Lennox Lewis to stage a title fight between him and former champion Mike Tyson in Johannesburg on July 21. Early indications are the fight will take place at the MTN Sundome in Randburg. – AFP 25

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/ 26 January 2001

OFFICIALS OWE R10M TO NORTHERN PROVINCE

MORE than 100 Northern Province health officials, who were irregularly promoted and given a salary increase before the 1994 elections, have yet to repay R10m of overpayments owed to government. The officials, who worked for the former Lebowa homeland and were promoted in 1993, are part of more than 600 civil servants in the province […]