The Abuja Electricity Distribution Company (AEDC) has signed a contract worth $3.7 million‎ with ZTE Nigerian LTD, for the supply of 30 000 pre-paid meters. This is aimed at ensuring proper billing system, and greater transparency in energy transactions with the consumers. “On the customer side, the meters measure the energy which the customer is consuming. As a result, the...

The Federal Government of Nigeria has agreed to publish the names of high ranking officials from whom public funds were recovered, according to Abubakar Malami (photo), the Minister of Justice and Attorney-General of the Federation. This is coming after a ruling by a Federal High Court in Lagos ordering the Federal Government to immediately release information about high ranking officials from...

The Federal Government of Nigeria is looking to sell 20% of its shares in some partially privatized companies listed on the Nigerian Stock Exchange (NSE), according to Alex Okoh (photo), the Director General of the Bureau of Public Enterprises (BPE). This aims to allow Nigerians own shares in the firms. Speaking at the 2017 annual national workshop of the Chartered Institute of Stockbrokers...

The lower house of parliament has called on Nigeria’s former President, Goodluck Jonathan (photo), to come forward and testify in an inquiry into the OPL 245 deal involving Shell and Eni. “It is imperative that evidence should be taken from former president Goodluck Jonathan,” a statement from the National Assembly committee investigating the case reads. According to the statement, the...

Launched in 2012, the land deeds digitization operation helped dematerialize a total of 3,605 titles dating from the colonial period and located across six wilayas in the West of Algeria. This was revealed by the archive office of the Oran wilaya. “Since this operation was launched in 2012, led by the Oran wilaya, 3,605 land titles dating from the colonial period and situated in the Oran,...

In Benin, telecom services users, regrouped in the “Voix des consommateurs” (Consumers’ voice) association, are angry at mobile operators MTN, Moov and Glo, for the poor services the firms provide. In effect, the users carried out a protest march on July 5, 2017, passing by the various head offices of the operators. The users denounce poor quality of calls, disappearing of credit and...

On July 5, 2017, the ANC ended a conference at Nasrec, south of Johannesburg, to discuss the issue of land expropriation without compensation which divides them and create tensions in their mist. More than 3,700 delegates were gathered at the conference. Delegates of the land reform commission, which has been established to reflect on amendment to article 25 of the constitution to facilitate...

The Republic of Congo will enter its second year of recession as the government said it expects a 1.9% contraction of its gross domestic product this year, against a 1% growth expected earlier on. According to Reuters which cites a statement from the minister of finance, Calixte Nganongo, the lower forecast is explained by low oil output, which results from fields getting...

The Federal Government of Nigeria plans to invest N9 billion ($27.5million) to upgrade hospitals in the country, in a bid to put an end to foreign medical trips by locals. This was revealed by the Minister of Budget and National Planning, Udoma Udo Udoma, last Tuesday in Abuja. The official who was addressing civil society organizations added: What the ministry of health is doing is going into...

Nigeria will raise between $1.18billion and $1.48 bln from the sale of a 5 and 20-year sovereign bond in the third quarter of 2017, according to the Debt Management Office (DMO). The debt office on Wednesday said it will auction a N90-120 billion in five-year note and a N135-165 billion in 10 and 20-year debt between July and September. The issuing of bond is part of the...