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http://www.africapractice.comTuesday 12th January 2010
Quote of the Day:
“We hope to use ICT to ease teaching challenges where teacher shortages remain a problem. The ministry is exploring various intervention measures that will create the necessary conditions to access education more easily,” Kenyan Education minister, Sam Ongeri
AFRICAN POLITICS
Nigeria's ailing President Yar'Adua breaks silence - BBC (UK)
12 January 2010
Nigeria's president, not seen in public since going into hospital in Saudi Arabia for heart treatment in November, has told the BBC he is recovering. Full story.
NRM wars take centre stage today - Daily Monitor (UG)
12 January 2010
Vice President Gilbert Bukenya and Trade Minister Kahinda Otafiire in separate interviews said it would be unwise for today’s meeting to ignore the matter, which cushions party discipline ahead of the 2011 elections. Full story.
MPs take over Treasury powers in revised draft - Business Daily (KEN)
12 January 2010
A drastic shift in the management of the country’s finances could be in the offing if a proposal in the revised draft constitution to abolish the Treasury and replace it with two teams in charge of allocating revenue and monitoring expenditures finds its way in the statute books. Full story.
Constitutional Review Commission inaugurated - Ghana Web (GH)
12 January 2010
President John Evans Atta Mills on Monday inaugurated a nine-member Constitutional Review Commission, to review the current 1992 Ghana Constitution with a call on them to be impartial in their deliberations. Full story.
New speaker for Mozambican parliament - Club of Mozambique (MZ)
12 January 2010
Veronica Macamo, of Mozambique’s ruling Frelimo Party, will be elected unopposed as chairperson (speaker) of the country’s newly-elected parliament, the Assembly of the Republic, at its first sitting on Tuesday. Full story.
AFRICAN ECONOMY
Recession ‘could shift factory jobs to Africa’ - Business Day (SA)
12 January 2010
The global recession could end only in 2012, but Africa could take advantage of a likely shift in manufacturing jobs to the continent. Full story.
Sub-Sahara Africa Stocks: CMC, Kenya Electricity, Sasini Move - Bloomberg (US)
12 January 2010
Kenya’s All-Share Index rose to a one-year high, adding 0.3 percent to 59.64 at 10:55 in Nairobi. Full story.
Softer rand in ranges - News 24 (SA)
12 January 2010
The rand softened by midday on Tuesday, but remained range bound, tracking the euro amid very little economic data. Full story.
Market capitalisation rises by N96 billion on the Exchange - Guardian (NG)
12 January 2010
Equity transactions on the Nigerian Stock Exchange, which started the year on an upbeat continued yesterday, when the market reopened for the second week, as more blue chip stocks continued to record price appreciation, causing market capitalisation to rise further by N96 billion. Full story.
AFRICAN BUSINESS
Banking & Finance
BRD’s credit fund for MFIs to hit Rwf5 billion - New Times (RW)
12 January 2010
Rwanda Development Bank (BRD) is this year planning to increase their credit fund that avails finances to Micro Finance Institutions (MFIs) to Rwf5 billion, Business Times has learnt. Full story.
CBN okays open bidding for distressed banks - Vanguard (NG)
11 January 2010
Govenor of CBN, Mr Lamido Sanusi said, yesterday, that capitalisation was not the major problem with banks, rather lack of corporate governance and mis-management… Full story.
Foreign investors raise stake in Kenya's I&M Bank - Reuters (UK)
12 January 2010
French and German development agencies with a stake in Kenya's I&M Bank have injected an additional $17 million into the bank and increased their shareholding, the bank said. Full story.
Oil & Energy
Heritage Oil silent on plan to sell shares - Daily Monitor (UG)
12 January 2010
Heritage Oil Plc, one of the four companies exploring oil in western Uganda, yesterday remained silent on intentions to either list or cross-list its shares in Uganda like Tullow Oil Plc is planning to do. Full story.
Metals & Mining
Zambia Jan-Nov 2009 copper production up: c.bank - Reuters (UK)
12 January 2010
Copper output in Zambia, the number one producer of the metal in Africa, rose to 636,528 tonnes from January to November 2009 versus 536,460 tonnes in the same period the previous year, the central bank said on Tuesday. Full story.
Transport & Infrastructure
Future Kenya Port Could Mar Pristine Land - New York Times (US)
12 January 2010
The evening call to prayer here is like a summons, for everyone on the island. Full story.
ATCL out to boost flights - The Guardian (TZ)
12 January 2010
Air Tanzania Company Limited (ATCL) has leased an aircraft from an American firm, Celtic Capital Air Corporation to revamp its operations. Full story.
China injects $39m into TAZARA ops - Times of Zambia (ZAM)
12 January 2010
The Chinese government has given the financially crippled Tanzania-Zambia Railways Authority (TAZARA) US$39 million interest-free loan to revive its operations, Communication and Transport Minister Geoffrey Lungwangwa has said. Full story.
Technology & Communication
Education ministry bets on ICT to link institutions - Business Daily (KEN)
12 January 2010
The Education ministry is gearing up for a series of ICT investments aimed at strengthening ties between institutions . Full story.
Mauritania launches media campaign against terrorism, extremism - Xinhua (CH)
11 January 2010
Mauritania is launching a large-scale media campaign against the dangers of terrorism and extremism, according to the local press agency ANI. Full story.
Agriculture
Kenyan Tea, Coffee Production to Rise Due to Torrential Rains - Bloomberg (US)
12 January 2010
Kenya, the world’s biggest grower of black tea, may see a 10 percent rise in output of the leaves in January following torrential rains that have fallen since December, said Peter Kegode, an agricultural economist. Full story.
Other
UN says Millennium Villages Projects helps halt mother-to-child infections across Africa - Xinhua News (CH)
12 January 2010
United Nations officials said on Monday that its Millennium Villages Projects (MVP) have helped to drastically reduce month-to-child HIV transmissions across Africa. Full story.
AFRICAN ENVIRONMENT
Kenya confronts floods - Capital News (KEN)
12 January 2010
Kenya has set aside Sh4.5 billion to assist those affected by floods following the on-going El Nino rains. Full story.
Green Belt Initiative Taking Shape - IPS
11 January 2010
Let the rains fail, even for several successive seasons, and Malawi should still be able to produce enough to feed itself.¨ Full story.
Oguaa MCE Commends Eco Brigade - Ghanaian Chronicle (GH)
11 January 2010
The Cape Coast Metropolitan Chief Executive (MCE), Mr. Anthony Egyir Aikins, on Thursday commended the newly commissioned Eco Brigade in Cape Coast for maintaining a high sense of duty at the various beaches. Full story.
“We hope to use ICT to ease teaching challenges where teacher shortages remain a problem. The ministry is exploring various intervention measures that will create the necessary conditions to access education more easily,” Kenyan Education minister, Sam Ongeri
AFRICAN POLITICS
Nigeria's ailing President Yar'Adua breaks silence - BBC (UK)
12 January 2010
Nigeria's president, not seen in public since going into hospital in Saudi Arabia for heart treatment in November, has told the BBC he is recovering. Full story.
NRM wars take centre stage today - Daily Monitor (UG)
12 January 2010
Vice President Gilbert Bukenya and Trade Minister Kahinda Otafiire in separate interviews said it would be unwise for today’s meeting to ignore the matter, which cushions party discipline ahead of the 2011 elections. Full story.
MPs take over Treasury powers in revised draft - Business Daily (KEN)
12 January 2010
A drastic shift in the management of the country’s finances could be in the offing if a proposal in the revised draft constitution to abolish the Treasury and replace it with two teams in charge of allocating revenue and monitoring expenditures finds its way in the statute books. Full story.
Constitutional Review Commission inaugurated - Ghana Web (GH)
12 January 2010
President John Evans Atta Mills on Monday inaugurated a nine-member Constitutional Review Commission, to review the current 1992 Ghana Constitution with a call on them to be impartial in their deliberations. Full story.
New speaker for Mozambican parliament - Club of Mozambique (MZ)
12 January 2010
Veronica Macamo, of Mozambique’s ruling Frelimo Party, will be elected unopposed as chairperson (speaker) of the country’s newly-elected parliament, the Assembly of the Republic, at its first sitting on Tuesday. Full story.
AFRICAN ECONOMY
Recession ‘could shift factory jobs to Africa’ - Business Day (SA)
12 January 2010
The global recession could end only in 2012, but Africa could take advantage of a likely shift in manufacturing jobs to the continent. Full story.
Sub-Sahara Africa Stocks: CMC, Kenya Electricity, Sasini Move - Bloomberg (US)
12 January 2010
Kenya’s All-Share Index rose to a one-year high, adding 0.3 percent to 59.64 at 10:55 in Nairobi. Full story.
Softer rand in ranges - News 24 (SA)
12 January 2010
The rand softened by midday on Tuesday, but remained range bound, tracking the euro amid very little economic data. Full story.
Market capitalisation rises by N96 billion on the Exchange - Guardian (NG)
12 January 2010
Equity transactions on the Nigerian Stock Exchange, which started the year on an upbeat continued yesterday, when the market reopened for the second week, as more blue chip stocks continued to record price appreciation, causing market capitalisation to rise further by N96 billion. Full story.
AFRICAN BUSINESS
Banking & Finance
BRD’s credit fund for MFIs to hit Rwf5 billion - New Times (RW)
12 January 2010
Rwanda Development Bank (BRD) is this year planning to increase their credit fund that avails finances to Micro Finance Institutions (MFIs) to Rwf5 billion, Business Times has learnt. Full story.
CBN okays open bidding for distressed banks - Vanguard (NG)
11 January 2010
Govenor of CBN, Mr Lamido Sanusi said, yesterday, that capitalisation was not the major problem with banks, rather lack of corporate governance and mis-management… Full story.
Foreign investors raise stake in Kenya's I&M Bank - Reuters (UK)
12 January 2010
French and German development agencies with a stake in Kenya's I&M Bank have injected an additional $17 million into the bank and increased their shareholding, the bank said. Full story.
Oil & Energy
Heritage Oil silent on plan to sell shares - Daily Monitor (UG)
12 January 2010
Heritage Oil Plc, one of the four companies exploring oil in western Uganda, yesterday remained silent on intentions to either list or cross-list its shares in Uganda like Tullow Oil Plc is planning to do. Full story.
Metals & Mining
Zambia Jan-Nov 2009 copper production up: c.bank - Reuters (UK)
12 January 2010
Copper output in Zambia, the number one producer of the metal in Africa, rose to 636,528 tonnes from January to November 2009 versus 536,460 tonnes in the same period the previous year, the central bank said on Tuesday. Full story.
Transport & Infrastructure
Future Kenya Port Could Mar Pristine Land - New York Times (US)
12 January 2010
The evening call to prayer here is like a summons, for everyone on the island. Full story.
ATCL out to boost flights - The Guardian (TZ)
12 January 2010
Air Tanzania Company Limited (ATCL) has leased an aircraft from an American firm, Celtic Capital Air Corporation to revamp its operations. Full story.
China injects $39m into TAZARA ops - Times of Zambia (ZAM)
12 January 2010
The Chinese government has given the financially crippled Tanzania-Zambia Railways Authority (TAZARA) US$39 million interest-free loan to revive its operations, Communication and Transport Minister Geoffrey Lungwangwa has said. Full story.
Technology & Communication
Education ministry bets on ICT to link institutions - Business Daily (KEN)
12 January 2010
The Education ministry is gearing up for a series of ICT investments aimed at strengthening ties between institutions . Full story.
Mauritania launches media campaign against terrorism, extremism - Xinhua (CH)
11 January 2010
Mauritania is launching a large-scale media campaign against the dangers of terrorism and extremism, according to the local press agency ANI. Full story.
Agriculture
Kenyan Tea, Coffee Production to Rise Due to Torrential Rains - Bloomberg (US)
12 January 2010
Kenya, the world’s biggest grower of black tea, may see a 10 percent rise in output of the leaves in January following torrential rains that have fallen since December, said Peter Kegode, an agricultural economist. Full story.
Other
UN says Millennium Villages Projects helps halt mother-to-child infections across Africa - Xinhua News (CH)
12 January 2010
United Nations officials said on Monday that its Millennium Villages Projects (MVP) have helped to drastically reduce month-to-child HIV transmissions across Africa. Full story.
AFRICAN ENVIRONMENT
Kenya confronts floods - Capital News (KEN)
12 January 2010
Kenya has set aside Sh4.5 billion to assist those affected by floods following the on-going El Nino rains. Full story.
Green Belt Initiative Taking Shape - IPS
11 January 2010
Let the rains fail, even for several successive seasons, and Malawi should still be able to produce enough to feed itself.¨ Full story.
Oguaa MCE Commends Eco Brigade - Ghanaian Chronicle (GH)
11 January 2010
The Cape Coast Metropolitan Chief Executive (MCE), Mr. Anthony Egyir Aikins, on Thursday commended the newly commissioned Eco Brigade in Cape Coast for maintaining a high sense of duty at the various beaches. Full story.
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