Corruption: a critical barrier to progress [Business Africa]​

by | May 24, 2024 | Business

​This week’s lineup: Africa’s ongoing battle against corruption, Zambia’s copper industry threatened by an energy crisis, and the latex crisis in Cameroon’s rubber plantations. This week’s lineup: Africa’s ongoing battle against corruption, Zambia’s copper industry threatened by an energy crisis, and the latex crisis in Cameroon’s rubber plantations.  

Corruption: A Major Barrier to African Progress

The annual conference of anti-corruption agencies from Commonwealth African states is being held in Accra from May 6th to 11th. This meeting comes as the Corruption Perception Index for Africa stagnates in 2023.

The conference aims to develop innovative strategies to combat corruption and its devastating impacts on economic and social development in Africa.

Dr. Roger Oppong Korateng is this week’s guest on Business Africa. As one of the founders of this conference, he currently serves as the Head of Public Sector Governance at the Commonwealth Secretariat.

Zambia: Persistent Energy Crisis Threatens Mining Sector

Zambia faces a severe energy crisis, jeopardizing its copper industry. Frequent power outages and prolonged drought have reduced copper production, necessitating even electricity imports.

This situation concerns mining companies, while the stability of copper supply and its prices in the global market are compromised.

Cameroon: Latex Crisis in Rubber Plantations

Latex prices are plummeting in Cameroon, forcing producers to abandon rubber cultivation.

Public companies are accused of purchasing latex at meager prices while the EU and the government call for a halt to logging to counter climate change. Despite the challenges, Cameroon remains a significant latex exporter.

 

Trending News
Dangote officials, refiners tackle marketers over imported PMS

Dangote officials, refiners tackle marketers over imported PMS

by | Sep 20, 2024 |

Domestic crude oil refiners and officials at the Dangote Petroleum Refinery have kicked against the commencement of the importation of Premium Motor Spirit, popularly called petrol, by major oil marketers in Nigeria. Oil refiners alleged that some imported fuels were of low quality when compared with the ones produced by the Dangote refinery, a position

Read More

​

Domestic crude oil refiners and officials at the Dangote Petroleum Refinery have kicked against the commencement of the importation of Premium Motor Spirit, popularly called petrol, by major oil marketers in Nigeria. Oil refiners alleged that some imported fuels were of low quality when compared with the ones produced by the Dangote refinery, a position

Read More Domestic crude oil refiners and officials at the Dangote Petroleum Refinery have kicked against the commencement of the importation of Premium Motor Spirit, popularly called petrol, by major oil marketers in Nigeria. Oil refiners alleged that some imported fuels were of low quality when compared with the ones produced by the Dangote refinery, a position
Read More  Punch Newspapers – Business

Domestic crude oil refiners and officials at the Dangote Petroleum Refinery have kicked against the commencement of the importation of Premium Motor Spirit, popularly called petrol, by major oil marketers in Nigeria. Oil refiners alleged that some imported fuels were of low quality when compared with the ones produced by the Dangote refinery, a position
Read More

Nigerian economy to hit $400bn by 2026 – Rewane

Nigerian economy to hit $400bn by 2026 – Rewane

by | Sep 20, 2024 |

The Managing Director and Chief Executive Officer of Financial Derivatives Company Limited, Bismarck Rewane, has projected that the Nigerian economy would grow by 3.5 per cent by 2026, pushing the country’s gross domestic product to approximately $400bn. He disclosed this at the Access Bank Customer Forum held in Lagos on Thursday.  “The Nigerian economy will

Read More

​

The Managing Director and Chief Executive Officer of Financial Derivatives Company Limited, Bismarck Rewane, has projected that the Nigerian economy would grow by 3.5 per cent by 2026, pushing the country’s gross domestic product to approximately $400bn. He disclosed this at the Access Bank Customer Forum held in Lagos on Thursday.  “The Nigerian economy will

Read More The Managing Director and Chief Executive Officer of Financial Derivatives Company Limited, Bismarck Rewane, has projected that the Nigerian economy would grow by 3.5 per cent by 2026, pushing the country’s gross domestic product to approximately $400bn. He disclosed this at the Access Bank Customer Forum held in Lagos on Thursday.  “The Nigerian economy will
Read More  Punch Newspapers – Business

The Managing Director and Chief Executive Officer of Financial Derivatives Company Limited, Bismarck Rewane, has projected that the Nigerian economy would grow by 3.5 per cent by 2026, pushing the country’s gross domestic product to approximately $400bn. He disclosed this at the Access Bank Customer Forum held in Lagos on Thursday.  “The Nigerian economy will
Read More

Africa Creatives Alliance launched to boost economy

Africa Creatives Alliance launched to boost economy

by | Sep 20, 2024 |

The Africa Creatives Alliance has been launched to boost the creative economy in the African continent. The ACA launched recently in alignment with the African Union’s Agenda 2063, ‘The Africa We Want’, is poised to become a key catalyst for transforming Africa into a global powerhouse by harnessing the immense potential of the continent’s cultural

Read More

​

The Africa Creatives Alliance has been launched to boost the creative economy in the African continent. The ACA launched recently in alignment with the African Union’s Agenda 2063, ‘The Africa We Want’, is poised to become a key catalyst for transforming Africa into a global powerhouse by harnessing the immense potential of the continent’s cultural

Read More The Africa Creatives Alliance has been launched to boost the creative economy in the African continent. The ACA launched recently in alignment with the African Union’s Agenda 2063, ‘The Africa We Want’, is poised to become a key catalyst for transforming Africa into a global powerhouse by harnessing the immense potential of the continent’s cultural
Read More  Punch Newspapers – Business

The Africa Creatives Alliance has been launched to boost the creative economy in the African continent. The ACA launched recently in alignment with the African Union’s Agenda 2063, ‘The Africa We Want’, is poised to become a key catalyst for transforming Africa into a global powerhouse by harnessing the immense potential of the continent’s cultural
Read More

Solid mineral industry growth fuels transparency calls

Solid mineral industry growth fuels transparency calls

by | Sep 20, 2024 |

Despite the mining sector’s growing contribution to the country’s economy, stakeholders are calling for greater transparency in the Solid Minerals Development Ministry’s emphasis on value addition. They are demanding a policy framework that promotes a comprehensive value chain in the sector, DAMILOLA AINA writes The policy direction of the Solid Minerals Development Ministry to entrench

Read More

​

Despite the mining sector’s growing contribution to the country’s economy, stakeholders are calling for greater transparency in the Solid Minerals Development Ministry’s emphasis on value addition. They are demanding a policy framework that promotes a comprehensive value chain in the sector, DAMILOLA AINA writes The policy direction of the Solid Minerals Development Ministry to entrench

Read More Despite the mining sector’s growing contribution to the country’s economy, stakeholders are calling for greater transparency in the Solid Minerals Development Ministry’s emphasis on value addition. They are demanding a policy framework that promotes a comprehensive value chain in the sector, DAMILOLA AINA writes The policy direction of the Solid Minerals Development Ministry to entrench
Read More  Punch Newspapers – Business

Despite the mining sector’s growing contribution to the country’s economy, stakeholders are calling for greater transparency in the Solid Minerals Development Ministry’s emphasis on value addition. They are demanding a policy framework that promotes a comprehensive value chain in the sector, DAMILOLA AINA writes The policy direction of the Solid Minerals Development Ministry to entrench
Read More

FIRS engages industry leaders in tax reforms

FIRS engages industry leaders in tax reforms

by | Sep 20, 2024 |

The Executive Chairman of the Federal Inland Revenue Service, Zacch Adedeji, on Wednesday addressed Nigeria’s recent tax reforms, as industry leaders deliberated progress and drawbacks. Adedeji, represented by the Acting Director of the Medium Taxpayers Department, South, Oti Olaniyi, described the restructuring of FIRS as a customer-centric shift designed to improve efficiency and responsiveness. The

Read More

​

The Executive Chairman of the Federal Inland Revenue Service, Zacch Adedeji, on Wednesday addressed Nigeria’s recent tax reforms, as industry leaders deliberated progress and drawbacks. Adedeji, represented by the Acting Director of the Medium Taxpayers Department, South, Oti Olaniyi, described the restructuring of FIRS as a customer-centric shift designed to improve efficiency and responsiveness. The

Read More The Executive Chairman of the Federal Inland Revenue Service, Zacch Adedeji, on Wednesday addressed Nigeria’s recent tax reforms, as industry leaders deliberated progress and drawbacks. Adedeji, represented by the Acting Director of the Medium Taxpayers Department, South, Oti Olaniyi, described the restructuring of FIRS as a customer-centric shift designed to improve efficiency and responsiveness. The
Read More  Punch Newspapers – Business

The Executive Chairman of the Federal Inland Revenue Service, Zacch Adedeji, on Wednesday addressed Nigeria’s recent tax reforms, as industry leaders deliberated progress and drawbacks. Adedeji, represented by the Acting Director of the Medium Taxpayers Department, South, Oti Olaniyi, described the restructuring of FIRS as a customer-centric shift designed to improve efficiency and responsiveness. The
Read More