TechMart

Zimbabwe Gets EU $2,6m For Human Rights Protection

Harare  –  The European Union (EU) on Monday extended a 2.6 million U.S. dollars grant to Zimbabwe to help improve human rights protection. The grant marked the resumption of EU direct development assistance to Zimbabwe since 2002 when the bloc imposed sanctions on the country. The EU said in a statement that the fund aims at supporting the rule of ...

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SEC Marks 400 Professionals/Experts For Registration Revocation

By Nse Anthony-Uko ABUJA, (Sundiata Post) – The Securities and Exchange Commission (SEC) is to revoke the registration of about 400 Capital Market Experts or Professionals who do not comply with the directive to provide updated information of their companies/firms by July 31, 2017. According to a circular from SEC, “any firm whose response is not received within this time ...

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Global Running Day: Westin Hotels & Resorts Commends Early Rising Runners

DUBAI, (Sundiata Post) – In celebration of Global Running Day, Westin Hotels & Resorts (www.Westin.com), part of Marriott International, Inc. (NASDAQ: MAR) (www.Marriott.com), today announced an addition to the brand’s game-changing Gear Lending program, which offers guests access to New Balance® shoes and workout apparel during their stay for only $5.00 USD or the local currency equivalent. For the month ...

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CBN Targets Rates Convergence, As Naira Firms Further

By Nse Anthony-Uko, ABUJA, (Sundiata Post) – Having firmed to N372 to the dollar at the weekend, the Naira is set to strengthen further this week ahead of dollar sales by the Central Bank of Nigeria (CBN). Traders say the further injection of dollars by the apex bank is an attempt to ensure the convergence of rates. Presently, the firming ...

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Lowering Interest Rate Will Worsen Inflation – CBN

ABUJA, (Sundiata Post) – The Central Bank of Nigeria (CBN) says it will not succumb to pressure to reduce interest rate as being clamoured for in some quarters as doing so would worsen inflation. A top official at the Apex Bank who spoke on condition of anonymity at the weekend, insists that reducing the interest rate would further erode the ...

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Global Economy To Post Solid Growth, Risks Remain – World Bank

The global economy is set to post solid growth this year, amid improving world trade and better performance by large emerging markets, but key risks could still threaten the outlook, the World Bank said Sunday. Rising trade protectionism and policy uncertainty, primarily in the United States under President Donald Trump, pose important cautions for the outlook. For the first time ...

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Egypt's Foreign Reserves Rise To $31.126 bln At end-May

CAIRO  – Egypt’s foreign reserves jumped to $31.126 billion at the end of May from $28.641 billion at the end of April, boosted by last month’s Eurobond sale, the central bank said on Sunday. Egypt, which has been struggling to revive its economy since a 2011 uprising, sold $3 billion of Eurobonds in May, twice as much as targeted. That ...

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Israel To Power ECOWAS Countries With Solar, Commits $1bn Investment

Signs $20m For Liberia’s First Solar Field By Nse Anthony-Uko MONROVIA, (Sundiata Post) —  The State of Israel and ECOWAS, on Friday  signed a Memorandum of Understanding (MOU) for Israel’s leading solar developer to invest $1 billion over the next four years to advance green energy power projects across the 15 member states of the West African economic community. Under ...

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Facebook, Apple, Globacom Others Endorse Proposed Nigeria ICT University 

ABUJA, (Sundiata Post) — Key international and local ICT firms including Facebook, Apple, Samsung, Cisco, Ericsson, MTN, Globacom and others have endorsed the proposed ICT University and also declared interest to to support the project. The Federal government on Thursday inaugurated the  Implementation Committee for Nigerian Information Communication Technology (ICT) University. The ICT University is a specialised type that will ...

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$450m Investment: Dangote Targets 50,000 New Jobs In Niger State

ABUJA, (Sundiata Post) – At least 50,000 jobs would be created when the ongoing investments by Africa’s industrial giant, Dangote Group, in Niger State kicks off. The Dangote Group is investing heavily in rice and sugar production in the State, the conglomerate’s Executive Director in charge of Stakeholders Management and Corporate Communications Mansur Ahmed said at the Dangote Special Day ...

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