Tag Archives: urges

Zambia urges South African firms to invest in public projects



The South African government and banks have drafted a plan to support infrastructure projects in Zambia with an initial pledge of $1.2 billion.


FILE: Zambia’s Finance Minister Margaret Mwanakatwe. Picture: Facebook.com

LUSAKA – Zambia’s finance minister urged South African firms to invest in roads and power plants in Africa’s No.2 copper producer after it suspended borrowing indefinitely, slowing down the accumulation of new debt amid worries about the risk of distress.

The International Monetary Fund (IMF) rejected Zambia’s borrowing plans in February, saying…

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Ramaphosa urges S/African firms to employ youth to improve economy


Published on
17.06.2018 at 12h21
by
APA News

South African President Cyril Ramaphosa on Saturday urged companies here to go out of their way to employ young graduates as a way of growing the country’s economy.Addressing his first Youth Day commemoration since taking over as head of state in February, Ramaphosa said the employment of young graduates would not place a great burden on individual companies.

“On this Youth Day, we call on all companies – both in the public and private sector – to make a deliberate effort to seek out unemployed graduates and employ them,” Ramaphosa said.

He said this would significantly reduce youth unemployment, “while bringing much needed skills and capacity into the…

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Osinbajo urges African economies to look beyond oil revenue – Punch Newspapers


Vice President Yemi Osinbajo has called on African countries to look diversify their economies and look beyond oil-based revenue for future prosperity.

Osinbajo stated this in Abuja on Monday while declaring open the Extraordinary Session of the Council of Ministers of African Petroleum Producers Organisation.

According to the vice president, while oil and gas have continued to remain the mainstay of African economies, there is the need for the re-investment of oil revenues through diversification to prevent economic crises resulting from over-dependence on the product

“The lesson here is that, while oil and gas will continue to be critical to our revenue bases and our national economies, we must also redouble our efforts to achieve the following:

“One, to diversify our economies away…

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Osinbajo urges African countries to look beyond oil


Vice President Yemi Osinbajo has called on African countries to diversify their economies and look beyond oil-based revenue for future prosperity.

Mr Osinbajo stated this in Abuja on Monday while declaring open the Extraordinary Session of the Council of Ministers of African Petroleum Producers Organisation (APPO).

According to the vice president, while oil and gas have continued to remain the mainstay of African economies, there is the need for the re-investment of oil revenues through diversification to prevent economic crises resulting from over-dependence on the product.

”We must also redouble our efforts to achieve the following: One, to diversify our economies away from the dangerous overdependence.

“And two, to ensure that we invest as much as is possible of…

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Coast Guard urges hurricane season preparedness • Caribbean Life


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The United States Coast Guard is reminding the Caribbean to prepare for the 2018 hurricane season.

The Atlantic hurricane season runs from June 1 to Nov. 30, with the peak occurring between mid-August and late October, the US Coast Guard said.

The US National Oceanic and Atmospheric Administra­tion’s Climate Prediction Center is forecasting a 75 percent chance the 2018 Atlantic hurricane season will be “near or above normal.”

But, even with this prediction, the US Coast Guard warned the public to always be “prepared for the unexpected, making sure they are ready for the hurricane season.

“It’s vitally important to have a hurricane preparedness plan set in place for you and your family,” said Capt. Shawn Koch,…

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Obasanjo urges African countries to realise power of intra-trade



Earlier this year, over 40 African states signed the Africa continental free trade area agreement, which is expected to promote trade on the continent

CAIRO – Former Nigerian President Olusegun Obasanjo says Africans are waking up to economic opportunities and the intra-African trade fair is a start to regaining the continents economic power

Obasanjo, who is also chairing the trade fair, was speaking in Egypt on Thursday.

Earlier this year, over 40 African states signed the Africa continental free trade area agreement which is expected to promote trade on the continent.

Obasanjo says the effects of colonialism can still be seen in the way African countries…

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