Tag Archives: Chief executive officer

Somalis have to blame only themselves for creating their own dictators

By Ismail Haji Warsame When the Military Junta led by General Siyad Barre overthrew the civilian government of Somalia in October 1969, the General was so timid that he could not inform the nation of the coup d’état that had … read more »

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Ethiopia: With the death of Meles Zenawi, the power of Adwa elite is buried for good

Meles Zenawi, Ethiopia‘s prime minister for 17 years from 1995-2012 has taken the short lived power held by him and by his comrades from Adwa for good to the grave when he died in August of 2012.Currently no Adwa Tigrian … read more »

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New smartphones destined for Nigeria

Huawei Mobile, a global Information Communications Technology firm, has disclosed its plan of introducing six new smartphones to the Nigerian market. H uawei’s Ascend D quad smartphone (image: Huawei) This statement was made yesterday by the Managing Director, Huawei Mobile … read more »

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Saraki: I’ve no link with Joy Petroleum

Senator Bukola Saraki last night reacted to the arrest of former Managing Director of Intercontinental Bank, Mr. Mamoud Alabi over allegations of fraud. Saraki, in a statement by his media aide Akintoba Fatigun, said he had no link with Joy … read more »

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Applications invited for United Nations journalism fellowships

The Dag Hammarskjöld Fund for Journalists is now accepting applications from professional journalists from developing countries for its 2012 fellowship program. The application deadline is Wednesday, March 30, 2012. The fellowships are available to radio, television, print and web journalists, … read more »

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IMF Completes the Fourth Review and Financing Assurances Review under the Extended Arrangement for Seychelles

ICTORIA, Mahé, January 13, 2012/African Press Organization (APO)/ — The Executive Board of the International Monetary Fund (IMF) has completed the fourth program review and financing assurances review under Seychelles’ program supported by a three-year extended arrangement under the Extended … read more »

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Notice of Appointment / Momar Nguer has been appointed Senior Vice President, Africa/Middle East at Total Supply & Marketing

PARIS, France, January 11, 2012/African Press Organization (APO)/ — On December 15, 2011, Momar Nguer was appointed Senior Vice President, Africa/Middle East at Total Supply & Marketing. He succeeded Alain Champeaux who left his operational responsibilities after a career of … read more »

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South Africa / IMF Managing Director Christine Lagarde to Visit South Africa

OHANNESBURG, South-Africa, December 20, 2011/African Press Organization (APO)/ — Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), will visit South Africa from January 5¬-7, 2012. Ms. Lagarde will meet with the Presidency, the key economic ministers, as … read more »

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IMF says Ghana can tap higher-cost loans

The International Monetary Fund on Wednesday agreed to disburse $91.55 million of Ghana’s three-year IMF loan and approved changes to loan conditions, enabling the West African oil producer to tap higher-cost financing for needed infrastructure improvements. The changes are a … read more »

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IMF Executive Board Completes Fifth Review Under ECF Arrangement for Ghana and Approves US$91.55 Million Disbursement

ACCRA, Ghana, December 15, 2011/African Press Organization (APO)/ — The Executive Board of the International Monetary Fund (IMF) today completed the fifth review of Ghana’s economic performance under the program supported by the Extended Credit Facility (ECF). The completion of … read more »

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IMF Executive Board Completes Seventh and Final Review under the Extended Credit Facility Arrangement for Mali and Approves US$ 9.3 Million Disbursement

BAMAKO, Mali, December 13, 2011/African Press Organization (APO)/ — The Executive Board of the International Monetary Fund (IMF) today completed the seventh and final review of Mali’s economic performance under the economic program supported by the Extended Credit Facility (ECF) … read more »

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Nigeria’s dull cabinet reflects compromise culture

Nigerian President Goodluck Jonathan’s largely uninspiring cabinet reflects a political compromise that will make the job of transforming Africa’s most populous nation much tougher for the core of reformers he has chosen. Jonathan has made a series of pledges since … read more »

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Nigeria gets new Cabinet 3 months after polls

Nigeria’s president has appointed most of the members of the new Cabinet. President Goodluck Jonathan told the newly appointed ministers at the presidential palace in the nation’s capital Thursday to be transparent and to bring “significant improvement to (the) economy.” … read more »

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Nigeria arrests top bankers again

Lagos – Top Nigerian ex-bankers charged as part of a wide-ranging clean up and bailout of the industry in one of Africa’s largest markets have been re-arrested on fresh charges, an official said on Wednesday. “We have in our custody … read more »

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Can Walmart and Coca-Cola make profits in Africa?

Is there money to be made in Africa? You bet. Just ask Walmart, which is offering more than $4 billion to buy a South African retail chain as its foothold into the fast-growing African market. And Coca-Cola has announced it … read more »

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World’s most powerful people

There are 6.8 billion people on the planet. These are the 68 who matter. We are fascinated by power. We stand in awe of those who apply it adroitly—and in fear of those who abuse it. We lust for power. Everyone … read more »

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Nigera: Akingbola Appeal court to admit more filings

The Court of Appeal, Lagos division, on Tuesday, granted leave to the former Chief Executive Officer of Intercontinental Bank Plc, Dr Erastus Akingbola, to file additional grounds of appeal challenging the jurisdiction of a Federal High Court in Lagos, presided … read more »

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Massmart may ditch Zimbabwe over black ownership

Massmart, the South African retailer Wal-Mart is in talks to acquire, said it could pull out of Zimbabwe if that country goes ahead with current plans to increase black ownership of foreign firms. “Should the indigenisation act be implemented in … read more »

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