The suit before the International Centre for Settlement of Investment Disputes (ICSID) is a setback to Rwanda’s mining sector, which has lately gone through a series of reforms aimed at attracting large-scale investors and increasing revenues from mineral exports.
Mugyenyi who also doubles as the manager of the environment and democracy programme at ACODE told The Independent that genuine investors do not like places where there are no clear mechanisms in doing business.
CAPE TOWN (Reuters) - Guinea stands by its requirement that output from the long-delayed Simandou iron ore project must be exported from a Guinean port, despite the collapse of a deal aimed at jump-starting development, its mines minister said on ...
The Government of Uganda has from the onset been positive towards the adoption of the EITI standard of ensuring transparency and accountability in the extractives sector and especially in as far as the novel oil industry is concerned.
They cautioned that insider trading is bad news for growth of the debt market that is still going through a crisis of confidence after Chase and Imperial banks collapsed with bond holders’ funds.
“The new administration here, led by a man who understands the global economy very well, certainly has an extremely difficult task ahead to ensure that South Africans who suffered untold misery under apartheid don’t run out of patience with the el...
Last Friday, Kadaga, in a speech before MPs at a three-day conference on the oil and gas sector at Serena Lake Victoria resort, revealed titbits about her talks with Museveni.
But a commission appointed by the State Minister for Investment, Ms Evelyn Anite, to look into the Chinese operations recommended the cancellation of the contract, saying the investor had caused financial loss to government.
However, amid the opportunities, the sector faces a number of challenges including weak infrastructure, high ticket prices, poor connectivity and lack of liberalisation.
Sprawling teak forests, planted nearly a century ago to supply lumber and government income, are fast disappearing in South Sudan as timber companies take advantage of the country’s chaos to extract large amounts of wood, environmentalists say.
In ranking Tanzania third in the region, the report cites government tax breaks, development of special economic zones, investment in public infrastructure and growth in the services sector as incentives for foreign investors.
The statement given by Amaechi at the International World Maritime Day event soon faced strong resentment from a long list of organizations and a wave of opposition that reached the door of the House of Representatives.
Because Venezuela's currency, the bolivar, is worth less every hour someone holds it, the state pays a premium over international prices to make it worthwhile for those who could smuggle gold out of the country to exchange for dollars.
CAPE TOWN – South Africa's government faces a tough balancing act as it tries to attract foreign investors into the key mining sector while also pledging to seize land without paying compensation.
Marilyn Amobi, the Managing Director of the Nigeria Bulk Electricity trading Plc (NBET), fraudulently paid at least N2 billion naira to two power generating companies, documents obtained by Leaks NG have shown.
She stressed that the role of the EITI in Uganda, like in other implementing countries, is to collect data from government and companies on their performance in the extractive sector so that citizens can understand how their resources are being al...
Previously, when his wife unexpectedly needed money, John either had to make the long journey home by bus, or he had to find someone trustworthy who happened to be traveling in that direction to deliver the funds to her on his behalf.
Tanzania ranks third in the region, the report cites government tax breaks, development of special economic zones, investment in public infrastructure and growth in the services sector as incentives for foreign investors.
“The company is applying to be liquidated because of its indebtedness and inability to meet its financial obligations to creditors, suppliers, employees and the liabilities far outweigh the assets both fixed and movable,” says Ukwala director Vija...
Shedding light on peer influence of farmers against insurance inclusion based on the perceived reputation of the industry players, he added, “They say it is better to keep a percentage of our income to fight any crisis, or if we have an asset, it ...
The Lagos State Governor, Mr Akinwunmi Ambode, had at the groundbreaking of the city, said it was conceived to provide housing schemes to a broad spectrum of income earners, industrial workspaces, warehouses, hospitality and commercial office faci...