May 2016

NNPC’s latest report reveals Nigeria lost N13 billion in oil revenue in one month

In its Monthly Financial and Operations Report for March 2016, the Nigerian National Petroleum Corporation gives a breakdown of the losses Nigeria incurred in month as a result of pipeline vandalism and oil theft.

The post NNPC’s latest report reveals Nigeria lost N13 billion in oil revenue in one month appeared first on Ventures Africa.

Evictions to Go on as City Authorities Clamp Down on Rent Defaulters

By LILLIAN MUTAVI

The Nairobi City County government will continue with the eviction of tenants living in its houses and who have not been paying rent in a bid to recover Sh60 million arrears.

The operation, which started last week and which is targeting 21 estates owned by the county government, will see the tenants of 9,307 units forced out of their homes every Tuesday and Thursday.

Last week the evictions saw four families rendered homeless and their household items impounded by the county enforcement agents.

READ MORE: http://www.nation.co.ke/counties/nairobi/City-evictions-rent-arrears/-/1...

Water Crisis Threatens 400 000 People Linked to Construction

By Chamwe Kaira

UP to 400 000 dependants may be affected in an event that major construction projects around Windhoek are halted as a result of the water crisis due to the drought.

The Construction Industry Federation has estimated that the water crisis may cost 40 000 jobs.

Bärbel Kirchner, consulting general manager of the CIF told The Namibian that it is most important that the government must be 100% focused on establishing additional water sources immediately.

READ MORE: http://www.namibian.com.na/Water-crisis-threatens-400-000-people-linked-...

How Rwanda Can Solve Affordable Housing Challenge

By: Francis Byaruhanga

The Kigali city authority last week said providing affordable housing is one of the key priorities now. City of Kigali mayor Monique Mukaruliza said the authority is seeking ways to avail affordable housing to city residents.

“That is our prime focus,” she said on Wednesday on the sidelines of the 7th edition of the World Bank Metropolitan Strategic Planning Laboratory at the City Hall.

A study by the City of Kigali, the Ministry of Infrastructure, and the European Union (EU) indicated that Kigali could face a housing deficit of 344,000 homes in 2020. Between 800-1,000 housing units hit the market annually, with supply skewed towards high-income earners, leaving the majority of city dwellers without decent homes.

READ MORE: http://www.newtimes.co.rw/section/article/2016-05-31/200338/

Evans Rusike hints at Kaizer Chiefs move

Evans Rusike of Maritzburg United celebrates his goal during the Absa Premiership match between University of Pretoria and Maritzburg United at the Tuks Stadium in Pretoria, South Africa on November 08, 2015 ©Samuel Shivambu/BackpagePix

Evans Rusike of Maritzburg United celebrates his goal during the Absa Premiership match between University of Pretoria and Maritzburg United at the Tuks Stadium in Pretoria, South Africa on November 08, 2015 ©Samuel Shivambu/BackpagePix

IN -demand Martzburg United striker Evans Rusike says he would love to play alongside Willard Katsande at Kaizer Chiefs.

The Zimbabwean is hot property at the moment, having scored the two goals against Jomo Cosmos that kept the Team of Choice in the top-flight.

Maritzburg chairman Farook Kadodia has already indicated that a few clubs are chasing Rusike, and the player himself admits saying he is ready to move on.

”I’m always and forever ready,” he says. added “Katsande is my national team captain and I would love to play with him. I’m happy at Maritzburg and whatever comes will come, but I’m happy here.”

International Hotel Group eyes listing on JSE’s main board

International Hotel Group (IHL)‚ which recently released its half-year financial results, plans to move from the AltX to the JSE’s main board.

Standard Chartered and USAID sign one of the biggest Power Africa partnerships to boost Zambia’s electricity grid

Standard Chartered Bank, in partnership with the US government, through the United States Agency for International Development (USAID), has signed a deal to deliver a term loan of about $60 million to Zambia’s Electricity Supply...

The post Standard Chartered and USAID sign one of the biggest Power Africa partnerships to boost Zambia’s electricity grid appeared first on Ventures Africa.

Water Skiing six-month-old baby breaks world record

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She may be six months old and unable to walk yet, but Zyla St Onge was a natural when she took to the water in Florida.

A six-month-old girl has made a splash by breaking the record for the world’s youngest water skier.

Zyla St Onge managed to glide 686ft (209m) on her own across a manmade lake in Florida, with adults treading water along her journey.

Although she can’t even walk yet, the 30-inch baby appeared to be a natural as she stood on junior-size water skis and gripped a handle bar.

The fact her parents are professional water skiers may have given her a slight advantage.

Her father Kevin believes Zyla could have travelled even further if the boat hadn’t reached the end of the lake.

According to the World Barefoot Center, the record for the youngest water skier has been held for decades by Parks Bonifay, who successfully took to the water aged six months and 29 days.

Zyla, who was six months and 27 days old when she made her attempt, managed to beat this record by a mere 48 hours. –SkyNews.com

Bankers confess to greed at Catholic business meeting

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Barclays Bank Zimbabwe managing director, George Guvamatanga

ZIMBABWE’S bankers, long criticised for the high bank charges often cited as obstacles to promoting savings and use of plastic money, on Tuesday confessed to overcharging their customers.

The confession, appropriately came at a funding raising business meeting hosted by the Roman Catholic Church.

The controversial bond notes, externalisation and cash shortages were among the topical issues the meeting discussed, but it came as a surprise to most guests when top bankers, in a rare public admission, chastised each other while admitting that current bank charges were against efforts to promote financial inclusion.

Zimbabwe’s banking institutions make the bulk of their profits from bank charges when ordinarily, they are supposed to be making money from interest income, which is their core business. Lending has declined as the economy stalled and defaults rose.

The Reserve Bank of Zimbabwe (RBZ) has had to intervene and force the banks to reduce charges and interest rates on loans.

Multi-currency system dead, says RBZ as US dollar demand spikes

John-Mangudya

Central bank governor John Mangudya

RESERVE Bank of Zimbabwe (RBZ) on Tuesday conceded that the multi-currency system adopted in 2009 was effectively dysfunctional with the economy trading solely on the United States dollar, which has resulted in spiking cash demand, fuelling shortages.

Early this month, the central bank announced the introduction of bond notes as part of a raft of measures to promote exports and ease cash shortages.

But the notes, which central bank governor John Mangudya said will come into circulation in October, are viewed by a sceptical public as a backdoor return of the hated local currency.

Long, winding bank queues and revised bank withdrawal limits, once a feature in the hyper-inflation era of 2008, have returned to haunt Zimbabweans as cash shortages bite.

Zimbabwe six years ago dumped its inflation ravaged local currency, adopting a basket of foreign currencies expanded over time to nine, among them the US dollar, South African Rand, Botswana Pula, Japanese yen, and the Chinese yuan.

But central bank governor Dr John Mangudya said the multi-currency system, as it was envisaged, only worked for a short while.

University Landscapes Teach, Too

University of Virginia campus / Perfect Soccer Recruit

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New Horizons for South Africa's Urban Spaces

Pretoria – South Africa’s grand plan to change the face of urban development is set to create vibrant spaces that are geared towards inclusive living and growth in the country’s towns and cities.

South Africa recently adopted the Integrated Urban Development Framework (IUDF), which was approved by Cabinet on 26 April and announced by President Jacob Zuma on Freedom Day, 27 April 2016.

On Tuesday, the Deputy Minister of Cooperative Governance and Traditional Affairs, Andries Nel, said the IUDF will steer urban growth towards a sustainable model of “compact, connected and coordinated towns and cities”.

“The IUDF marks a new deal for South African cities and towns. It provides a roadmap to implement the National Development Plan (NDP) vision for spatial transformation – creating liveable, inclusive and resilient towns and cities, while reversing the apartheid spatial legacy,” he said.

The Deputy Minister was speaking at the 2nd African Capital Cities Sustainability Forum (ACCSF) at the Council for Scientific and Industrial Research (CSIR) International Convention Centre in Pretoria.

The forum is an annual gathering that affords capital cities in Africa the opportunity to work together and learn from each other in developing and implementing innovative solutions for creating sustainable African cities.

Deputy Minister Nel used the occasion to shed more light on IUDF and its role in achieving Sustainable Development Goal 11 of creating cities that are liveable, safe and resilient.

The Deputy Minister said the IUDF addresses issues such as densification, the delivery of basic services, infrastructure development and rural-urban linkages. Through the plan, government aims to promote urban resilience, create safe urban spaces and ensure that the needs of the most vulnerable groups are addressed.

Econet Zimbabwe’s broadband growth slows, highlights need for service innovation

By Nigel Gambanga

When compared to other service lines broadband growth is critical right now. Voice and SMS are slowly being written off and broadband is one of the service lines that has been eyed as the future revenue driver. Its slowdown raises some concerns about Econet’s future growth especially as voice revenue continues to recede.

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Hissène Habré’s trial shows that Africa can handle its business.

“Hissène Habré, this court finds you guilty of crimes against humanity, rape, forced slavery and kidnapping.

The post Hissène Habré’s trial shows that Africa can handle its business. appeared first on Ventures Africa.

Millennials Need to Rally Together on Housing Affordability

Photo: Jen St.DenisAcross Vancouver, young people are breaking up with Vancouver. Whether it is by writing “Dear John” letters on personal blogs or ranting in the comments section of Vancity Buzz, some are abandoning the city for more affordable pastures. 

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Why Egypt’s reference to sub-Saharan Africa as “dogs and slaves” is not a surprise

In a memo titled Egypt’s Misconduct During The Second Session Of The United Nations Environmental Assembly, Egypt is asked to apologise to other African countries for calling them “dogs and slaves” during the recently held...

The post Why Egypt’s reference to sub-Saharan Africa as “dogs and slaves” is not a surprise appeared first on Ventures Africa.

Econet Zimbabwe profits down by 42% to $40 million as operator faces challenges in environment

By Nigel Gambanga

Local mobile operator Econet Wireless is currently holding its analysts’ briefing where it has released the figures for the 2015 to 2016 financial year. Though the full briefing is yet to be released some of the highlights have been shared by analysts on Twitter and they indicate a pattern similar to the previous year’s performance […]

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Here’s what the Indian government is proposing to tackle the country’s growing violence against Africans

Following the recent attacks on different African people in India, the country’s president, Pranab Mukherjee, has expressed concerns that the relationship between India and Africa is being threatened.

The post Here’s what the Indian government is proposing to tackle the country’s growing violence against Africans appeared first on Ventures Africa.

Nigerian parly embraces ICT with electronic voting, Zimbabwe still lags behind

By Dominic Mhiripiri

The House of Assembly in Nigeria will this week officially adopt electronic voting, according to reports coming out of the West African country. The move towards an e-parliament, as it is being called, will be supported by internet and intranet access and comes after months of lobbying from various stakeholders. Electronic voting, in which records on all the voting that […]

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Standard Chartered Bank seeks to grow in Africa at a time when other European banks are retreating

According to reports, Standard Chartered Bank (StanChart) is set to launch its mobile and online banking platform across eight African countries as it seeks to expand in Africa.

The post Standard Chartered Bank seeks to grow in Africa at a time when other European banks are retreating appeared first on Ventures Africa.

IPOB/security personnel faceoff in Onitsha: Are Nigerian law enforcement agencies yet to understand basic civil rights?

Yesterday, what was meant to be a peaceful remembrance ceremony for the late Biafran leader, Odumegwu Ojukwu, and his May 30 declaration of 1967, according to the Indigenous People of Biafra (IPOB) in Onitsha, Anambra State, became...

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MTN launches TV service as telecoms operators explore converged service opportunities

By Nigel Gambanga

The investment case for converged services has been explored by different operators across Africa as the case for revenue diversification in telecommunications becomes increasingly compelling.

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Zimbabwe to launch Trade Information Portal

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Head of the European Union Delegation to Zimbabwe, Ambassador Philippe Van Damme.

 

THE country’s first Trade Information Portal (TIP) will be officially launched on June 9 by the Minister of Industry and Commerce, Mike Bimha and the Head of the European Union Delegation to Zimbabwe, Ambassador Philippe Van Damme.

The Portal was developed under the EU-funded Trade and Private Sector Development Programme (TPSDP), which is being implemented by the International Trade Centre (ITC), Geneva.

The TIP is an on-line platform which provides a comprehensive, single-point access of up-to-date trade, investment, economic and regulatory information. It offers access to market intelligence, current trade news as well information on trade regulations, duties, taxes and other services that facilitate trade. In addition, it has market profiles of selected countries, priority manufacturing sub-sector briefs, Government policies/regulations on international trade and Zimbabwe’s trade agreements.

Online tools, such as the ZimTrade Virtual Library, the Zimbabwe-European Union Business Information Centre (Zim-EBIC) and the International Trade Centre’s Market Analysis Tools are also available.

ZimSwitch raises ZIPIT send limit to $10K, records explosive growth

By Dominic Mhiripiri

ZIPIT, the money-transfer service from Zimswitch has been recording explosive growth over the past month and a half as customers seek speed and convenience amid the cash crisis, Techzim can reveal. Until recently, ZIPIT recorded transactions that were only in the region of 1,500 to 3,000. However, for the month of May alone, ZIPIT transactions are projected to […]

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JOBS : Debtors Clerk – Finance(Temporary) SACAP

 
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The South African Council for the Architectural Profession (SACAP) is a regulatory body for the Architectural Profession.  SACAP's primary role is to protect the public by maintaining a register of Architectural Professionals, within the profession through a Code of Professional Conduct, the identification of work that may be performed by registered persons and publishing guidelines for professional fees.

Position: Debtors Clerk – Finance(Temporary)

This is a deadline driven role and would require a person with good work ethic and analytical thinking skills that works well independently.  This position is for someone who has a strong personality and can work well under pressure.

 Role description

The main responsibilities will be the following: 

·         Oversee the accounting records of Registered Persons.

·         Invoicing and Collection of Revenue.

·         Allocation of unapplied and unidentified receipts.

·         Management of the records for the RP’s.

Tongaat Hullet Zimbabwe operations report 7% decline in production

sugar-cane-plantation

The group attributed the performance to poor growing conditions as a result of low rainfall and restricted irrigation levels

TONGAAT Hullet Zimbabwe operations recorded a 21% decline in revenue in the year to March but when adjusted for stock movements the topline dropped 8.04% to $263 million. According to Tongaat Hullet’s group results, Zimbabwe production was down 7.42% to 412 000t from 445 000t last year.

The group attributed the performance to poor growing conditions as a result of low rainfall and restricted irrigation levels and to a lesser extent electricity unavailability. In addition, export volumes were lower after a drop in the international sugar prices.

“There were both lower export sales volumes and lower export prices. Domestic market sales volume levels have been maintained,” said the group in its results statement. However, the trend on global prices is expected to improve.

Khama Billiat scores hatrick at PSL Awards

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Khama Billiat picked up three awards on the night: the Absa Premiership Midfielder, Players’ Player and Footballer of the Season.

Mamelodi Sundowns’ Khama Billiat, was the big winner at the Premier Soccer League awards evening on Monday.

Billiat picked up three honours on Monday evening, as he was named Player of the Season, Players’ Player of the Season and the Best Midfielder of the Season.

The Zimbabwean enjoyed a fine 2015-2016 campaign for the Brazilians, as he netted 12 league goals on the way to winning the Absa Premiership title and the Telkom Knockout.

Billiat was not the only member of the Sundowns contingent to walk away with an award on the night, as Thabo Nthethe was named Telkom Knockout Player of the Tournament and best Defender of the Season, while Pitso Mosimane picked up the Coach of the Year award.

The late Cecil Lolo, who passed away in October 2015, was also honoured at the ceremony, as he was named MTN8 Player of the Tournament.

Full list of awards:

Footballer of the Season: Khama Billiat (R250 000)

Players’ Player of the Season: Khama Billiat (R150 00)

The dam issue settles down to balance

The dam issue settles down to balance
© Javier Tuana – [[http://www.123rf.com/ 123RF.com]]</span>A poser is facing political leaders, engineers and social planners: should developing countries meet their energy needs by building one or two really big dams, or a network of a few hundred smaller ones?
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What might Jane Jacobs say about smart cities?

What might Jane Jacobs say about smart cities?This May, urbanists around the world have been celebrating the 100th anniversary of the birth of Jane Jacobs. The American-Canadian author and activist's spirited defence of inner-city neighbourhoods inspired a generation of urban activists and place-makers. So what might Jacobs have to teach a new generation of urbanists and planners?
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