By Cameroon correspondent: The men surrendered all passengers on board the bus, hijacked the steering wheel and drove into a far off bush, then searching passengers and leaving them stranded before making away with booties. Some 63 passengers and a driver were in the early hours of today, June 2, assaulted and ransacked and the transport bus in which they were travelling hijacked. Just like the rest of the passengers, the suspected hijackers, eight in total, boarded the Menoua Voyage bus matriculated Lt 621 BO in the night of (yesterday) June 1 at Bepanda Ntone in Douala for Dschang,... Continue Reading
Ghana faces imminent disaster if nothing is done to curb rapid deforestation and degradation of the environment. The country loses 70 thousand hectares of its forest cover annually due to bad farming practices, bush fires, logging and mining, among others. Forestry officials say with the current trend, more than half of the country could be exposed to flooding, drought and famine. Ashanti Regional Deputy Manager of the Forestry Commission, James Ware, was speaking at the launch in Kumasi of MTN’s annual community service initiative, known as the ‘21 days of yellow care’. The United Nations Food and Agriculture Organization estimates more than... Continue Reading
By Gambian Correspondent – The Gambian economy continues to perform well, coming off another strong year for agriculture, particularly in rice and groundnut production, but the country’s heavy debt burden remains a concern, the International Monetary Fund said yesterday. This announcement comes in the wake of the just-concluded IMF mission to The Gambia to initiate negotiations on a policy framework that could be supported by a new three-year agreement under the IMF’s Extended Credit Facility (ECF). In a statement issued by David Dunn, IMF mission chief for The Gambia, the IMF said tourism remains depressed, owing to the lingering effects... Continue Reading
By Correspondent Chinyere Ogbonna – The Senate has blamed security agencies for lack of intelligence that would have prevented the increasing rate of bombing incidences across the country. Senate President, Senator David Mark says the manner in which the bombs are being detonated makes obvious that it is done by professionals that can be detected if the security agencies are alert to their duty. Senator Mark expressed worry on the implications of the various bomb explosions on the nation’s economy and image to the international communities. A day after the inauguration of President Goodluck Jonathan and 26 state governors across... Continue Reading
“Development in Africa is not dependent on the quality and drive of its governments. Neither on aid projects, nor on the work of volunteers from the west. The future and the well-being of this continent depends largely on the power of its own, local entrepreneurs”, says Professor Walter Baets, Director of the UCT Graduate School of Business in Cape Town, South Africa. Professor Walter Baets (of Belgian nationality) is heading one of the leading business schools of Africa, finishing 60th in the latest Financial Times Global MBA Top 100 Ranking. He is a firm believer in the power of entrepreneurship... Continue Reading
