A political pressure group in Rivers State, Grassroots Development Initiative (GDI), has said it would use every means to ensure that Governor Chibuike Amaechi did not succeed in accessing the $280 million loan from World Bank and African Development Bank (AfDB). The GDI, a political pressure group loyal to Minister of State for Education, Chief Nyesom Wike, said Amaechi had not given account to the people of the state on how he spent other loans he secured on behalf of the state.
Updated 5 Years ago

The plan to create a leading Sub Saharan Africa building materials platform got a boost yesterday as shareholders of Lafarge Cement WAPCO Nigeria Plc (Lafarge WAPCO) overwhelmingly approved the creation of Lafarge Africa Plc. The holding company to be listed on the Nigerian Stock Exchange (NSE) will consolidate all Lafarge’s Nigerian and South African assets. Directors of the Lafarge WAPCO has requested the shareholders of the company to approve the consolidation of the assets and creation of Lafarge Africa among other resolutions.
Updated 5 Years ago

Not every customer is ideal. Some are so bad, they can make us wonder why we decided to start our business. Let’s face it -- sometimes there are good reasons to fire a customer. When a relationship becomes badly damaged, it can be the best for all concerned. However, deciding not to serve a customer is a very serious decision that should not be taken lightly. We suggest four steps to take before you make this move.
Updated 5 Years ago

Statistics say the average internet user gives a web page around five seconds to open before ditching it. You are a web user first-of-all, too. How tolerant are you of web pages that seem to take delight in holding back the content and revealing it almost pixel by pixel? You move on, and that’s fair. Here are seven tips that will ensure a fast-loading website and a pleasant browsing experience for your visitors.
Updated 5 Years ago

With its announced deal to purchase 3,100 telecom towers from Bharti Airtel, Helios Towers Africa is set to become the largest independent tower company in Africa the continent with a portfolio of 7,800 towers. Jointly owned by Helios Investment Partners, Quantum Strategic Partners, Albright Capital Management, RIT Capital Partners and the International Finance Corporation, HTA has been steadily increasing its acquisition of telecom towers in Africa.
Updated 5 Years ago

Centamin, Egypt’s largest gold producer, late on Wednesday said its Sukari mine had posted a 13 percent plunge in production in the second quarter of this year. Overall gold production at Sukari, which is situated in the troubled country’s eastern arid region, posted 81,281 ounces during the period under review, less than the previous comparable period.
Updated 5 Years ago

Emirates has received its 50th A380 aircraft, which is due to enter service early August. As the largest operator of the double-decker aircraft and B777s, the latest delivery swells the airline’s widebody fleet to 224 aircraft, and 90 more A380s on the airline’s order books. Sir Tim Clark, President of Emirates Airline, said its A380s have generated strong customer interest and high seat factors “wherever we’ve deployed the aircraft” and they currently fly to 27 airports.
Updated 5 Years ago

BEIJING - China's radio, film and television industries reported revenues totaling 373.5 billion yuan ($60.1 billion) in 2013, according to an official report released Wednesday. Advertising revenues of the television and radio industries amounted to 138.7 billion yuan, up 9.19 percent from the previous year, according to an annual report issued by the State General Administration of Press, Publication, Radio, Film and Television.
Updated 5 Years ago

Chinese consumers spent more money on catering, entertainment and tourism in June, prompting a rise of 0.56 percentage point on Bankcard Consumption Confidence Index over the previous month, according to statistics released by China UnionPay and Xinhua News Agency on Wednesday. World Cup tournament has boosted the consumption of non-daily activities, such as eating out at high-end restaurants and recreation, the main contributors that helped lift the index, a quota that calculates the proportion of non-daily necessities among overall consumption.
Updated 5 Years ago

China will further its opening-up and reform policies to provide more opportunities for multinational companies, Premier Li Keqiang told visiting corporate executives of some Fortune Global 500 companies in Beijing on Wednesday. Executives of Volkswagen, IBM, Siemens, Nokia and Standard Chartered Bank, among others, shared their ideas and proposals with Li during their meeting on China's economic growth, innovation, financial cooperation, environmental protection and reforms.
Updated 5 Years ago