Major International Business Headlines Brief::: 25 September 2023

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Major International Business Headlines Brief::: 25 September 2023 

 


 

 


 <https://www.nedbank.co.zw/> 

 


 

 


 

ü  Nigeria: Despite Warning, States Caught Unprepared for Flood

ü  Nigeria: Rumpus in Civil Service Over New Tenure System

ü  Liberia: Speaker Chambers Wants Chinese Facilitate Modernization of
Liberia's Transport Network

ü  Tanzania: First Energy Efficiency Action Plan Implementation At Final
Stages

ü  Nigeria: Poor Power Supply, Grid Collapse - Tasks Ahead of Nigeria's
Power Minister Adelabu

ü  Namibia: Geingob Advised to Reject Award From Cameroonian Oil Lawyer

ü  Tunisia: Cooperation Between Fipa, Aapi Under Review to Boost
Cross-Investments

ü  Mozambique: Bank Keeps Interest Rates Unchanged

ü  Mozambique: - Exxonmobil Remains Committed to Investing in Cabo Delgado

ü  Tanzania: Spain Expresses Interest in SGR Financing

ü  Tanzania: 276bn/ - to Transform Cities Infrastructure

ü  Namibia: Windhoek Short of Industrial Land

ü  Kenya to Examine Tax Reforms to Maximize Trade Deals With China

 


 

 


 <https://www.cloverleaf.co.zw/> Nigeria: Despite Warning, States Caught
Unprepared for Flood

Again, despite previous experience and warnings from the relevant
authorities, several states and local governments across the country have
been caught unprepared for the yearly devastating rains and floods.

 

Investigation by the LEADERSHIP showed that despite repeated warnings by
NiMET, most of the states of the federation this year suffered severe
setbacks as the rains and the consequential floods swept away residents,
houses and farmlands and public infrastructure such as bridges, which
collapsed, especially in Bauchi, Gombe, Katsina and Plateau states.

 

The collapse of bridges and caving in of some highways led to parts of these
states being cut off from the rest of the country.

 

 

Although most of the states were not forthcoming with the casualty level,
findings showed that four states recorded 15 deaths, with Katsina having the
highest (10) deaths, Kebbi (4), Plateau (3) and Lagos (1).

 

Officials of other states contacted by LEADERSHIP said they have the data in
place.

 

Over 33,000 persons in 10 states were affected by floods this year, says
NEMA.

 

Earlier in the year, the federal government had stated that about 178 local
government areas (LGAs) in 32 states of the federation, including the
Federal Capital Territory (FCT) were at risk of flooding from the early
rains from April as predicted by the Nigeria Hydrological Services.

 

The then minister of Water Resources, Engr. Suleiman Adamu, said this was
according to the presentation of the 2023 Annual Flood Outlook (AFO) by the
Nigeria Hydrological Services Agency (NIHSA).

 

According to him, the states with high flood risk were Adamawa, Abia,
Akwa-Ibom, Anambra, Bauchi, Bayelsa, Benue, Cross-River, Delta, Ebonyi,
Ekiti, Edo, Gombe, Imo.

 

Others were Jigawa, Kaduna, Kano, Kebbi, Kogi, Kwara, Lagos, Nasarawa,
Niger, Ogun, Ondo, Osun, Oyo, Rivers, Sokoto, Taraba, Yobe, Zamfara, and the
Federal Capital Territory.

 

According to him, "a total of 66 LGAs fall within the high flood risk areas
in the month of April, May and June; 148 LGAs in the month of July, August
and September, and 100 LGAs for the period of October and November."

 

Also, moderate effects of the flood risk would be experienced in the months
of April, May and June in 41 local government areas; 199 LGAs in July,
August and September, and 72 LGAs in the months of October and November
respectively.

 

 

Meanwhile, the National Emergency Management Agency (NEMA) said about 33,983
persons have been affected by the flooding in different parts of the country
as of August, 2023,.

 

NEMA's director of planning, research and forecasting, Fatima Kasim, said
the agency had been gathering data on persons impacted by the flooding
incidents in the last seven months.

 

Kasim said that flooding, which has become an annual occurrence in the
country, is mostly caused by factors such as improper building, poor
infrastructure design and construction, bad drainage systems, lack of solid
waste management, and harmful land-use practices, among others.

 

Kasim said the 2023 seasonal climate prediction released by the Nigerian
Meteorological Agency (NiMet) had predicted normal to above-normal rainfall
patterns for the country.

 

She added that "As of August 9, the following data has been collated in
respect of the 2023 flooding," she said.

 

"The number of states affected - 10 states; the number of persons affected -
33,983; the number of persons displaced - 7,353; the number of persons
injured - 75; the number of deaths - five; number of houses totally damaged
- 1,679, and farmlands totally damaged - 866 hectares."

 

Bauchi

 

In Bauchi, Katsina and Plateau states, 1, 420 houses were destroyed by the
floods, with Katsina topping with 876 houses, followed by Bauchi (400) and
Plateau (150).

 

Residents and officials disclosed to LEADERSHIP that 400 houses and 300
farmlands were destroyed in Cheledi, a community in the Kirfi local
government area of Bauchi State following heavy downpour in the area.

 

Victims of the disaster temporarily relocated to government buildings,
schools, and houses of relatives not affected by the flood.

 

The director of Planning, Research and Statistics of the agency, Mr Adamu
Nayola, who announced the incident, said: "More than 700 houses and
farmlands were destroyed in Cheledi Community, with rice, maize, sorghum,
millet, sesame seeds and cowpea destroyed.

 

He added that the affected houses and farmlands were destroyed when the
rivers in the area overflowed their banks after a downpour.

 

Nayola described the incident as the worst flooding incident to happen in
the state this year so far.

 

He said the Commissioners for Humanitarian Affairs, Housing and Environment
had visited the area to assess the degree of damage.

 

 

"They assessed the level of damage caused by the flood in all the affected
areas and provided necessary assistance to the victims," Nayola said.

 

A victim of this year's flood disaster at Babbaji village in Zaki Local
Government Area of Bauchi state, Jauri Datti, has appealed to the State
Emergency Management Agency (SEMA) to come to their aid to alleviate the
sufferings caused by the flood.

 

"There is the need for government officials to come and assess the extent of
damage caused by the flood in the area to know the type or quantum of
assistance the government would be able to provide us", Datti said.

 

According to him, this year's (2023) flood came at a time when people were
bedevilled by hardships brought about by the fuel subsidy removal which, he
said, had since June to date sent some poverty-stricken Nigerians to their
graves.

 

Another flood victim of Cheledi village in Kirfi Local Government of the
state, Shamwilu Auwal, recalled that the recent floods in some parts of the
LGA were so devastating that victims received sympathy visits from Kirfi LGA
authorities and the lawmaker representing the area in the State House of
Assembly.

 

He explained that unlike last year's flood in Cheledi which occurred at
night time when people were asleep during which some people were killed and
hundreds of animals killed and carried away by flood, this year flood came
at day time and people tried to curb the menace, hence incurring less damage
compared to last year.

 

He said however that this year's flood was more disastrous as it also
destroyed about 400 houses and washed away no fewer than 300 farmlands.

 

When LEADERSHIP contacted Adamu Nayola, the director of planning, research
and statistics of the State Emergency Management Agency (SEMA), over the
incident, he said he could not speak to the press until he got clearance
from the newly created Ministry of Humanitarian Affairs and Disaster
Management.

 

However, Zaki and Kirfi LGAs were not the only areas in the state affected
by floods this year, as the State Legislative Assembly recently debated
about some other areas of similar concerns where devastating heavy downpours
occurred.

 

According to a member representing Madara/Chinade constituency, Hon. Dr.
Nasiru Ahmed Ala, his area was affected by floods this year which generated
landslides and eventual destruction of major culverts that link Gangai
village with other parts of his constituency, cutting the area from the
provision of basic amenities of life

 

In another development, the director general of the Bauchi State
Environmental Protection Agency (BASEPA), Dr Ibrahim Kabir, said the Bauchi
State government had intervened in the Cheledi flooding of Kirfi local
government area of the state.

 

Kabir said Governor Bala Mohammed had formed a committee under the
leadership of the Commissioner, Ministry of Housing and Environment, Hon
Danlami Ahmed Kawule, and other members which include the Commissioner of
Humanitarian Affairs and Disaster Management, Hajiya Hajara Yakubu Wanka,
the DG of BASEPA and GM State Emergency Management Agency who had visited
the affected areas to ascertain the level of damage caused by flooding.

 

Benue

 

In Benue State, 473,000 persons are estimated to be affected by flood this
year.

 

The executive secretary of State Emergency Management Agency (SEMA, Sir
James Iorpuu, who stated this when he visited the paramount ruler of the Tiv
nation, explained that out of the projected number of 473,000, women and
girls constituted about 49. 7%, representing 235 081, while men and boys
constituted 237, 919.

 

"The SEMA boss informed the Begh u Tiv that the Governor Alia-led
administration had directed the agency to collaborate with relevant
stakeholders in the state to devise measures to mitigate the danger pose by
flooding.

 

"This year's flood was projected to affect 22 of the 23 local governments in
the state, with particularly those along the coastal lines in Makurdi, Guma,
Gwer West, Buruku, Agatu, Katsina Ala and parts of Gboko worse hit.

 

Katsina

 

In Katsina State, about 10 persons reportedly died in a flood disaster that
occurred this year.

 

Most of those killed were within the Sabuwa Unguwar community in the state
capital Katsina, the worst hit area in the July 10 flood caused by poor
drainages along the Kofar Kwaya and Kofar Kaura axis after the construction
of underpass in the areas

 

The executive secretary, of the State Emergency Management Agency (SEMA),
Binta Dangani, said the agency had assessed the level of damage caused by
flood in seven local government councils of Katsina - Daura, Dandume,
Batagarawa, Mani, Charanchi, and Musawa.

 

She said the agency disbursed building materials such as roofing sheets,
assorted bags of cement and mattresses to about 876 victims to rebuild their
homes, adding that the government had spent over N50 million to provide
succour to the victims, including hospital care to the people in various
areas.

 

The community leader of Sabuwa Ungwa, Yunusa Rico, who confirmed that 10
persons were killed in the flood, including an infant.

 

He praised the prompt response of the government to rectify the bridges and
for the assistance given to affected victims.

 

Plateau

 

In Plateau State, the Zonal Coordinator of NEMA, Eugene Nyenlong, confirmed
to our correspondent that three people lost their lives, while over 150
houses were destroyed after floods caused by downpour wreaked havoc in some
communities in Jos North Local Government of Plateau State.

 

Nyenlong said the affected areas devastated by flood include Ungwan Rogo,
Gangere, Rikkos, Bauchi road and Eto-Baba communities. According to him,
they have profiled those whose houses are washed away for recommendations to
government.

 

 

According to him, his agency received a distress call to confirm that three
persons had died in the flood adding that NEMA and other stakeholders have
visited the affected communities to assess the situation.

 

He pointed out that a tributary connects the communities and makes them
susceptible to flood, noting that apart from the tributary, the areas had
poor drainage systems.

 

Nyenlong said the state government should take action through Jos
Metropolitan Development Board (JMDB) to demolish any structures built on
water ways.

 

"From the information before us, three persons have lost their lives from
the flood that has become a recurring decimal in those areas."

 

The NEMA official further appealed to the state government to ensure
residents vacate flood-prone areas as a matter of urgency

 

Kebbi

 

When rainfall started in June this year, Kebbi state recorded two disasters
which occurred in Zauro town under Birnin Kebbi local government area of the
state, and at Dakingari, headquarters of Suru Local Government Area of the
state.

 

LEADERSHIP gathered that the two incidents occurred in August, where many
houses and farmlands were destroyed in Zauro as a result of heavy windstorm.

 

In Dakingari three people reportedly died following a heavy downpour that
lasted several hours.

 

Governor Nasir Idris had since condoled the family of the victims when he
visited the area and also donated Forty Million naira to the families of the
affected victims.

 

He also assisted the victims of windstorm in Zauro with relief materials
through the state office of emergency relief management agency.

 

Niger

 

In Niger State 15 local government areas have been devastated by flood so
far this year, with 206 communities involved.

 

The data made available to LEADERSHIP at the State Emergency Management
Agency (NSEMA) revealed that 15 communities were completely displaced.

 

Mostly affected were Mokwa, Lavun, Lapai , Edati, and Agaie.

 

The data indicated that apart from the rainfall, the excess discharge of
water from the Hydro power dams contributed to the level of devastation.

 

There are also no fewer than 15 IDP camps around the worst hit areas but
most of the flood victims from Kede areas of the state are taking refuge in
Kwara state.

 

Findings revealed that people from Muregi and Gbogifu are taking refuge in
Patigi, Kwara state, while people from Chewuya are staying in Gakpan in
Kwara state.

 

A villager Umar Mohammed who was displaced from Ebogi and now stay in
neighbouring Katcha local government area said: "We lost everything , our
farmlands and houses; we have no option than to relocate to Katcha where we
are staying with relations."

 

On why they are not staying in the IDP camp, he said: "Here we can try to
see how we can earn a living but in the camps, we are expected to hope for
help that may not come at the end".

 

Meanwhile, Niger state Emergency Management Agency (NSEMA) said the
profiling of the flood victims was ongoing and that 15of the 25 local
government areas were affected by flood so far.

 

Kogi

 

As the water level of the River Niger continues to increase as a result of
the increasing rainfall, residents of the flood affected communities in Kogi
state are beginning to relocate to safer places to escape the effects of the
forecasted flooding.

 

LEADERSHIP recalls that Kogi state was the epicentre of the 2022 flood with
several communities submerged, lives and houses destroyed, farmlands washed
in the unfortunate incidence.

 

A visit to Adankolo and Ganaja communities in Lokoja and Ajaokuta Local
government areas revealed that most houses along the river bank had been
abandoned following the flood prediction by NiMET and National Emergency
Management Agency.

 

While the victims of the 2022 flooding are still struggling to recover from
the trauma, they faulted government at all levels for neglecting the victims
and leaving them to their fate.

 

Daniel Favour, A resident of Adankolo explained that he did all he could to
raise money and secure accommodation in another area and he is already
trying to relocate his family.

 

He said, "I have rented another apartment and we are already moving our
things to the new house. Nobody came to see us after the flood and the
relief materials that were sent were diverted to other areas that didn't
experience the flood".

 

Flood victims in Lokoja expressed their displeasure over the way they were
treated during the flooding.

 

A victim, Aisha Abubakar explained that they came to take their data during
the flood but they didn't get any assistance from the government.

 

She said, "They came to our house last year and they wrote our names and
phone numbers. After the flood, they went to Lokongoma to share relief
materials. We are waiting for them this year because we know that they will
do the same thing."

 

Imo

 

Consequent upon the catastrophic effects of flood in Imo State last year,
the state government embarked on massive awareness and sensitisation of the
citizenry in 637 autonomous communities of the twenty seven local government
areas of the state.

 

However, the state has not recorded any incident of flooding this year.

 

 

Meanwhile, the Governor of Imo State, Hope Uzodimma has flagged off the
distribution of items for those affected by the 2022 flood disaster in the
state.

 

Cross River

 

In Lischiche Community, Obanlikwu Local Government Areas of Cross River
State, rice fields and farm yams were damaged as a result of flood caused by
heavy downpour and exposed farm owners to economic hardship.

 

A victim of the flooding at Lischiche Community, Obanlikwu LGA of Cross
River, Mr. David Ugba, while narrating his ordeal to LEADERSHIIP, lamented
the loss of his yam farm and rice field to flooding.

 

Ugba said even though life was not lost as a result of flooding, farmlands
lost by farmers in the community were enough pain to expose residents of
Lischiche Community to economic hardship.

 

He said the loss of his rice field and yam farm has caused his wards to drop
out from school given his poor economic power occasioned by flooding.

 

Ugba lamented that despite the pain and economic hardship which the victims
are going through, federal and state governments are yet to come to their
rescue, adding that although officials of State Emergency Management Agency
paid them a visit and promised to do something to salvage the situation,
nothing has come in the way of assistance.

 

Other damage caused by the flood includes the breakdown of Kaffa Bridge that
links about eight communities to Sankwala LGA and some neighbouring
communities of Benue state.

 

Reacting to the issue, SEMA director general, Mrs. Angela Ogeyi Odey stated
that plans were underway by the stage government to respond to the victims.

 

Ogeyi could not say when the agency would respond to the victims' need but
insisted that government was doing a lot to ensure that victims of any
disaster are given assistance.

 

Edo

 

In Edo State flood devastation has been a perennial problem, especially in
some flood impacted communities of Annegbente, Ekperi, Udabba, Udochi
Agenebode in Etsako Central, Etsako East and parts Esan South East and
Ikpoba Okha local government areas of the state.

 

The aforementioned communities are flood prone areas prompting the state
government to call on residents in lowland and riverine areas in these areas
to be vigilant and relocate to higher plains as a result of a likely
flooding.

 

As anxiety mounts among residents of the flood prone areas, the edo state
government through the commissioner for communication and orientation, Chris
Nehikhare, however assured the support of the state government to those
displaced by the flood.

 

"The Edo State Government will provide support to those displaced from their
homes by the rising water level occasioned by the overflow of the River
Benue.

 

"Because we know this is going to happen, we had to move quickly to ensure
that our Internally Displaced Persons (IDPs') camps are in a good state and
the residents adequately briefed and sensitized."

 

Rivers

 

Although, the Nigeria Meteorological Agency (Nimet) predicted that no fewer
than 15 local government areas in Rivers State, would be affected by the
2023 impending flood, there seems to be no sign of the yearly disaster yet.

 

Communities in Abua/Odual, Ahoada-East, Ahoada-West and Ogba/Egbema/Ndoni
local government areas are affected by the yearly flood due to their
proximity to the Orashi River and its tributaries.

 

LEADERSHIP observed that Governor Siminalayi Fubara recently set up a
multi-sectoral committee on flood involving various stakeholders, like the
Ministry of Health, Ministry of Environment and the Ministry of Social
Welfare

 

It was further observed that majority of the local government chairmen in
the state also constituted flood committees, which had been going round
communities to sensitize them on the impending flood.

 

The committees also embarked on the clearing of drainages and canals in the
various communities in their respective local government areas.

 

As part of its proactive measures, the state government recently launched
its 2023 Road Map to mitigate the effect of the flood in the state.

 

Speaking during the launching which was held at Ahoada Town in Ahoada-East
local government area, the state deputy governor, Professor Ngozi Odu, said
the actions taken so far underscore the level of preparedness of the State
when the flood comes.

 

Odu said: "The mitigation is in three phases, and phase one is almost
concluded with the identification and preparation of IDP camps and today the
provision of equipment and materials to flash point Local Government Areas,
namely Ahoada- East, Ahoada-West, ONELGA and Abua/Odual".

 

Speaking on the impending flood, chairman of the State Flood Management
Committee, Hon. Chidi Amadi, said all necessary measures had been taken to
forestall the repeat of the ugly food disaster last year.

 

Enugu

 

Enugu State has not recorded any flood that claimed the lives of people
since the beginning of this year, but the South East Zone of the National
Emergency Management Agency ( NEMA) in collaboration with the State
Emergency Management Agency (SEMA), in their efforts to reduce losses
associated with flood disaster, had commenced flood sensitization programme
across the flood prone areas of Enugu state.

 

The NEMA team, in collaboration with Enugu State Emergency Management
Agency, carried out flood mitigation/ preparedness awareness at Awgu LGA.

 

It is expected that the team will take the campaign to other local
government areas of the state.

 

Nasarawa

 

In Nasarawa State, respondents who spoke to LEADERSHIP said the rainfall has
been low, especially between August and September when the state normally
experienced massive flooding.

 

As a result, there was no serious flood in the magnitude that would cause
destruction and fatality this year.

 

The State Emergency Management Agency (NASEMA) recalled that at the end of
September last year, 11 out of the 13 local government areas of the state
had already been affected by flood.

 

The state secretary of the Rice Farmers Associates of Nigeria (RIFAN), Mr
Nashua Jonathan Assapin, told our correspondent in an interview on Thursday
that the body was not worried about the flood this year, rather, it is the
lack of rain to enhance their harvests.

 

According to NASEMA, flood incidents affected only two local government
areas of the state this year, Lafia and Toto LGAs.

 

Lagos

 

Heavy rainfalls have been witnessed in Lagos State and have resulted in
flooding of some areas both in the Lagos Island and mainland.

 

A motorcycle rider simply identified as Abe was on Saturday swept away by
flood during a heavy rainfall in Lagos.

 

The territorial coordinator of the National Emergency Management Agency
(NEMA) Ibrahim Farinloye said flood-affected populations at the Papa Ashafa
and Fashola communities, both in the Alimosho Local Government Area of
Lagos, have been rescued.

 

Farinloye said NEMA, along with the Disaster Management Unit of the Nigeria
Police from the Dopemu Divisional Police Station, Lagos State Neighbourhood
Security Corp in conjunction with the Community Development Associations of
Papa Ashafa, Fashola and others had distributed emergency relief aid to the
flood-impacted communities.

 

However, residents of Agege area of Lagos State adversely affected by
flooding have called on the state and local governments to come to their
aid.

 

Commenting on the rainfall, the director general of the National Emergency
Management Agency (NEMA), Alhaji Mustapha Habib Ahmed, said the agency had
ordered the immediate release of relief materials to the people who had
taken refuge in four churches in the areas.

 

Osun

 

Torrential rainfall led to the flooding that ravaged Ikire, in Irewole local
government area of Osun state on Saturday, July 22, 2023.

 

Though no life was lost, properties worth millions of naira were destroyed
while vehicular movement was affected on the Ikire axis of the Ibadan/Ife
axis of the dual carriageway on the fateful day.

 

Mostly affected were Mateba, Atoto, Oja ale, Owode,Oluofinrin, Oriolori,
Sagba junction up to CAC Alasepe junction, among others.

 

Flooding has become an annual occurrence due to a lack of commensurate
channelisation on the dual carriageway.

 

Reacting to the flooding on the floor of the Senate, Senator Francis
Fadahunsi said the reconstruction of the dual carriageway was awarded with a
paltry N581m released as upfront, while N11bn provision was made available
for it in the 2022 supplementary budget but diverted to fuel subsidy
palliative.

 

- Leadership.

 

 

 

Nigeria: Rumpus in Civil Service Over New Tenure System

The implementation of Rule 021210 which provides for a new tenure system is
generating rumpus in the nation's civil service.

 

Head of Service of the Federation (HoSF), Dr Folasade Femi-Esan, had on July
27, 2023, reportedly instructed some permanent secretaries, as well as the
accountant-general of the Federation (AGF) and the Auditor-General of the
Federation (AoGF), to implement the rule without further delay.

 

But a wide spectrum of workers in the civil service are insisting that at no
time did former President Muhammadu Buhari and the Federal Executive Council
(FEC) approve the compulsory retirement of permanent secretaries and
directors who have put in eight years in the civil service.

 

 

Already, workers in the medical profession have embarked on a week-long
warning strike to protest what they described as an obnoxious unilateral
policy by the HoSF.

 

At the Ministries, Departments, and Agencies (MDAs), tongues are wagging,
with a majority of the affected and serving directors already drafting
petitions to Dr Esan, asking her to review the tenure policy which they
insist is without foundation.

 

They cited the non-availability of circular to back up such a policy in
proof that she acted unilaterally.

 

Investigations have shown that the civil servants may be correct that
neither former President Buhari nor the FEC gave approval to any tenure
policy in the approval obtained for the Revised Public Service Rules and
Duty Tour Allowance, the major gravamen of the discontent in the system.

 

 

For instance, on August 27, 2021, a four-page memo with reference number EC
(2021)238 sent to FEC by the president titled, "Approval for the Revised
Public Service Rules, 2021 and Duty Tour Allowance", indicate that only the
issue as stated in the title was presented at FEC, and there was no mention
of the tenure of permanent secretaries or directors mentioned anywhere in
the memo.

 

Similarly, the nine-page EC Conclusion spread across 507 paragraphs
discussed only the two aforementioned matters.

 

LEADERSHIP gathered that the revised PSR contains 17 chapters, spanning
across appointment and leaving the service, prescribed examination for
confirmation (virtual exams), emoluments and increments, performance
management system, reward for outstanding work, virtual meetings and
engagements, petitions, and appeals, allowances, compensation, inventions,
compensation and insurance, among others.

 

 

The highlight of the differences with the 2018 Public Service Rules included
the Performance Management System which replaced the old Annual Performance
Evaluation Report (APER); Reward for Outstanding Work to Institutionalise
Reward Recognitions Scheme (R&RE) in the Federal Public Service; Training
and Capacity Development to provide more opportunities for continuous
training and capacity development for enhanced service delivery, among
other.

 

It further contained recommendations by the National Salaries, Income and
Wages Commission (NSIWC), sent to the Ministry of Finance, Budget and
National Planning (MFB&NP) and the Revenue Mobilisation, Allocation and
Fiscal Commission (RMAFC) for "a no-objection".

 

Consequently, FEC approved new DTA ranging from N10,000 up from N5,000 for
salary grade levels 01 to 04; N25,000 up from N12,000 (N16,000) for salary
grade levels 14 to 15, ending at N80,000 up from N35,000 for Ministers, SGF,
HSF and equivalent.

 

An innovation of the approved 2021 PSR is the introduction of Paternity
Leave, to allow male workers to bond with their newborn children or adopted
children of no more than four months old. This particular leave was solely
enjoyed by the female workforce, which the approved PSF introduced.

 

These were the key highlights of the HSF memo presented by the President to
the FEC and approved in 2021, which now has the eight-year tenure issue
surreptitiously inserted, thereby raising some hairs.

 

However, the director of Information in the office of the Head of Service of
the Federation, Mohammad Ahmed, explained that the rules have always been
there and that only some provisions were revised and sent to the former
president, Muhammad Buhari for approval.

 

"The tenure of permanent secretaries and directors has always been there and
has been brought back, which was reported before in the media. So, there is
no confusion about it. The rules were revised and sent to the former
President, Muhammad Buhari and he approved it," he said.

 

- Leadership.

 

 

 

Liberia: Speaker Chambers Wants Chinese Facilitate Modernization of
Liberia's Transport Network

The Speaker of the House of Representatives, Dr. Bhofal Chambers has
congratulated the People's Republic of China on the occasion commemorating
their 74th Anniversary.

 

Chinese National Day is celebrated on October 1st every year to commemorate
the founding of People's Republic of China. On that day, lots of large-scale
activities are held nationwide. The 7-day holiday from Oct. 1st to 7th is
called 'Golden Week', during which a large number of Chinese people go
traveling around the country.

 

But this year, the National Day holiday spans from September 29 to October
6, overlapping with the Mid-Autumn Festival. To partially offset the seven
consecutive days of the National Day holiday, October 7 and Sunday, October
8, have been designated as official workdays, resulting in a 7-day working
week.

 

 

Speaker Chambers said the world has witnessed, under the leadership of
President Xi, the protection of individual rights and liberties, religious
freedoms and minority rights, amongst others; something he said is indeed
laudable and it is the right step in the right direction.

 

In a speech delivered Friday, the Speaker averred that both Countries-
Liberia and China should continue to unrelentingly demand and expect a full
measure of commitment, devotion, hard work and dedication from all global
stakeholders. Stating that it is now than ever before that both Countries,
as friends and citizens of the world, render more productive service for the
assurance of sustained world peace, mutual respect, and collective
development.

 

He said the Global Sustainable Transport Forum of 2023, cannot in any way,
be overemphasized as it is of global existential necessity.

 

 

The Liberian lawmaker said considering the principal focus, "Sustainable
Transportation Cooperation", it is an indispensable factor in enhancing
rapid growth and development. He then echoed for all the Nations of the
world to take this as a priority.

 

"We must all realize that nowhere is safe without a well-structured
transportation architecture". Speaker stressed.

 

China has been an important partner in Liberia's development journey, and
Speaker Chambers applauds the longstanding friendship and cooperation
between the two countries. As Liberia continues its efforts to enhance its
infrastructure and promote economic growth, Speaker Chambers sees an
opportunity for even stronger collaboration between Liberia and China.

 

Meanwhile, the Speaker of the Liberian Legislature has respectfully
requested the Chinese Government to facilitate the process of modernizing
the Liberian transportation network to include land, air, and sea transport.

 

Speaker Chambers believes that with China's expertise in infrastructure
development and its successful track record in various countries, there is
great potential for transformative projects in Liberia. This includes the
construction and rehabilitation of roads, bridges, ports, and airports,
which will facilitate the movement of goods and people, boost trade, and
drive economic growth in Liberia.

 

The Speaker of the House of Representatives envisions a partnership that is
mutually beneficial, focusing on sustainable development and the well-being
of both nations. He looks forward to continued cooperation and discussions
with Chinese counterparts to explore opportunities for collaboration in
advancing Liberia's transportation sector.

 

He stated that it is his fervent hope that the flood tide of optimism
regarding sustainable global transportation system, based on cooperation and
development, will be a reality in sight.

 

- New Dawn.

 

 

 

Tanzania: First Energy Efficiency Action Plan Implementation At Final Stages

THE government in collaboration with the European Union (EU) and the United
Nations Development Programme (UNDP) is finalising implementation of
Tanzania's first Energy Efficiency Action Plan project.

 

The project seeks to ensure access to affordable, reliable, sustainable and
modern energy for all in Tanzania.

 

A key component of the action plan is to build capacities on energy
management and audit, whereby practices can be implemented and bring about
significant benefits of energy savings.

 

Speaking to journalists recently at a pilot study site at Silafrica Tanzania
Limited office in Dar es Salaam, the UNDP National Energy Efficiency Analyst
Mr Robert Washija said the project is aimed at contributing to achieving
energy efficiency in households, industry and public buildings.

 

 

"The project is aligned with the National Energy Policy and strategic goals
set out in the Tanzania Development Vision 2025 which seeks to ensure that
energy efficiency plays a key role in contributing to the economic and
development growth of the country," said Mr Washija.

 

He also said the project is relevant to the 2030 Agenda for Sustainable
Development and the United Nations Sustainable Energy for All (SE4ALL)
Initiative.

 

He said the project is for three years commencing 2022 to 2024 where it will
spend 9 million Euro where 8 million Euro is provided by the EU and 1
million Euro is provided by UNDP.

 

Mr Washija said the project fast tracked a first set of seven energy
efficiency actions.

 

 

"Firstly, we want to enhance energy consumption data of large energy
consumers since there is no correct data available.

 

"The key energy efficiency actions are to review and update the energy
efficiency action plan and prepare the energy strategy. Development of
Minimum Energy Performance Standards (MEPS), Labelling, development and
implementation of framework for energy performance certification for large
buildings," Mr Washija said.

 

Other key energy efficiency actions are to develop and implement a framework
for the management of large energy consumers, development of professional
qualifications and skills in energy management and audit as well as creating
energy efficiency awareness of the public.

 

He said the energy audits were conducted at three pre-selected pilot study
skates, namely Aga khan, Silafrica Ltd and PSSSF Complex.

 

"The pilot study provided a set of recommendations to the business and
identified areas of energy reduction and performance improvement and an
investment plan for energy efficiency and carbon emissions reduction towards
a net zero agenda," said Mr Washija.

 

The Silafrica Tanzania Limited Chief Executive Officer (CEO), Mr Alpesh
Patel said the industry implemented the project which enabled them to reduce
cost and save energy.

 

"By implementing the energy efficiency project, we have benefited from
identifying improper use and knowing how and what things to work on to use
energy properly without affecting production and making profits," said Mr
Patel.

 

Through his testimony Mr Patel said Silafrica reduced the consumption of
electricity from 13 million units worth 2.041bn/- to 12 million units worth
1.8bn/- which is a saving of 157m/- per year while they increased its
production, providing 700 to 1000 tonnes per month.

 

On his part, an electrical engineer with Tanzania Industrial Research and
Development Organisation (TIRDO) Mr Augustino Masse, said through the
project, the organisation educates people on the use of machines to know
which part is wasting energy and provide professional advice on the best way
to operate their machines in order to save energy.

 

The implementing partners are Tanzania bureau of Standards (TBS), the
President's Office Regional Administrative and Local Government (PO-RALG),
Energy and Water utilities Regulatory Authority (EWURA), the National Bureau
of Statistics (NBS), Tanzania Industry Research and Development Organisation
(TIRDO), Dar es Salaam Institute of Technology (DIT) and National
Construction Council (NCC).

 

- Daily News.

 

 

 

Nigeria: Poor Power Supply, Grid Collapse - Tasks Ahead of Nigeria's Power
Minister Adelabu

In recent years, the Nigerian power sector has experienced many broad
challenges related to electricity policy enforcement, regulatory
uncertainty, gas supply, transmission system constraints, and major power
sector planning shortfalls.

 

President Bola Tinubu recently inaugurated Adebayo Adelabu as Minister of
Power, alongside 44 others cleared by the Senate for appointment.

 

Mr Adelabu is a former deputy governor of the Central Bank of Nigeria (CBN)
in charge of operations, having been appointed to that role by former
President Goodluck Jonathan in February 2014. In May 2018, he resigned from
the CBN to contest unsuccessfully the 2019 governorship election in Oyo
State.

 

He had his professional training with PricewaterhouseCoopers (PwC) and
managed various audit and consultancy engagements for large banks and
non-bank financial institutions in and outside Nigeria.

 

He was also on secondment to the CBN for one year (in 1999) when he led the
Finance team on the CBN re-engineering and corporate renewal project and
later left the firm in 2000 as an Audit Manager and Senior Consultant to
join First Atlantic Bank as the Financial Controller and Group Head of Risk
Management and Controls.

 

 

Mr Adelabu has also held various other positions while in First Atlantic
Bank, including the Chief Inspector of the Bank (2002) and Group Head of
National Public Sector Business (2003).

 

Upon assuming his new office, Mr Adelabu assured that the federal government
will empower Nigerians through stable and accessible electricity. To achieve
the feat, he said the ministry would leverage the Nigerian Electricity Act
2023 to boost power supply in the country.

 

In this report, PREMIUM TIMES highlights some of the major challenges
bedevilling the sector that the minister needs to tackle.

 

Power Ministry

 

In 2015, former President Muhammadu Buhari appointed former Lagos State
governor, Babatunde Fashola, as Minister of Power, Works and Housing.

 

 

Mr Fashola promised improved power supply and came up with an incremental,
stable and uninterrupted electricity roadmap, but there was no remarkable
shift from the usual power experience Nigerians are used to.

 

In 2019, Mr Buhari appointed Saleh Mamman, who holds a higher national
diploma in electrical electronics from Kaduna Polytechnic, as minister. But
in September 2021, Mr Buhari sacked Mr Mamman and appointed Abubakar Aliyu
as the power minister. This newspaper reported at the time that Mr Mamman's
time in office was marked by poor power supply.

 

In his address upon assuming official duties as Minister, Mr Aliyu said his
mandate was to ensure that a "steady power supply is delivered to Nigeria".
Mr Aliyu's reign as minister, however, recorded little or no improvement in
the power sector as the power situation in the country remained without any
significant improvement.

 

 

Challenges

 

In recent years, the sector has experienced many broad challenges related to
electricity policy enforcement, regulatory uncertainty, gas supply,
transmission system constraints, and major power sector planning shortfalls.

 

According to statistics provided by GET.invest, a European programme focused
on renewable energy projects, only 3,500 MW to 5,000 MW is typically
available for onward transmission to the final consumers in Nigeria.

 

This is essentially because of the country's poor transmission network and
incessant collapse of the national grid amongst other factors.

 

This is happening despite the privatisation of 11 electricity distribution
companies (DISCOs) and six generating companies (GENCOs) with the federal
government retaining 100 per cent ownership of the Transmission Company of
Nigeria (TCN). Despite the poor supply, electricity tariff has also
continued to be on the rise in the country.

 

Poor supply

 

Nigeria has struggled with poor power supply for decades, a challenge that
is estimated to cost businesses about $29 billion yearly, according to the
World Bank.

 

The country has the lowest access to electricity globally, with about 92
million persons out of the country's 200 million population lacking access
to power, according to the Energy Progress Report 2022 released by Tracking
SDG 7.

 

A World Bank report in 2021 also explained that a total of 74 per cent of
power users in the country are dissatisfied with the supply of electricity
across the country while 93 per cent of metered power users paid their bills
regularly, 78 per cent of electricity consumers in the country received less
than 12 hours of power supply daily.

 

Also, the lack of power supply has increased production costs for many
businesses forced to provide their electricity, mostly using diesel-run
generators as alternative sources of electricity.

 

In June 2015, Nigerian manufacturers said they spent as much as N3.5
trillion annually to generate alternative power for their production
operations due to the collapse of the public electricity supply.

 

In 2018, former President Muhammadu Buhari claimed Nigerians depend less on
generators in their homes and businesses. However, analysts disagreed with
the position as many Nigerians continue to suffer from the ripple effect of
poor power supply.

 

In March, the Abuja Electricity Distribution Company (AEDC) said
insufficient power allocation to the company by generation stations was
responsible for the unstable electricity supply in the region.In June, the
Manufacturers Association of Nigeria (MAN) said it loses N10.1 trillion
annually to power crisis, just as the World Bank said that Nigeria will need
about $100 billion in the next 10 years to tackle the challenges in its
energy sector.

 

For many Nigerians, Mr Adelabu's success as the new minister will depend
mainly on his ability to meet the expectations of the country's power supply
and also work towards improving the situation.

 

Low generating capacity

 

Successive governments have promised but failed to turn around the country's
power sector which on average produces about 4,000 megawatts for a
population of 200 million.

 

The Buhari administration in July 2019 signed a deal with Germany's Siemens
to overhaul the sector. The plan has three phases, ultimately targeting
25,000 MW of operational capacity long term from 7,000 MW and 11,000 to be
achieved by 2021 and 2023, respectively, through the first two phases.

 

The country also plans to generate 30,000MW by 2030 with 3,000MW coming from
renewables and 27,000MW from its power plants to serve its over 200 million
people.

 

However, power generation still hovers just below 5,000 years after the
sector was privatised. The country's 4,000MW daily generation is barely
adequate to serve Lagos, its commercial capital of over 20 million people,
according to the Nigerian Association for Energy Economics.

 

Poor electricity has become a barrier to economic prosperity and development
in the country, a challenge the minister is expected to address.

 

Power system maintenance/Vandalism

 

Over the years, poor maintenance of electricity infrastructure has been one
of the major causes of poor supply in the country. The vandalism of the
transmission infrastructures and distribution equipment has also been a
common occurrence.

 

In March 2022, a 330kv Sapele to Benin transmission line tripped off after
serial vandalisation of the facility affected some towers under it. Again in
March, the country suffered extensive power outages when 18 plants
accounting for most of the electricity the country generates faced
operational problems.

 

The then Minister of Power, Abubakar Aliyu, blamed the constant collapse on
poor maintenance and shortage of gas. He, however, said the government had
upgraded four power plants as part of efforts to improve the sector.

 

On 8 April 2022, Several Nigerian cities including the Federal Capital
Territory were thrown into darkness after the national grid collapsed again.

 

At the time, the federal government said the collapse of the national grid
was caused by "vandalism" on a transmission tower on the Odukpani Ikot
Ekpene 330kV double circuit transmission line, leading to a loss of about
400 MW of generation.

 

Last July, the Enugu Electricity Distribution Company (EEDC) said more than
20 transformers had been attacked by vandals across the company's franchise
network within the South-East in three weeks.

 

In 2022 alone, the country's national grid reportedly collapsed eight times,
partly due to vandalism, and many Nigerians expect the power minister to
address the concern.

 

Estimated billing /Metering

 

Nigeria has been struggling with power distribution, limited distribution
networks, limited transmission line capacity, a huge metering gap, and a
fall in gas supply, despite the privatisation of the power sector which
produced six generation companies and eleven DisCos.

 

In March 2018, the Nigerian government commenced the mass metering programme
(MAP), but the distribution of metres started in 2019.

 

Its objective is to end the estimated billing system and attract private
investment in the provision of metering services.

 

It also seeks to enhance revenue assurance in the Nigerian Electricity
Supply Industry (NESI) and promote local meter manufacturing in Nigeria.

 

With these objectives yet to be achieved, the government in 2020 approved
the National Mass Metering Programme (NMMP).

 

The key objectives of the NMMP include increasing Nigeria's metering rate
and eliminating arbitrary estimated billing. It is also aimed at
strengthening the meter value chain by increasing local manufacturing,
assembly and deployment capacity.

 

The programme seeks to support Nigeria's economic recovery by creating jobs
in the local metre value chain, reducing collection losses and increasing
financial flows to achieve 100 per cent market remittance obligations of the
electricity distribution companies (DisCos).

 

It will further improve network monitoring capability and availability of
data for market administration and investment decision-making.

 

Early in 2020, before the COVID-19 pandemic disrupted the economy, the power
ministry said it was focusing on ending estimated and arbitrary billing for
electricity through a nationwide mass-metering programme.

 

"Metering Nigerians is at the top of our Agenda and we hope to have some
exciting news on that front soon," Saleh Mamman, the then-minister said
while marking his one year in office in 2020.

 

The Nigerian Electricity Regulatory Commission (NERC) directed the
Distribution Companies (DisCos) to ensure that all electricity consumers
were metered by April 30, 2020. The order said all other customers on higher
tariffs shall be metered by April 30 otherwise they shall remain connected
to supply, but without further payment to the DISCos until a meter was
installed for them.

 

The order directed that any customer whose current estimated bill was below
the capped price shall remain so without upward review until the
installation of a meter by the DISCos.

 

The deadline elapsed yet many households remained without prepaid meters and
continued to pay exorbitant tariffs.

 

Continuous increase in tariff

 

In September 2020, PREMIUM TIMES reported how electricity distribution
companies (DisCos) began implementation of their proposed hike in tariff
which was greeted by outrage among Nigerians, including labour unions.

 

The government thereafter suspended the hike to hold talks.

 

In November, the tariff was eventually implemented while discounts were
given for sundry categories of customers. Two months later in January 2021,
the Nigerian government yet again approved an increase in electricity tariff
payable by electricity consumers.

 

At the time, the government approved over a 50 per cent hike in electricity
tariff payable by customers of the 11 Distribution Companies, DisCos.

 

Again in May 2022, the Nigerian government approved electricity tariff
increases without informing Nigerians. The government claimed its decision
was necessary considering the increase in performance of improvement plans
of the DISCOs.

 

On 25 June, Daily Trust reported that DisCos, in a note to their customers,
informed them of an increase in electricity tariff effective 1 July.

 

The DisCos statement suggested that the tariff increase is a response to the
floating of the naira and aims to ensure that the electricity industry
remains financially viable and sustainable in the face of currency
challenges.

 

Speaking to PREMIUM TIMES in June, one of the officials of NERC, who sought
anonymity on the grounds of not having the authority to speak with the
press, confirmed that the tariff is being reviewed, and the body will not
make any official statement until there is a resolution on the new rate.

 

"The process is ongoing and cannot be communicated until completed. Whatever
is being publicised now are mere speculations because you don't speak
mid-way through a process; the review could turn out to be a reduction in
tariff or increment, no one knows for sure," the official said.

 

The review has, however, been trailed by criticisms on the part of
professional bodies and other Nigerians.

 

The Nigeria Labour Congress (NLC) recently warned against the planned
increase, stating that the massive rise will not bode well for Nigerians.

 

"We believe that not even these figures are a justification for this
reckless proposed tariff increase. The issue of capacity to pay and quality
of service delivery is not only germane but superior to any rationalisation
by market logic," the NLC president, Joe Ajaero, said in a statement.

 

In July, the Nigerian Electricity Regulatory Commission (NERC) said eleven
electricity distribution companies (Disco) have applied for rate review with
the commission.

 

The commission said the request for rate review is premised on the need to
incorporate changes in macroeconomic parameters and other factors affecting
the quality of service, operations and sustainability of the companies.

 

The House of Representatives in July rejected a move by the NERC to approve
any increase in electricity tariff.

 

Experts speak

 

Speaking to PREMIUM TIMES, the former chairman of, the Nigerian Electricity
Regulatory Commission (NERC), Sam Amadi, said the minister's background in
financial management doesn't matter.

 

"His background in financial management doesn't matter; he doesn't have to
be an engineer to solve electricity problems, You just have to have smart
intelligence to appreciate the problems, take time to study what the problem
is and have the right kind of support in terms of your team, your ability to
manage the system and in terms of the president who appoints you," Mr Amadi
said.

 

He explained that the challenge requires changing culture, modelling and
reconsidering what the sector needs to do.

 

"So the strategy starts with diagnosis: what's the problem? Many of the
people who talk about the power sector, including Nasir El-Rufai, don't
identify the diagnosis well.

 

"They say, diagnosis has shown that people are not privatization enough, or
people are not allowing the market rules to work, Disco increase tariffs or
remove government participation. That's not the problem," he said.

 

"It is a problem of how do you create a model that will allow you to move
efficiency faster in terms of both the generation, transmission and
distribution and move it in a way that you understand the cultural content
and the public sector content of the country. So... the challenges are
challenges that do not require one technical solution," he added.

 

"The only advice I can give is that the minister has three things to do," he
said.

 

"Firstly, focus on short-term, meaning 'now'... what can we do to ensure
that even as things are now, we have fewer outages, blackouts and more
power? So, let's assume you have capacity for only 300 MW, don't drop it to
280 MW because of a small error.

 

"Keep that 300 MW optimal by creating a good task team that is focusing
aggressively on what needs to be done, who is not doing it well, talk to the
people and move things to higher levels of performance. Those kinds of
things can happen in the short term," he said.

 

In the medium to long term, he said the minister should go back and rethink,
and put up a small team to revise the problem of the sector.

 

"It has been over twenty-one years since we had our first national electric
power policy. It is now time to create, adapt and look at what has happened
and, the mistakes we made. I have argued that there are so many presumptions
about market liberalism, among others. Having done that, it is now time to
rethink them, accept what we've done well in the past, remove the wrong
ones, and bring in new things.

 

"When you have done that, then you will start a new process, that's for
medium to long-term which will move this sector into an easy direction where
there will be more accountability to customers, government and where the
Discos, Gencos and everybody is delivering on industry established
benchmarks.

 

"So, if they are not performing well, there will be another approach to exit
those who have failed repeatedly and bring in new people," he added.

 

Basically, he said the minister needs to re-engineer the sector and that
re-engineering requires financial understanding, commercial, legal and
regulatory.

 

Kelvin Emmanuel, chief executive officer of Dairy Hills, noted that Nigeria
cannot increase electricity generation without addressing three things.

 

"You cannot increase electricity generation without addressing three things:
Increasing the high-pressure transmission pipes for gas from 2k km to 7k km;
declaring a state of emergency on pre-paid meter adoption to raise it from
5.6m to 12m users, as a means to reduce impairment in revenue collections;
and investing in transmission infrastructure to ensure the load delivered to
transmission company if Nigeria (TCN) is fully offtaken by the DisCos.

 

"This is why you need a strategy and implementation retreat between
ministers of petroleum, gas resources, and power to ensure the KPIs are
met," he said in a tweet.

 

Also Speaking to PREMIUM TIMES, the executive director of the Centre for
Journalism Innovation and Development (CJID), Tobi Oluwatola, said the
minister needs to provide accountability and transparency in the sector to
solve some of the challenges affecting the sector.

 

Mr Oluwatola, who is an energy professional, said there are about four
things that are important about the power sector.

 

Firstly, he said in the current Nigeria Electricity Supply Industry (NESI)
structure, the distribution companies are the collection agencies that
collect money on behalf of all the entities in the sector, adding that
whatever the distribution companies report that they collect is the money
that the industry collects.

 

"That's the money that gets to the Transmission Company of Nigeria (TCN),
generators and everybody. So, if the distribution companies for some reason
underreport what they are collecting, then there isn't enough money in the
sector.

 

"So, we call this inequality crisis that the sector is facing, the biggest
crisis that the sector is facing. So people will tell you that the reason
why that crisis is there is because tariffs are not cost-reflective, that's
not entirely true.

 

"The reason that crisis exists is that there is a giant opacity with what
DisCos actually collect or what they ought to collect and there is a lot of
inefficiency in what they report," he said.

 

- Premium Times.

 

 

Namibia: Geingob Advised to Reject Award From Cameroonian Oil Lawyer

The Institute of Public Policy and Research (IPPR) has raised concerns over
a plan by the African Energy Chamber (AEC), led by Cameroon's controversial
businessman NJ Ayuk, to present president Hage Geingob with an award in
South Africa next month.

 

"I think it is important that our leaders do not accept awards from people
with very questionable track records as appears to be the case here," IPPR
director Graham Hopwood said on Wednesday.

 

The AEC plans to grant Geingob the 2023 Lifetime Achievement Award for his
commitment to advancing Namibia's energy sector.

 

The Organised Crime and Corruption Reporting Project (OCCRP) reported in
2021 that Ayuk (also known as Njock Ayuk Eyong) was identified as a key
player in the network of Gabriel Mbega Obiang Lima, Equatorial Guinea's
former oil minister and son of its president.

 

The OCCRP report quoted anti-corruption expert Lucas Oló saying that Ayuk,
the chief executive officer (CEO) of the Centurion Law Group - a law firm
which has offices that span across seven African countries - represents an
important channel for winning oil-related contracts in Equatorial Guinea.

 

 

Hopwood stressed the importance of safeguarding Namibia's emerging upstream
petroleum sector from "corrupt influences and individuals".

 

He said the award may not necessarily put the president in a negative light,
but it serves as a troubling sign that the development of the oil and gas
sector in Namibia has not been adequately fortified against corruption.

 

"We have to avoid the examples of Nigeria, Equatorial Guinea and Angola at
all costs," Hopwood said.

 

A 2019 article in Mail & Guardian reported that Ayuk was convicted of fraud
in the United States in 2007 and investigated in Ghana for money laundering
in 2015, allegations his spokesperson strongly denied.

 

 

Despite this controversy, Geingob appears to have opened the door for an
award from Ayuk.

 

The Office of the President has not responded to questions sent to
presidential spokesperson Alfredo Hengari on Wednesday and yesterday.

 

'BE CAREFUL'

 

Ayuk's controversial past has created a stir, with critics calling on the
president to turn down the award.

 

Political analyst Rui Tyitende says considering that Geingob has been linked
to controversial individuals such as Ernest Adjovi (regarding N$23 million
for the Kora Awards) and Jack Huang (regarding N$1 billion in tax evasion
charges), accepting this award would not bode well for his reputation.

 

"The president should know that generosity of such a nature has its own form
of power as some reciprocity might be expected."

 

Tyitende also raised questions about the selection criteria for awarding
Geingob and whether other candidates were considered for the award.

 

 

"To avoid national embarrassment, the president must decline this award as I
do not think the intentions are sincere considering the moral compass of NJ
Ayuk," he says.

 

Political commentator Ndumba Kamwanyah says the president should practise
caution when offered accolades from institutions run by individuals with
controversial pasts.

 

"Anyone who is credible, authentic and is fighting corruption would be
careful not to be associated with any criminally tainted system.

 

"I think it is wise for president Hage Geingob to protect his legacy and his
reputation," he says.

 

Kamwanyah says it is premature to grant Geingob the specific award, as the
success of both Namibia's emerging green hydrogen and oil and gas industries
is yet to be seen.

 

"Let's wait for the outcome to determine who deserves the award," he says.

 

AYUK DENIES CLAIMS

 

Meanwhile, Ayuk has denied all allegations against him, claiming they form
part of a witch-hunt against him.

 

"From the outset, the AEC, Centurion Law Group and Ayuk categorically denies
the allegations which have been a pattern and a witch-hunt from civil
society groups because of our position on Africa's right to develop its oil
and gas," AEC spokesperson Gradie Mbono told The Namibian this week.

 

She said Ayuk has no tainted past, adding that he is a highly respected
lawyer and two-time bestselling author with the Wall Street Journal.

 

"He has undergone the most stringent scrutiny by all regulatory authorities
which cleared approval. He has addressed the United Nations and participated
in the Conference of the Parties. It is unfair to try to taint this man,"
Mbono said.

 

The chamber defended Ayuk's connection to Equatorial Guinea's former oil
minister and current finance minister, saying his law firm, as a publicly
listed entity, can represent anyone who requests its services.

 

Mbono confirmed Obiang as a client of Centurion.

 

She said while Ayuk personally has no business in Namibia, his law firm has
referred business and clients to SNC Incorporated, led by Shakwa Nyambe.

 

"On a singular event, Centurion Law Group requested for legal service and
SNC Incorporated provided such service.

 

"Other than the aforesaid singular event, SNC Incorporated is not aware of
any business or client referrals from Centurion Law group to SNC
Incorporated," Nyambe said yesterday.

 

- Namibian.

 

 

 

Tunisia: Cooperation Between Fipa, Aapi Under Review to Boost
Cross-Investments

Tunis/Tunisia — A cooperation agreement between the Foreign Investment
Promoption Agency (FIPA) and the Algerian Investment Promotion Agency (AAPI)
is under review in a bid to foster relations between both agencies and
encourage cross-investments between the two countries, said FIPA-Tunisia.

 

"Stepping up investment projects and partnership between Tunisian and
Algerian companies took centre stage at a meeting held last September 20 in
Tunis, between FIPA-Tunisia Director General Jalel Tebib and AAPI Director
General Omar Rekkache.

 

"The two agencies' expertise in foreign investment support will further
facilitate the setting up of ventures in the two neighbour countries."

 

"The meeting is part of the Tunisian-Algerian friendship relations and was
held on the fringes of Rekkache's participation in the Financing Investment
and Trade in Africa (FITA 2023," FIPA-Tunisia added.

 

Over 69 companies with Algerian participation are operating in Tunisia,
generating over 3,800 jobs.

 

- Tunis Afrique Presse.

 

 

 

 

Mozambique: Bank Keeps Interest Rates Unchanged

Maputo — The Monetary Policy Committee of the Bank of Mozambique (CPMO),
meeting in Maputo on Friday, decided to keep the Bank's main interest rate
unchanged.

 

Thus the Monetary Policy Interest Rate (MIMO) will remain 17.25 per cent, at
least until the next meeting of the CPMO, scheduled for late November.

 

A statement from the CPMO said the decision not to raise interest rates
further was taken "because of the worsening risks and uncertainties
associated with the projections for inflation' - despite the forecast that
annual inflation will remain at less than ten per cent in the medium term.

 

 

Annual inflation has been falling - from 5.7 per cent in July to 4.9 per
cent in August. The CPMO attributes this decline to a fall in food prices,
favoured by a longer than usual cool season, in the context of a stable
exchange rate for the metical.

 

But there remain underlying risks, notably pressure on public expenditure,
and uncertainly about the effects of extreme climatic events, against the
backdrop of the continued Russian war against Ukraine, and recent increases
in international fuel prices. The CPMO warned that these factors could
reverse the current trend and lead to an increase in inflation.

 

In the second quarter of 2023, Mozambique's gross domestic product grew by
4.7 per cent, mainly due to the extractive industry, and particularly the
production of natural gas. Liquefied natural gas is now being exported from
a floating platform in the Rovuma Basin, off the coast of the northern
province of Cabo Delgado.

 

Even when the natural gas projects are excluded, the forecast is for
continued economic recovery, despite the impact of climatic shocks on
agricultural production.

 

The CPMO warns that public debt is continuing to rise. Domestic public debt
stood at 321.1 billion meticais (about five billion US dollars, at the
current exchange rate), an increase of 46 billion meticais on the figure for
December 2022.

 

 

 

 

 

Mozambique: - Exxonmobil Remains Committed to Investing in Cabo Delgado

Maput — The US oil and gas giant ExxonMobil remains committed to investing
in the natural gas fields in the Rovuma Basin, off the coast of the northern
Mozambican province of Cabo Delgado.

 

The ExxonMobil management gave this commitment at a meeting in Washington
last week with Mozambican President Filipe Nyusi.

 

On his return to Maputo on Saturday, Nyusi told a press conference he had
discussed with the ExxonMobil executives developments in the fight against
terrorism in Cabo Delgado.

 

"Their problems is when they should resume their activities', Nyusi said.
"They have assessed our successes with a great deal of satisfaction'.

 

 

While in Washington, Nyusi met with the US Secretaryof Defence, Lloyd
Austin, who guaranteed US support in the fight against terrorism, and
against piracy, and other crimes that occur on the high seas, including
illegal fishing, drug trafficking and people trafficking'.

 

"We exchanged impressions, and we have been working with the US in this
area', said Nyusi. "There will be a follow-up to confront those who use our
waters to commit crimes'.

 

As for the meeting he held with his Zimbabwean counterpart, Emmerson
Mnangagwa, Nyusi said this ws an opportunity to appreciate Zimbabwe's
experience in wheat production. He expressed his desire to repeat that
experience in Mozambique.

 

Nyusi also met with one of Mozambique's key allies, the President of Rwanda,
Paul Kagame, with whom he exchange impressions about the security situation
in Cabo Delgado, where Rwandan troops are fighting alongside Mozambican
forces, in the battle against islamist terrorists.

 

 

 

 

 

Tanzania: Spain Expresses Interest in SGR Financing

Madrid — SPAIN, Madrid : SPAIN, through its Export Credit +Agency (ECA), has
expressed an interest in financing the Standard Gauge Railway (SGR)
construction project by providing loans, loan guarantees and insurance to
the country's companies that will build the railway from Makutupora to
Mwanza and from Tabora - Morogoro to Malagarasi.

 

The country's decision comes due to the importance of the project to the
development of the country.

 

The pledge was made in Madrid, Spain, by Secretary of State in-Charge of
Commerce Ms Xiana Mendez, when she held talks with the Finance Minister Dr
Mwigulu Nchemba, where, among other things, they discussed how to strengthen
the bilateral cooperation between the two countries, including the
construction of the massive SGR project.

 

 

She said Spain recognises the importance of the project to Tanzania and to
her country as well, as its completion will increase the value chain of
investment and trade and become a business hub in the African Region.

 

Ms Mendez praised Tanzania's strong economy and robust investment
environment, which has made many companies from Spain wanting to invest and
engage in infrastructure projects that will stimulate Tanzania's economic
growth, including renewable energy.

 

She also promised that her country would open an office in Dar es Salaam due
to increased trade relations between the two countries to facilitate trade
activities.

 

For his part, Dr Nchemba, thanked Spain, through its Insurance Agency, for
showing a willingness to enable Spanish companies to conduct business
activities and build various infrastructure in Tanzania, including the
Railway, through Loans, Loan and Insurance Guarantees.

 

 

"The participation of the Spanish Insurance Agency (Export Credit
Agency-ECA) in implementing the strategic project is essential for the
country's development and the long-term cooperation between Spain and
Tanzania and the development of its people at large," Dr Nchemba said.

 

He said to strengthen relations and preparations for implementing the SGR
funding, the contractor has sought 12 Spanish companies to supply the
equipment used to build the railway and asked the Secretary of State and her
Government, in general, to persuade more companies from the country to come
forward to participate in the construction of the project.

 

Dr Nchemba said the SGR project is vital for Tanzania, because it is a trade
gateway to seven land-linked African and Great Lakes countries that do not
border the waters.

 

He further argued that when completed, the project will stimulate trade,
transport and freight operations and ultimately increase GDP.

 

In addition, Dr Nchemba thanked Spain for funding the construction of
various projects in the country, including the Rural Electricity Project
(REA), water, health, transport, agriculture and the country's Development
Agency through its Development Fund (FONPRODE), that showed interest in
providing funding for the Msimbazi River Basin Development Project, in Dar
es Salaam.

 

More than 3.24 billion US dollars is needed to complete the Standard Gauge
Railway (SGR) construction for the third, fourth, and fifth phases running
from Makutupora to Mwanza.

 

The visit of Dr Nchemba and his delegation to Europe is to meet and hold
discussions with financial institutions and various stakeholders to secure
funding for the railway construction.

 

- Daily News.

 

 

 

 

Tanzania: 276bn/ - to Transform Cities Infrastructure

TANZANIA : THE government has signed contracts worth 276.2bn/- for execution
of the first tier of the Tanzania Cities Transforming Infrastructure and
Competitiveness (TACTIC) project in 12 cities.

 

According to Minister of State in the President's Office - Regional
Administration and Local Governments (PO-RALG) Mr Mohamed Mchengerwa, the
implementation of the project will not only promote the individuals' income,
but also increase the councils' internal revenue collections.

 

Among the cities in which the first tier will be implemented are Arusha City
Council, Dodoma City Council, Geita Town Council, Ilemela Municipal Council
(MC), Kahama MC, Kigoma Ujiji MC, Mbeya City Council, Morogoro MC, Mwanza
City Council, Songea MC, Sumbawanga MC, and Tabora MC.

 

 

Speaking during the signing ceremony with respective contractors in Dar es
Salaam, yesterday, Mr Mchengerwa said PO-RALG through the Tanzania Rural and
Urban Roads Agency (TARURA) is expected to construct more than 140
kilometres of tarmac roads and water drainage systems of more than 20kms in
the identified councils in phase I.

 

"The contracts signed today (yesterday) are for implementing the first tier
of the TACTIC. We expect to construct tarmac roads with a total length of
147.54 km, drains network of 24.66 Km, markets, commuter bus terminals,
installation of street solar lights, among others," the minister pointed
out.

 

Mr Mchengwera added that he is optimistic that the project will improve the
transport and transportation settings, adding that it will also mitigate
various natural disasters, such as flooding, in some areas.

 

 

Moreover, he directed all District Executive Directors (DEDs) in all
councils countrywide to manage well the development projects in their areas
while insisting to take actions against those who will sabotage the project.

 

"If the supervision of these projects will not be going well, I will not
care who you are and how you have been recruited to that position; I will
suspend you... I encourage you to work hard to help Tanzanians and President
Samia Suluhu Hassan.

 

"I am somehow a different person, I will not hesitate to take action any
time since the funds have been already allocated and now the projects have
kicked off. If you fail to manage these projects properly, I will really
take action," Mr Mchengwera underlined.

 

The minister also instructed the contractors to implement the projects on
time, saying, if possible, it should be completed before time so that
citizens can benefit from them.

 

"I want to assure you contractors; there will be no further extension of
time when this agreed period ends," he emphasised while stressing on the
issue of considering value for money.

 

For his part, Chairperson of the Parliamentary Local Government Affairs
Committee Mr Dennis Londo, urged citizens to safeguard the constructed
infrastructure to reduce costs in renovating them, which he said is a burden
to the government.

 

Earlier when briefing on the project, the Project Engineer Humphrey Kanyenye
revealed that the TACTIC is the project implemented by the government
through PORALG for a loan of 410 million US dollars.

 

The project will be implemented in three tiers whereby the tier 1 to involve
12 cities will start in this financial year 2023/24 while the execution of
tier 2 in 15 councils and tier 3 in 18 cities will start 2024/25 financial
year.

 

He also added that the implementation period of the project is six years
from the financial year 2022/2023.

 

- Daily News.

 

 

 

 

Namibia: Windhoek Short of Industrial Land

The Windhoek City Council is grappling with a shortage of industrial land,
prompting the local authority to subdivide a portion of Farm Ujams No. 288
and establishing a new industrial township to be named Ujams Industrial
Estate.

 

In a recent public notice, the city council revealed that Ujams Industrial
Estate will encompass 133 erven.

 

The city council has submitted its proposal to the Urban and Regional
Planning Board.

 

"The main purpose of the township establishment is to create erven that will
cater primarily to industrial needs," reads the notice. The city's
spokesperson Harold Akwenye said the portion on which Ujams Industrial
Estate is being established stretches from Natis andVan Eck power station in
a northerly direction up to Elisenheim.

 

 

"The site earmarked for development is south of the Ujams treatment plant.
The land use will allow for industrial activities in terms of the Windhoek
Planning Scheme and activities similar to what is found in the Lafrenz and
northern industrial areas are expected to be established in the proposed new
Ujams Industrial Area," he said.

 

The proposed township layout is available for inspection at the
municipality's customer care centre.

 

The city council is inviting objections to the proposed development by 29
September. The last industrial development known as Prosperita Extension 1
comprising 71 erven was gazetted on 15 September.

 

Welcoming the proposed development, the Namibia Chamber of Commerce and
Industry (NCCI) Windhoek branch chairperson, Philip Hikumwah, said the city
should make it easier for entrepreneurs to obtain land at an affordable
price.

 

 

He said this would help put the country towards an industrialisation path.

 

"We want the city to come up with innovative ideas that will allow
entrepreneurs to either purchase the land or lease it for purchase. We need
a modality on how to acquire land, not the traditional way of paying for the
land upfront before gaining ownership, so that you can start operating,"
said Hikumwah.

 

He said the city must explore joint venture, land swap and development
agreement strategies.

 

"By being in joint ventures, individuals and organisations can partner and
strategically approach the city to acquire land. This can help them share
costs, decrease financial burdens and pool expertise," he said.

 

According to him, the land swap strategy allows landowners to negotiate a
land swap deal without involving additional financial resources.

 

He said the development agreements would allow landowners or communities to
form development agreements. "These agreements typically outline mutually
beneficial terms that encourage land acquisition for development. It's
wonderful to see such forward-thinking ideas being put into action," he
said.

 

Hikumwah said the city council initiative will also stimulate innovative
industrial activities, especially in the wake of the Covid-19 pandemic.

 

NCCI chief executive officer Charity Mwiya said the concept will alleviate
the burden of expensive space rental for small and medium enterprises
(SMEs).

 

"Many of them cannot afford rent in the middle of the city and this
initiative comes after we tabled a proposal for a mixed urban development
where SMEs can be accommodated," she said.

 

- Namibian.

 

 

 

 

Kenya to Examine Tax Reforms to Maximize Trade Deals With China

Nairobi — The Kenyan government has set foot in signing trade deals with
Chinese exhibitors as it seeks to create a window of business opportunities,
capacity building, and knowledge transfer to Kenyans.

 

Ushering in the sixth Kenya International Industrial Expo 2023, Chinese
exhibitors are delicately looking forward to setting up businesses in Kenya,
aiming to spur the Kenyan economy by increasing export commodities to China.

 

Ronald Meru, the chair of economic diplomacy and vice chairman of the Kenya
National Chamber of Commerce and Industry (KNCCI)- Nairobi said that the
government is particularly interested in tax reform, a plan that will avoid
severe taxation on income and prevent investors from over taxation.

 

 

As one of the Bottom-Up Economic Transformative Agenda (BETA), the
comprehensive tax mend will see a reduction of tax compliance certificates
issued in counties to a minimum of one.

 

"One of our pillars as Kenya National Chamber of Commerce is advocacy...,
So, we work very closely with the government to push policies to ensure that
we are given a very good conducive tax environment"

 

"I know we already engaged with even the parliamentary trade committee to
see how we can put a level playing field in terms of even having one tax
regime such that when you go to the counties you only have one tax-compliant
certificate..., you don't have to have several tax certificates", he said.

 

The KNCCI's conventional move on tax reform is a clear indicator that the
duo (China-Kenya) is on tangible dispense to thrust the industrial commerce
in Kenya.

 

 

A recent report on tax compliance shows that the China-Kenya is on a deal to
sign a Double Taxation Avoidance Agreement, DTA, creating a space for
investors to invest locally and exempt them from double taxation.

 

The signing of the Double Taxation Avoidance Agreement (DTA) between Kenya
and China will reduce operational costs for Chinese investors in Kenya,
which will also apply to Kenyan companies doing business in China.

 

This agreement will facilitate rapid growth in trade and investment between
the two countries and will continue to strengthen the development of
friendly bilateral relations between Kenya and China.

 

"We want to have a unified licensing and tax and licensing model, and these
are the things we want to take down not only to the business community that
is doing high trade, but we're looking at even the small and medium
businesses", Mr. Ronald lauded the government move which he termed as a
great step that will bring a positive trajectory in the business ecosystem.

 

 

China is Kenya's main trading partner and the trade deficit between the two
countries has widened as China's exports to Kenya have increased year on
year.

 

Statistics released by the Kenya National Bureau of Statistics (KNBS) last
month showed that the Kenyan trade deficit with China widened to KES 425.17
billion in the year to March 2022 from KES 370.58 billion a year earlier, an
increase of 15 percent year-on-year; and that the value of China's goods
accounted for 20.27 percent of Kenya's import bill, an increase of 15.23
percent year-on-year.

 

Notably, Kenyan total exports to China have also continued to increase,
growing by 26.09% year-on-year to a total value of Sh21.48 billion.

 

As an expansion of the business and strengthening the bilateral ties between
China and Kenya, the Kenya National Chamber of Commerce said is building an
office in China to enable "Kenyan businessmen to be able to transact and do
business in China"

 

As a key player and a hub of the East African business, many investors have
trooped to Kenya to look for potential business opportunities.

 

Since 2018 to date, the Kenya International Industrial Export has registered
an enormous number of companies that aim to invest in products to export to
the China market and other countries.

 

Gao Wei, the Managing Director of Africa Export Kenya Limited, confirmed
that the number of registered companies has largely grown and still looking
forward to accommodate more exhibitors.

 

"We find our exhibition is really growing..., recalling 2018, we only had 60
companies, and now we have increased from 60 companies to 200 plus", he
noted.

 

Mr. Gao Wei added that the exhibitors getting into the country could
possibly find means to partner and deliberately invest in the Kenyan market
for better business expansion within and outside the country.

 

"Maybe the investors will have an interest in going ahead to registering
their companies to look for partnerships and invest in Kenya, and now at the
moment, we have introduced investment and trade, which I think is very
important for pushing our exhibition to go to another higher level", he
said.

 

Meanwhile, the exhibitors currently registered with the Kenya International
Industrial Expo include construction, machinery, auto parts, green energy,
and chemicals among other sectors.

 

- Capital FM.

 

 

 

 

 

 

 

 

 

 

 

 


 


 


Invest Wisely!

Bulls n Bears 

 

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INVESTORS DIARY 2023

 


Company

Event

Venue

Date & Time

 


 

 

 

 

 


 

 

 

 

 


 

 

 

 

 


 

 

 

 

 


Companies under Cautionary

 

 

 


 

 

 

 


CBZH

GetBucks

EcoCash

 


Padenga

Econet

RTG

 


Fidelity

TSL

FMHL

 


 

 

 

 


 <mailto:info at bulls.co.zw> 

 


 

 


DISCLAIMER: This report has been prepared by Bulls ‘n Bears, a division of
Faith Capital (Pvt) Ltd for general information purposes only and does not
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been compiled from s believed to be reliable, but no representation or
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opinions expressed and recommendations made are subject to change without
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suitable for all investors. Securities of emerging and mid-size growth
companies typically involve a higher degree of risk and more volatility than
the securities of more established companies. Neither Faith Capital nor any
other member of Bulls ‘n Bears nor any other person, accepts any liability
whatsoever for any loss howsoever arising from any use of this report or its
contents or otherwise arising in connection therewith. Recipients of this
report shall be solely responsible for making their own independent
investigation into the business, financial condition and future prospects of
any companies referred to in this report. Other  Indices quoted herein are
for guideline purposes only and d from third parties.

 


 

 


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<mailto:info at bulls.co.zw> bulls at bullszimbabwe.com Tel: +263 4 2927658 Cell:
+263 77 344 1674

 


 

 

 

 

 

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