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News in 'Economy' section

Sierra Leone loses US$30m from illegal fishing

February 20, 2012 Vessels of various sorts ply Sierra Leonean waters

Illegal fishing in Sierra Leone’s territorial waters is costing the country US$30 million in lost revenues annually.

The country has a coastline of 120 sq kilometers.

 

UN assures ECOWAS it’ll help fend off threats to stability

February 18, 2012 President Alassane Ouattara, Ivory Coast

Hours after Ivorian President Alassane Ouattara’s election as the new Chairman of the sub-regional bloc, ECOWAS, the Special Representative of the Secretary-General (SRSG) for West Africa, Mr. Said Djinnit has ‘’reiterated the commitment of the United Nations to support the efforts of ECOWAS in addressing emerging threats to the stability of the sub-region.’’

Ouattara to build 25,000 new schools, recruit 3,000 teachers

February 17, 2012 Ivorian pupils in classroom

The Alassane Ouattara government in the Ivory Coast has laid out an ambitious plan to construct about 25,000 new schools and recruit some 3,000 teachers by 2015 in the war torn nation.

UN warns: Sahel food crisis could be disaster in 3 months if…

February 16, 2012 Sahel Drought

With 12 million people threatened by serious food crisis in the Sahel, the UN Food and Agriculture Organization, FAO has said urgent action must be taken to avoid disaster.

The UN Humanitarian Affairs office said the severe food shortages are said to be largely due to drought, poverty and staple food price hike.

Constraints to sub-regional integration in West Africa

February 16, 2012 Mme Ndioro Ndiaye

The head of a new Non-Governmental Organization set up to promote migration and development has said that the lack of capacity and coordination among stakeholders are constraints to sub-regional integration in West Africa.

Beninese promised better health care, reduced cost by May

February 15, 2012

Benin’s government has set up a new health scheme to make health care available to the population at an affordable cost.

Sierra Leone Bennimix baby food to fight malnutrition in Africa

February 15, 2012 A baby being fed

Sierra Leone is poised to put its rebranded baby food reputed to be higly nutritious, Bennimix on the international market, as Save the Children warned that worsened child malnutrition could hit progress reducing child deaths.

Row over US$30m bail for Ghana business tycoon

February 14, 2012 Ghana business tycoon Alfred Woyome

A Ghanaian business tycoon, Alfred Woyome who was last week arrested for allegedly defrauding the government to the tune of over US$30m, has been granted bail by the country’s High court.

UN, INTERPOL to work on drugs, weapons in West Africa

February 13, 2012 Said Djinnit, Head of UNOWA

A top United Nations official and the Secretary General of International Criminal Police Organization (INTERPOL), Ronald Noble, have agreed to work jointly against transnational crimes in West Africa.

Nigeria plans to double electricity cost by April

February 13, 2012 President Goodluck Jonathan, Nigeria

The Nigerian government has completed plans to almost double the cost of electricity from April 1st this year.

A kilowatt hour of electricity, which costs consumers 10 Naira currently, will soon cost about 19 Naira, an increase of 88 per cent.