Aug 25, 9:35 AM EDT Newsletter Signup BusinessTechnologyWorldNationalMedia & CultureOpinionSportsLuxury World By AFP News 08/25/19 AT 9:16 AM South Africa has impounded a plane belonging to Tanzania's national carrier over a farmer's $33-million compensation claim for his land which the Tanzanian government nationalised decades ago, a lawyer said Sunday.The Air Tanzania aircraft was seized on Friday at Johannesburg's OR Tambo International Airport after it landed during a scheduled flight from Tanzanian economic capital Dar-es Salaam.Lawyer Roger Wakefield of Werksmans Attorneys said the seizure followed an order granted by the High Court in Johannesburg on Wednesday.In the 1980s, Tanzania's government nationalised a massive, privately-owned bean and seed farm, seizing everything including equipment, 250 cars and 12 small planes.The Namibian-born Tanzanian farm owner, who the lawyer refused to name, was awarded $33 million in compensation in the 1990s -- but the government … [Read more...] about S.Africa seizes Air Tanzania plane over unpaid farm claim
Tanzania business news
IAID yields 11 business deals worth US$822 million
The business deal value showed that Indonesia's intention to be closer to Africa was not just political statement, but it was followed with concrete cooperation, Indonesian Foreign Affairs Minister Retno LP Marsudi said here on Tuesday. "This is indeed followed with concrete things, (and) participated in by one Indonesia incorporated unit comprising the government, ministries, BUMN (state enterprises), and private companies," Retno Marsudi said. The majority of the business deals are infrastructure projects, such as construction of La Tour de Goree Tower worth US$250 million in Dakar, Senegal; a housing construction project worth US$200 million in Songon, Côte d'Ivoire; and a bulk liquid terminal construction project valued at US$190 million in Zanzibar (Tanzania). The three projects are to be carried out by PT Wijaya Karya (WIKA) with funding supported by Indonesia Eximbank. Related news: WIKA eyes construction projects in Africa worth over Rp2 trillion Related news: INKA … [Read more...] about IAID yields 11 business deals worth US$822 million
BUSINESS NEWS IN BRIEF 25/3
Trade turnover touches US$100 billion in first quarter Vietnam’s total trade turnover amounted to US$100 billion between January and March 19, according to Vietnam Customs. Recently-released statistics from the General Department of Vietnam Customs show that the country raked in US$10.95 billion during the first half of March, with many export staples enjoying a sharp increase in value. The figure helped to lift the country’s total turnover of exports to US$47.05 billion by March 15, an on-year rise of 5.4 per cent. A number of exports recorded a strong rise in value across the reviewed period. They include telephones and components, garments and textiles, computers, electronic items and components, wood and wooden products, and means of transport and spare parts. Meanwhile, imports reached a total of US$21.3 billion during the first half of March, bringing the total import value to US$93.6 billion by March 15. The figure edged up to US$100 billion by March 19, a surge of … [Read more...] about BUSINESS NEWS IN BRIEF 25/3
It turns out that, amid a whole lot of terrible, 2018 brought some good news for the environment, too
Can’t prove this, won’t even try, but the turn of this new year seemed to bring an unusually robust flow of retrospectives on 2018 as a year of good news for our terrestrial environment and the people who care about it. Can’t explain that but will speculate that it may have something to do with the year’s bad news being so very bad, especially in the realm of climate change: its accelerating pace and proliferating impacts; the deepening concern about feedback mechanisms, already under way, that are poorly understood but are likely to proceed even if greenhouse-gas emissions could be brought down rapidly. Still, last year’s good news does deserve more attention than it received in most ongoing coverage, including my own. So as a time-conserving service to you, dear readers, I devoted a fair chunk of time to sifting all such compilations I could find; what follows is a selection of the positive developments that struck me as having the most merit, with extra … [Read more...] about It turns out that, amid a whole lot of terrible, 2018 brought some good news for the environment, too
Government News 22/12
Vietnamese, Lao border localities share experience in religious affairs At the conference Vietnamese and Lao localities along the shared border discussed religious affairs during a conference in Vietnam’s central province of Thua Hien-Hue on December 21. The event, held by the Government Committee for Religious Affairs and the Ministry of Home Affairs of Vietnam and the Lao Front for National Construction Central Committee, aims to build a shared border of peace, stability and development. Delegates agreed on the need to intensify the communication work among border residents, including religious followers, to promote the fruitful neighbourliness, traditional friendship and comprehensive, long-term, sustainable cooperation between the two countries. The two sides should create conditions for religious dignitaries and followers to exercise their religions in line with law of each country, enhance information exchange and join hands in ensuring political … [Read more...] about Government News 22/12