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Mozambique: Cheap rail travel boosts cross-border trade

MAPUTO Thursday, September 04, 2008 (IRIN) - Angelina Sidumo is one of the hundreds of traders that throng the busy train station in the Mozambican capital, Maputo, on most Wednesday afternoons to catch the once-weekly train south to Chicualacuala town in Gaza Province, an 18-hour journey covering nearly 500km. Like any seasoned traveller, Sidumo knows that the train, run by Portos e Caminhos de Ferro de Mocambique, or Mozambican Ports and Railways, will start at least three hours late as...

Profit-taking hits Egypt stocks, ending 4-day rally

CAIRO: Egypt's benchmark stock index sank over 4 percent on Monday as a bout of profit-taking in market heavyweights such as Orascom Telecom cut short a four-day rally ahead of a long Muslim holiday. Shares in the regional mobile operator shed 7.35 percent to last trade at LE 23.70 ($4.30). Orascom Construction Industries, Egypt's largest listed builder, lost 6.34 percent to LE 121.90. Overall, the benchmark CASE 30 index dropped 4.36 percent to 4,022.58 points while the rival Hermes index...

Concerned Farmers Appeal to GGC to Start Trade Season

Theregional agricultural co-ordinator (RAC) for Western Region, Mr. EbrimaM.L. Saidy, has said that the prerequisite of efficient and economic paddyproduction is adequate control of drainage and irrigation throughout theseason. Mr. Saidy made these statements while giving lectures on watermanagement in irrigated rice in a three-day in service training session forsubject matter specialists (SMS) under the department of extension servicesheld in Jenoi on recently. Accordingto Mr. Saidy, drainage...

First Ethio-Chamber In't Trade Fair Opens

The first Ethio-Chamber International Trade Fair did not attract as many participants as anticipated. Of the 150 participants that registered for the event, close to 50 showed up on opening day. Foreign companies exhibiting at the fair included those from China, India, Egypt, Iran and Turkey.

Pushed to the brink by inflated egos

The incident where a brother of Trade Assistant Minister Omingo Magara confronted Foreign Affairs Assistant Minister Richard Onyonka within Parliament precincts, last week, was the climax of a battle of supremacy in Kisii.

Ending Poverty: Moving Beyond More Aid and Fair Trade

The current economic system, based on increasing economic growth as the overarching solution to fighting poverty is ineffective and unsustainable. The key to tackling poverty and inequality must come from a change in principles and priorities.

Landslide UN vote in favor of Arms Trade Treaty

Today 147 states at the United Nations voted overwhelmingly to move forward with work on an Arms Trade Treaty (ATT). The Control Arms campaign, which represents millions of campaigners around the world welcomed the vote but called for more urgency from states to advance the process quickly and ensure a strong Treaty with human rights and development at its heart. 145 states supported for the Treaty and 2 others subsequently added their names, an increase on the 139 states who voted to start...

World’s Parliamentarians urge UN to back Arms Trade Treaty

Over 2000 MPs from 124 states in urgent call to Control Arms Tomorrow [Monday 20th October] the United Nations will receive the demands of over 2,000 parliamentarians from 124 countries for urgent progress towards negotiation of an effective international Arms Trade Treaty (ATT) to help save lives and prevent grave human rights abuse and the ongoing destruction of livelihoods. With over 1,000 people being killed every day by armed violence, the parliamentarians have shown their support for an...

GUINEA: Drug trade “potentially more dangerous than Guinea-Bissau”

Guinea has become a major drug-trafficking hub and the trade there is now potentially more dangerous than in Guinea-Bissau, according to Antonio Mazzitelli, regional representative of the UN Office on Drugs and Crime. “The [drug trafficking] situation is more complex and more dangerous now than in Guinea-Bissau based on the information we have,” Mazzitelli told IRIN. International drug traffickers from Colombia, Venezuela, Nigeria and Spain, among other countries, have moved their trade up...

Arms Trade Treaty could fail without human rights

Every year,more than 300,000 people are killed with conventional weapons. Millions more are injured, abused, forcibly displaced and bereaved as a result of armed violence. Many of the weapons used to commit these violations are sourced on the poorly regulated international arms market. Amnesty International's new report, Blood at the Crossroads: Making the case for a global Arms Trade Treaty, uses nine detailed case studies of the catastrophic human rights consequences of unrestrained arms...