Wednesday, February 6, 2008

West Africa Curent Events Summary

In west africa there are trade agreements being made with europe, however some states are entering the trade agreements and exluding others. People feel like these trade agreements are hurting the goal to drive for Africa's unity. Also there is a problem with the amount of e-waste in Nigeria. E-waste is old or broken computer peices that are being discarded. Nigeia has the largest amount of e-waste. Also the National Insurance Commission (NAICOM) has liquidated 7 insurance companies becasuse the companies have failed to raise their respective capital base in tune with there capitalisation mandate. Also last year in Nigeria the federal government told the oil producers to stop gas flaring by January 1, 2008 or a fine of $3.5 per 1000 standard cubic feet of gas flared. Also in west africa the London Mining Company and the Saudi-based National Mining Company took over the defunct Marampa mines. In Algeria the president Umaru Musa Yar'Adua signed a policy making it so that the suply of gas at the lowest commercially sustianable prices would be facilitated.

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