- By Karuna Madan ABUJA: The Nigeria Communications Commission (NCC) has said it will disconnect all unregistered Subscriber Identification Module (SIM) cards from their networks within six months. The executive vice chairman of NCC Eugene Juwah said this when he flagged-off the nationwide SIM Card registration on Monday in Abuja. He said there were currently 89 million active lines in the national telecommunication network. "After six months from today, all these lines are expected to be registered," the chairman said. The registration will last for a period of six months and registration centers will be deployed all over the country, he added. According to him,…

- By Karuna Madan HARARE: The Zimbabwean government has given foreign mining firms operating in the country up to 45 days to complete their submission of provisional indigenisation implementation plans so that the indigenisation program in the sector can be completed in the next 6 months. Following months of intensive consultations with stakeholders in the mining sector, an agreement has been made to the effect that foreign owned mining firms should submit their implementation plans as the thresholds for the sector have already been set. Youth Development, Indigenisation and Empowerment Minister Saviour Kasukuwere quoted by ZBC News on Tuesday as saying the decision to give the mini…

- By Karuna Madan HARARE: The Zimbabwean government has engaged local and external financiers in mobilizing offshore loans to assist locals in acquiring stakes in foreign owned companies in line with the indigenisation policy. The engagement with financiers is being made after realizing that the fiscus has not availed such funding despite indigenous people having limited funding. Youth Development, Indigenisation and Empowerment Minister Saviour Kasukuwere said the government is in discussions with interested local banks as well as multilateral financial institutions such as the African Development Bank (ADB) over offshore loan schemes. "The process has reached an advanced s…