Finance
Argentine orders the evacuation of Libertad ship by Ghanaian authorities
The navy training ship seized by the Ghanaian authorities earlier this month has received orders to evacuate the over 300 sailors on board.
The...
France provides financial aid to DR Congo to assist the homeless persons
France has provided a financial aid of one million Euros to the World Food Programme (WFP) in order to support emergency operations in the...
The Global Fund Welcomes U.S. Budget Allocation of US$1.05 billion for 2011
Geneva – The Global Fund to Fight AIDS, Tuberculosis and Malaria warmly welcomed passage of the continuing resolution for the Fiscal Year 2011 U.S....
Zambia: President accused of bill amendment to get money
President Rupiah Banda of Zambia is concerned with his bank balance and has embarked on a campaign that would ensure a comfortable pension as...
Finding Gaddafi’s hidden fortune
The Gaddafi clan's opaque financial empire has been ingeniously created by virtue of a complex fragmentation of accounts and investments; A strategy designed to...
Ethiopia, Nigeria, DRC to get increased aid from UK
Ethiopia, Nigeria, and the Democratic Republic of Congo will receive more direct development aid from the United Kingdom as the aid to other countries...
Egypt and Tunisia: Economic turmoil after revolution?
Shortly after revolting against their autocratic leaders, Tunisians and Egyptians are droning in the aftermath of their uprisings. The political uncertainty in Tunisia after...
Crisis hits Ivory Coast economy
Laurent Gbagbo, one of the two presidents of the Ivory Coast, has accused Washington of supporting his rival, Alassane Ouattara. He has also accused...
China ranks as world’s 2nd largest economy
China has overtaken Japan as the world's second-biggest economy.
Japan's economy was worth $5.474 trillion (£3.414 trillion) at the end of 2010, figures from Tokyo...
Africa: A man without a job has no status
For 17 years Peter worked as a machine operator in a South African textile plant. It was not high-paying work, but it paid the...
Mubarak’s billions and a lot of hungry Egyptians
President Hosni Mubarak and his family could own as much as 70 billion U.S. dollars in assets against a backdrop of millions of hardworking...
Ivory Coast: A battle over financial signature
Philippe-Henri Dacoury-Tabley, Governor of the Central Bank of West African States (BCEAO), was forced to resign over the weekend by the Conference of Heads...
Ethiopia: Devalutation and speedy growth breed economic chaos?
Ethiopian Government and entrepreneurs seem to have found a common ground to find a solution to a recalcitrant double digit inflation after the former...
Zimbabwe workers set to cripple fragile economy
Zimbabwean civil servants who number more than 200 000 have issued a seven day ultimatum to the crisis ridden inclusive administration over salaries.
Zimbabwean civil...
Piracy in Somalia and Nigeria cause collapse of financial institutions
Somalia, Nigeria and the Gulf of Guinea, and the Malacca Straits cost the Global economy about $12 billion a year from piracy operations, experts...
Chinese inflation shows up in exported goods
When garment buyers from New York show up next month at China’s annual trade shows to bargain over next autumn’s fashions, many will face...
Facebook scores $500 million cash infusion
Everyone wants a piece of Facebook Inc.
News that investment bank Goldman Sachs Group Inc. and Digital Sky Technologies, a Russian Internet investment firm, will...
Africa’s MDG Quagmire: Moving beyond the goals
The Millennium Development Goals are likely to remain important for the long-term task of eradicating poverty beyond 2015. But development policy is being challenged...
Retailers offering fewer post-Christmas discounts
The post-Christmas rush was on at malls and other retail venues, but many shoppers right away noticed something missing: the huge discounts that made...
Nigeria: Funds from China fuel China-Africa debate
Nigeria has embarked on improving its infrastructure by securing funds from China to finance rail and communication projects despite mixed reactions towards China’s growing...
Citigroup fears new wave of eurozone bank failures
Professor Willem Buiter, the bank’s chief economist and a former UK rate-setter, said the eurozone is paralysed by a "game of chicken" between the...
Nigeria: Charges against former US Vice President dropped
Talks between high-ranking officials from energy firm Halliburton and Nigerian government officials over charges of bribery brought against former U.S. Vice President Dick Cheney...
Wesley Snipes goes to prison
Actor Wesley Snipes heads to a Pennsylvania prison Thursday to begin a three-year sentence for failing to file tax returns.
The 48-year-old actor has until...
Millions in Tanzania and Malawi using mobile phone banking
In African countries such as Tanzania and Malawi, mobile telephones are taking a first step into the formal financial system. Almost 1 million active...
African entrepreneurship and private equity gather international interest
“From that very modest beginning, he has had a series of steppingstones where one thing has led to another. Now Austin’s company has revenues...
What the World Bank should know about Ghana’s Success Stories
Two decades ago, the rest of the world saw Africa as a hopeless continent. Today Ghana is one of Africa's success stories. Its...
Nigeria: Oil companies, Shell and Halliburton, to be questioned
Nigeria's anti-graft Economic and Financial Crimes Commission (EFCC) have summoned Royal Dutch Shell PLC and oil service firm Halliburton for questioning after the oil...
Zimbabwe’s “juice card” economy
After announcing to Zimbabweans in 2009 that cigarette and alcohol taxes had sustained their crumbling economy, despite the country's vast untapped diamond reserves, Finance...
Zimbabwe: Tendai Biti cuts Mugabe’s election budget request
Crucial elections in troubled Zimbabwe are now closer to reality after
Finance minister Tendai Biti on Thursday, November 25 set aside under
Treasury an “unallocated contingency...
South Africa’s cabinet wage bill at all time high
An Independent Commission for the Remuneration of Public Office Bearers is awaiting Jacob Zuma’s approval after recommending that South African Vice president Kgalema Motlanthe’s...