Finance - Page 10
Economy : The determining factor of US November 4 polls
A US political analyst has said only the candidate that is able to convincingly articulate his economic and foreign relations policy will win the...
Several Chinese arrested for flouting currency regulations
A Chinese businessman in Namibia is in danger of losing the equivalent of more than N$4,5 million to the State after he pleaded guilty...
President Boni Yayi criticises IMF unfairness towards Africa
Benin President Boni Yayi on Tuesday denounced in Cotonou the operations of the International Monetary Fund (IMF) saying these were detrimental to the...
Bio-fuel production disappoints a Maasai village
Kenyan rural farmers who opted to invest all their savings into growing oil seeds now fear they might have chosen the wrong venture as...
Money Burning, A new money-making trick in Zimbabwe
Zimbabwean's have become a very imaginative lot. Each time the Reserve Bank imposes daily cash withdrawal limits new methods of withdrawing
millions are...
MP’s battle with US $5 salaries and a broke Parliament
After only seating for less than two weeks, Zimbabwe’s parliament has been forced to adjourn until November 11 as it has run out of...
S A to offset growth rate by borrowing more for infrastructure
South Africa is to put its 15-year-old strategy of fiscal prudence to the test after it announced a sharp rise in borrowing to fund...
Africa working towards a single market
The just concluded Tripartite Summit ended with 26 countries seeking to merge their economic blocs into a single regional market, proposed to be the...
Migrant workers outnumber Equatorial Guineans
Latest statistics reveal that more than 300,000 people in Equitorial Guinea are from outside the country, with the majority of the migrants arriving illegally...
Central Bank of Nigeria moves to save crumbling banks
According to reports, the Governor of the Central Bank of Nigeria (CBN), Professor Chukwuma Soludo, has vowed to the Nigerian Senate that no bank...
When the US, UK and EU do what poor countries were told not to do
Mr Lawrence Bategeka, a fellow at the Economic Policy Research Centre at Makerere University in Uganda, has suggested that there was indeed a strong...
A child dies every six seconds of hunger
With the world in financial turmoil, UN officials are drawing global attention to another global crisis, hunger, which they said affects millions daily and...
Central Bank governor says crisis ahead if oil prices drop below …
Governor of the Nigerian Central Bank has warned that the country’s financial reserves may not be enough to carry the country through any financial...
Nigerian senate to meet over president’s budget proposal
The disagreeing assembly room of the Nigerian senators will today hold a joint conference meeting to resolve their differences over President Umaru Yar’ Adua’s...
Ethiopian paper condemns African leaders declaring themselves Caesars for life
Africa needs to cultivate a new breed of political leadership and put to an end to the current trend of regimes perpetuating a semblance...
AIG in Africa stronger than ever
The growth prospects of the American Insurance Group (AI G), which went through turbulent times and was bailed by the US government, looks stronger...
Strikes, salary arrears, price hikes, bribes freeze Guinea Bissau
The National Union of Guinea-Bissauan Workers (UNTG) has declared a three-day strike; nurses, doctors and civil servants, have been striking over salary sums unpaid,...
Gov’t clamps down on charcoal producers, leaves no alternative
Since Malawi’s independence from the British in 1966, charcoal production has been against the law, and the government is once again clamping down on...
Crude Oil price falls unsettling Nigerian financial planners
Nigeria’s budget makers have nursed fears that the plummeting oil prices might weaken ridges for the Nigerian 2009 financial plan, which would soon be...
Free education for all in Togo makes administrators anxious
The government of Togo has invested more than US$80 million in the education system and relinquished primary school fees. Primary school students have however...
Big tax cuts in Kenya to save jobs
The economic impact of high electricity costs in Kenya has seen the government opt to get rid of Value Added Tax from mass fuel...
Flights cancelled as pilots call in sick
Air Zimbabwe pilots on Friday went on strike in a row over pay and conditions, marking the first walk-out by the airline's pilots in...
USA slowly advancing towards a third world conflict zone
Is the USA gradually attaining the status of a third world country, financially ? Desperately in need of economic assistance, could the United States...
Jean Ping in brussels to discuss France’s request for El Bashir’s case
The President of the Commission of the African Union, Jean Ping, arrived Brussels Tuesday where he takes part, Wednesday, in a joint meeting of...
Nigeria’s 48th birthday : Shall we blow the candles or leave them to burn ?
Nigeria is 48 years old now. We have indeed come a long way, 48 years of holding unto the mantle since the British passed...
Ramadan feast drives food prices through the roof
After the Ramadan fast, Muslims of the Northern Nigeria have complained of their inability to afford the food items with which to break the...
Kenyan minister addresses growing oil concerns
The Kenyan media last week went all out against foreign multinational companies that dominate the oil industry as the government launched a campaign to...
Africa gets $125m in risk capital investments
The GroFin Africa fund has agreed to invest its newly realised $125m in risk capital investments and other business support to five African countries,...
New Zimbabwean dollar causes another stir
THE Reserve Bank of Zimbabwe has brewed another shocker when it unveiled new $10 000 and $20 000 notes this morning.
This coincides with the...
16 billion dollars raised in anti-poverty summit
UN chief Ban Ki-moon has revealed that the United Nations has realised a total of roughly 16 billion dollars, in the UN summit that...