Finance - Page 11
Cash restriction in Zimbabwe killing thousands of patients
Thousands of patients in Zimbabwe have been hard done by the persistent cash shortages thanks to the unrealistic daily $1 000 withdrawal...
Wall Street crisis traps Uganda
According to reports emanating from Kampala, Uganda, the economic hold back in the US and Europe could naturally affect demand for Uganda’s export.
Coupled...
Oil a serious threat to world peace
Kenyan President, Mr. Kibaki has claimed that the sharp increase in oil prices is fast grinding down gains made by economies of developing countries...
Terrorist attacks further dent Mauritania economy
Following the set back suffered from donor sanctions on Mauritania, the country is struggling to cope with the latest blow dealt them by the...
High electricity cost affecting industrial productivity
As fuel prices have risen so has electricity cost in Kenya and Kenyan industries are now faced with the harsh reality of business closures...
Obama rakes in high approval ratings amid Wall Street crisis
Barack Obama, casting himself as the defender of Main Street in the face of the folly and greed of Wall Street, is drawing ahead...
Nigerian gov’t moves to halt forseeable financial crisis
To ensure that the weak economy of Nigeria is not further affected by the financial rigors emanating from Wall street, the Central Bank of...
Obama-McCain : Economy changes game plan
There have been times in the past few weeks when the US presidential race could have been mistaken for an episode of The Jerry...
West African Monetary Zone gets a heavy lift from ADF
The African Development Bank Group is to support the West African Monetary Zone (WAMZ) payment system development project with a grant of US$23 million...
Reserve bank chief Gono hammered by Tendai Biti
Gidion Gono, the current Reserve Bank boss is set to resign Thursday morning after year of ruining Zimbabwe’s economy with his unorthodox economic policies.
MDC...
African risk investment insurance starts operations
Africa's sole risk insurance body, the African Trade Insurance Agency (ATI), has announced a new partnership with insurance firms across East Africa to cushion...
Angolan elections : Peace at all costs a leeway to commit fraud ?
Angola’s ruling party has left little to chance in its quest to secure a commanding parliamentary majority in elections to be held on Friday...
Unpaid Togo national football coach Henri Stamboli resigns
Togo's national football squad manager, Frenchman Henri Stambouli, has resigned, citing the non-payment of his salary and difficulties encountered in the course of his...
Underfunding threatening UN operations in Somalia
The United Nations relief workers and other humanitarian agencies are struggling to maintain a presence in volatile Somalia, against worsening threats to aid workers...
Doctors and teachers go on strike in Zimbabwe
Doctors at Zimbabwe's impoverished government hospitals are on strike over pay and teachers have threatened to also begin a work stoppage.
"We are demanding viable...
Africa records drastic decline in poverty levels
Africa's efforts to drastically reduce poverty paid off over the last one decade, as a result of consistent upwards economic growth, which exceeded the...
African air travel to cost more as Air France prepares to apply “zero commission” policy
14 African countries, represented by The Federation of Travel Agencies, openly expressed their non-acceptance of an Air France “zero commission” deadline from January 2009,...
Bourse boss chided for raising almost US $1m illegally in Obama’s name
Weighing in on the controversy over the fund raising in Nigeria for Barack Obama's campaign organisation, the country's main opposition Action Congress (AC) party...
Zimbabweans get a new lease on life as duty waiver makes food cheaper
Zimbabweans who have become dependant on cross-border forays to source necessities heaved a collective sigh of relief when the government decided to suspend import...
Exogenous factors fuelling inflation
Namibia's central bank (BoN) said Wednesday that 65 per cent of its inflation was imported, adding that exogenous market forces have dampened authorities' optimism...
Zimbabwe officials releasing false inflation figures
Zimbabwe's annual inflation rate soared to 11.2 million per cent in June,the central statistical agency has said.
"Zimbabwe's annual rate of inflation surged in...
Ethiopian crisis : Who is really to blame ?
Ethiopia has emerged as one of the biggest victims of global inflation after food prices in the country nearly doubled in the 12 months...
A new type of bank fraud uncovered by Police
Police in Uganda have revealed a new wave of crime in financial institutions where bank officials conspire with conmen to siphon money out of...
Uncovering how Zimbabwean tycoon takes advantage of political crisis
John Bredenkamp, the Zimbabwean tycoon linked to £20m of payments made by BAE Systems, has ridden political upheaval to become one of his country’s...
Six month salary freeze after 10 zero currency knock-off
Zimbabwe's central bank chief has urged a six-month price and salary freeze in a bid to rein in runaway inflation, with the country in...
All hell breaks loose as central bank confirms old coins as valid legal tender
Zimbabwe’s Reserve Bank Governor, Dr Gideon Gono’s shock anouncement Wednesday that the long discarded set of coins are still legal tender has...
Billonaires lose their billions
Zimbabwe's central bank, grappling with inflation of more than 2 million percent, Wednesday slashed off 10 zeros from the national currency to make transacting...
Surviving another day in rural-urban Harare
Humans of the civilized world cannot fathom how on earth an average citizen survives in Zimbabwe. What with an inflation rate of more than...
Ghana stock exchange half year performance among Africa’s top markets
Investors on the Ghana Stock Exchange have reaped good dividends in the first half of this year with returns in the region of almos...
Obama’s bipartisan proposal to salvage US economy
Barack Obama on Monday welcomed three prominent Republicans, including two former officials in the George W. Bush administration, to an “economic summit” aimed at...