Finance - Page 12
Teachers threaten to embark on indefinite strike if …
Zimbabwean teachers are currently earning Z60-billion a month — which crudely translates into the price of 12 tomatoes.
So if the illegitimate Robert Mugabe regime...
Defence chief’s confused explanation : shortchange was due to overpayment
Nigeria's Chief of Defence Staff (CDS), Gen. Owoye Azazi, has said the country's soldiers serving in peacekeeping missions are not shortchanged as some soldiers...
Dutch company to make beer more affordable to Kenyans despite tax hikes
Dutch brewer Heineken has re-entered the Kenyan beer market, wielding what it called a 'green-label' specifically designed to appeal to environmentally-minded drinkers.
Heineken, a brand...
34.8% rise in Nigerian banks assets and liabilities in a month
Total assets and liabilities of Nigeria's 24 deposit money banks (DMBs) amounted to 13.6 billion naira at the end of April, representing an increase...
Prime Minister Odinga should resign, says MP
Kenyan parliamentarians Tuesday asked Prime Minister Raila Odinga to resign over the sale of a five-star hotel, but the call forced the Speaker to...
G8 : Playing neatly into the hands of corrupt leaders …
In the runup to the Group of Eight meeting in Japan last week, activists of all stripes were working hard to ensure that their...
Kenyan Finance Minister caught in hotel scandal finally resigns
Kenya's embattled Finance Minister Amos Kimunya resigned on Tuesday amid pressure over his handling of the sale of a five-star hotel. The resignation came...
Sixth fuel price rise in Namibia in less than a year
Namibians would from Tuesday fork out more money on fuel as prices will go up for the sixth time this year - with unleaded...
Looming medical doctor shortage threatens Africa’s future
The United Nations World Health Organization (WHO) has war ned that Africa faces a "dramatic" shortage of physicians by the year 2015.
According to a...
Moroccans concerned as government increases fuel prices
The Moroccan government’s decision to increase fuel prices from July 1st, has aroused concern among Moroccans.
To offset rising oil prices, the Moroccan government has...
Nigeria : President reviews and cuts 2008 Budget
Nigerian President Umaru Musa Yar'Adua has slashed the 2008 national budget by 181 billion naira, according to a bill for the amendment of the...
Mozambique gets debt relief from Portugal
Portugal has cancelled Mozambique's remaining debts to Lisbon, estimated at US$ 393.4 million, accumulated from independence until 2005.
Portugal has cancelled Mozambique's remaining debts to...
New IMF programme to make or break Africa
Under fire from both rich and poor countries for its strict policies, the International Monetary Fund (IMF) launched a new programme, called a Policy...
German company stops production of Zimbabwe banknote paper
A Munich-based company Giesecke & Devrient GmbH, which has been supplying Zimbabwe’s Central Bank with papernote paper has ceased doing so with immediate effect.
The...
South African winemaking a non-pecuniary industry the first 200 years
Take a hard-nosed investment banker out of the toughest business environment there is and transplant him to the gentler, quirkier world of winemaking, and...
Kenyan MPs take to the streets over hotel sale scandal
Kenyan legislators Tuesday held a peaceful demonstration demanding the removal of Finance Minister Amos Kimunya, who is caught in a hotel sale scam.
The MPs,...
Obasanjo’s $13.5 bn power sector fraud and a shady steel company deal
Ahead of the release of the probe panel’s report on the power sector, Speaker of the Nigerian House of Representatives, Mr. Dimeji Bankole, says...
Nigeria unveils plan to develop energy
To effectively meet Nigeria's power needs by 2020, the country will need to spend US$ 85 billion, so said the Presidential Committee on Power...
Nigeria’s agricultural sector gets AfDB and World Bank support
The African Development Bank (AfDB) said it had committed US$ 250 million to the development of the downstream sector of agriculture in Nigeria, according...
Obama’s smart move reveals systemic loophole
More than 30 years ago, following the Watergate scandal, the US provided for the partial public funding of presidential elections. Candidates would get public...
New breed of tobacco farmers come to terms with reality
ZIMBABWE'S new breed of farmers created by Robert Mugabe's chaotic
and violent seizures of farmers from whites are a bitter lot. Those who ventured into...
Nigeria losing record levels of revenue to oil violence
Nigeria loses US$84 million daily to the activities of the militants operating in the Niger Delta oil region, according to Minister of State for...
Obama and McCain fight over campaign funding
Barack Obama on Thursday became the first American presidential candidate since Richard Nixon to rely solely on private money to sustain his White House...
Morocco and US free trade deal rakes in US$2.3 billion
Trade between Morocco and US hit US$2.3 billion in 2007 from US$1.4 billions in 2006, a local newspaper the Economist reported on Wednesday.
The increase...
Investigations into oil block awards begin in Nigeria
Nigeria’s government is investigating awards of oil exploration blocks made in the last days of the administration of Olusegun Obasanjo, the previous president.
...
Nigeria set to be among top twenty global economies
Economic experts Tuesday expressed optimism that Nigeria stands a good chance of achieving the vision of being among the top 20 economies in the...
Nigeria bourse introduces e-dividend payment to settle shareholders
The Securities and Exchange Commission (SEC), the apex regulatory body of the Nigerian capital market, Monday introduced electronic-dividend payment system, which will enable share-holders...
Market downturn as shares trade in 16,044 deals
Investors at the Nigerian Stock Exchange (NSE) Monday staked a total of 8.1 billion naira on 784.8 million shares traded in 16,044 deals ,...
Zimbabwe presidential run-off to be cancelled
Zimbabwe's presidential run-off poll might be scrapped this week in favour of a five-year transitional government.
It is understood that the move would see the...
Egyptian inflation skyrockets
The Egyptian government this week reported that inflation rates in the country rose to over 21 percent in May, as a direct result of...