Finance - Page 13
Zimbabweans get tax relief ahead of elections
The Zimbabwe government Wednesday raised the tax-free income thresh hold for workers 25-fold to Z$25 billion (ZW$2.2 billion=US$1), citing a sharp increase in the...
Mauritius benefits from heavy Chinese investment programme in Africa
Mauritius Finance Minister, Rama Sithanen, has said the plan by the Chinese group ''Tianli'' to invest US$750 million on the Island will transform it...
Parliamentarians cry foul over benefits as King dissolves parliament
Swaziland, a mountainous kingdom of less tham 1,5 million people is today dissolving its Parliament and already current legislators are predicting hard times.
The issue...
Obama reveals McCain’s dangerous economic plan
Barack Obama on Monday described John McCain’s proposed tax cuts as “outrageous” and said they would amount to $5,700bn over the next decade –...
ECOWAS announces positive regional performance
Things are beginning to look up for the 290 million citizens of ECOWAS, with the regional economy turning the corner due mainly to improving...
Zimbabwe inflation flies to 2 million per cent
Zimbabwe’s annual for May galloped to 1 700 000% as the Zimbabwean
dollar continued to crash causing prices of goods and services to skyrocket.
...
First day of month results at the Nigerian bourse
Investors at the Nigerian Stock Exchange (NSE) on the first day of trading for the month of June, Monday placed 7.149 billion naira on...
Africa’s economic growth continues upward trend
Africa's economic growth, estimated at 5.7 percent in 2007, is expected to continue at a slightly higher level of about 5.9 % over the...
Nigeria bourse closes lower for ‘Democracy Day’ holiday
For the second day running, investors at the floor of the Nigerian Stock Exchange (NSE) stuck to insurance stocks as they placed 3.06 billion...
New insurance cover to help Africa compensate investors
Africa's prospective investors will be guaranteed compensations for any losses they incur as a result of political instability in the continent, following a favourable...
Obama – McCain : Turn on lobbyist nightmare on the campaign trail
It is an irony of the 2008 election that the long shadow of Jack Abramoff, the former Republican super-lobbyist, looms over the very man,...
Ghana records increasing mineral revenue amid profit fears
Ghana saw a 17 per cent rise in mineral revenue in the first quarter of this year as it earned US$577.9 million, compared with...
Egyptian Billonnaire to sell Italian stock sale under investigation in the US
Egyptian billionaire Naguib Sawiris said at the World Economic Forum in Sharm El Sheikh that he is currently looking at three American companies to...
Nigeria bourse registers turnover of 3.56 billion shares
Investors at the Nigerian Stock Exchange (NSE) staked a total of 12.6 billion naira on 759 million shares in 15,978 deals at the close...
Afribank Nigeria to develop all branches to international standards
One of Nigeria's leading financial institutions, AfriBank Nigeria Plc, said it had set aside 25.8 billion naira of its last public offer proceeds for...
Mozambique : Macau and Portugal invest in banking
A new Mozambican bank with capital from China's special Administrative Region of Macau, as well as from Portugal and Mozambique, will open later this...
Nigeria loses over 1 billion US dollars to fuel vandalism
Nigeria lost 150.5 billion naira to fuel pipeline vandalisation between 2000 and 2007, according to a report by the Petroleum Product Marketing Company (PPMC),...
Zimbabwe’s record breaking denominations get a boost
Zimbabweans today woke up to two sets of news.
from our correspondent in Harare
Firstly, the much awaited presidential run off would only...
Ordinary Zimbabweans feel the strain of an economic rot
Zimbabwean government last night suspended import duty on some basic commodities, including cooking oil and flour, in response to a sharp spike in prices...
South African Stanbic and Kenya CFC Banks to Merge
A meger deal between Kenya's largest financial service providers, CFC Bank and its subsidiaries, with South Africa's Stanbic Bank, is in its final stages....
Reserve Bank of Zimbabwe swathed in ‘legal’ corruption
Zimbabwe’s Reserve Bank boss Gideon Gono is struggling to stay out of
trouble. This time the controversial governor is embroiled in shares grab that has...
Namibian Anti money laundering and Financial Intelligence Act soon effective
Namibia's first ever anti-money laundering law will become effective in July, paving the way for monetary authorities and law enforcement agencies to effectively monitor...
Kenyan President raises millions of dollars for IDPs and appeals for more help
Kenyan President Mwai Kibaki Monday launched a national initiative to raise funds for the resettlement of the internally displaced persons, raising US$7,491,803 within just...
Liberia charges Gyude Bryant and two others with economic crimes
The Liberian government has indicted former head of s tate, Gyude Bryant, along with two legislators and two former officials of the Liberia Petroleum...
African economic growth to continue upward trend
Strong growth in Africa's gross domestic product is expected to continue in 2008 and 2009, according to Louis Kasekende, the chief economist at the...
European Investment Bank lends €12.5m to SA steel industry
The European Investment Bank (EIB) is lending EUR 12.5 million to Safal Steel to support the establishment of a Greenfield metal coating production facility...
Kenya : Persisting food crisis despite end of drought
The rains have started falling in northeastern Kenya, but this alone is unlikely to immediately resolve the food problems facing the mainly nomadic families...
Nigeria Bourse : 12.5 billion naira on 541.2 million shares
Investors at the close of trading on the floor of the Nigerian Stock Exchange (NSE), Wednesday placed a total of 12.5 billion naira on...
Foreign Exchange rates skyrocket in Zimbabwe
Exchange rates in Zimbabwe, artificially fixed by the government for a long time, shot up sharply on Wednesday after the central bank liberalised them...
Cocoa farmers in Ghana get a boost
Ishmael Musah has always wanted to ascend to the highest academic level available in Ghana but blames the death of his father, a former...