Finance - Page 14

Northern Nigeria suffers both fuel and food shortages

Northern Nigeria suffers both fuel and food shortages

With massive fuel shortages in the north of Nigeria since mid March, transport costs have doubled exacerbating food prices. “Until last week I had...
A 50m dollar bill and MDC’s first promised sack

A 50m dollar bill and MDC’s first promised sack

The Reserve Bank of Zimbabwe (RBZ) today introduced a new Z$50 million note to deal with rampant shortages of cash in an economy...
Zimbabwe : Inflation at 165 000 %

Zimbabwe : Inflation at 165 000 %

It seems it never rains, but pours for Zimbabwean President Robert Mugabe. Hours after elections officials Thursday declared his party had lost for the first...
Flag of Mozambique

Air Corridor in trouble

The private Mozambican airline Air Corridor may never fly again because its two Boeing 737s are grounded in South Africa with serious safety problems,...
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Mozambique’s economy declared satisfactory by IMF

The International Monetary Fund (IMF) on Tuesday declared that the performance of the Mozambican government's reform programme in 2007 was "satisfactory", despite missing a...
Religion (illustrative)

God’s Trade, Economics of judaism, christianism and islam

Philippe Simonnot, graduate of the Institute of Political Studies of Paris, Doctor of Economics, Director of The Observatory of Religions, senior fellow of the...
India and Africa in economic co-operation

India and Africa in economic co-operation

Nearly one thousand African economic operators started this Thursday in New Delhi, India, discussions with their Indian counterparts, as part of the fourth conclave...
Religion (illustrative)

In Europe, God Is (Not) Dead

Stockholm - Late last year, a Swedish hotel guest named Stefan Jansson grew upset when he found a Bible in his room. He fired...
Cameroonian ministers arrested for corruption

Cameroonian ministers arrested for corruption

The police in Cameroon Monday arrested two former Ministers on alleged graft charges, police sources said. The police in Cameroon Monday arrested two former Ministers...
Algerian production declines

Algerian production declines

The Algerian industrial production dropped again by 1.6% in 2007, after the 0.3% decline in 2006, according to figures issued by the National Statistics...
Turkey becomes the 25th AfDB non-regional member

Turkey becomes the 25th AfDB non-regional member

The Board of Directors of the African Development Bank (AfDB) Group has approved Turkey's application to join the Bank Group, a statement issued by...
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AfDB and Japan to build hospitals in Africa

At least three hospitals will soon be built in Africa thanks to a funding from the African Development Bank (AfDB), the head of the...
Obama reveals Clinton’s economic history

Obama reveals Clinton’s economic history

Barack Obama on Thursday laid much of the blame for America’s unfolding credit crisis on the financial deregulation of the 1990s in his hardest...
Cameroonians get pay rise

Cameroonians get pay rise

The 15 per cent salary increase announced by the Cameroonian government after last February's riots will come into force in April 2008, according to...
Kenyan politics disrupts sell-off

Kenyan politics disrupts sell-off

The flotation of Safaricom, a mobile telephone operator set to be the biggest listed company in east Africa, has been dragged into the increasingly...
Flag of the Democratic Republic of the Congo

Mining contracts under review

The government of the Democratic Republic of Congo ( DRC) has set up a panel to review mining contracts, Mining Minister Martin Kabwelulu said...
Flag of the Gambia

Debt relief for The Gambia

The Board of Directors of the African Development Fund (ADF) on Wednesday in Tunis approved debt relief of US $ 22.77 million in nominal...
Money

Funds for Great Lakes reconstruction to be managed by AfDB

The Board of Directors of the African Development Fund (ADF) on Wednesday in Tunis approved a proposal for the Bank Group to administer and...
Yar’Adua gets tougher as two ministers get the sack

Yar’Adua gets tougher as two ministers get the sack

Umaru Yar’Adua, Nigeria’s president, has sacked two ministers on suspicion of stealing public funds, a sign he is adopting a more assertive style after...
Strike fears bolster artificial fuel shortage

Strike fears bolster artificial fuel shortage

The long fuel queues that surfaced in Nigeria's economic capital city of Lagos Tuesday is artificial and will soon disappear, sources close to the...
Man holding a flag of Nigeria

Nigerian bourse: Downturn in market capitalization

Trading on the floor of Nigerian Stock Exchange (NSE) resumed Tuesday after the long holidays, declared by the Nigerian government to mark the Easter...
Huge price cuts ordered

Huge price cuts ordered

Mr Robert Mugabe has summoned business executives today to discuss the reduction of prices of goods and services to February 12 levels when...
Egypt : Professors strike

Egypt : Professors strike

Egyptian university professors demonstrated and held a one-day strike on Sunday demanding higher wages. The professors are the most recent professional group to call for...
Man holding a flag of Nigeria

Nigeria’s economic summit scheduled for October

Nigeria's 14th Economic Summit will hold 22-24 October 2008 in the capital city Abuja with the theme: "The race to 2020: The realities, the...
Mugabe goes shopping

Mugabe goes shopping

The Zimbabwe government under President Robert Mugabe has embarked on a borrowing and spending spree ahead of Saturday’s presidential and parliamentary elections. By Tony...
Flag of Kenya

Kenyan industrialists want EAC to define relations with Comesa, SADC

A year before the five East African Community (EAC) members amalgamate into a single trading bloc with a common currency, the Kenyan business community...
Index connects with Africa’s economic upsurge

Index connects with Africa’s economic upsurge

Africa, particularly sub-Saharan Africa, has for decades been thought of as, at best, a volatile investment opportunity with the glamour and extreme risk of...
China’s dilemma

China’s dilemma

Overseas investment by Chinese companies in countries such as Sudan has damaged and in some cases “hijacked” Beijing’s foreign policy, diplomatic scholars in the...
ECOWAS Trade Fair ends, Cote d’Ivoire to host next edition

ECOWAS Trade Fair ends, Cote d’Ivoire to host next edition

The 5th ECOWAS Trade Fair rounded off in Ouagadougou, Burkina Faso, Saturday with the organisers giving the mandate to host the next edition in...
Oil workers in Nigeria to strike…

Oil workers in Nigeria to strike…

Nigeria's white-collar oil workers union, PENGASSAN (Petroleum and Natural Gas Senior Staff Association of Nigeria), has threatened to embark on an indefinite strike that...