Finance - Page 14
Egypt hikes petrol and cigarette prices after salary increase
The Egyptian government passed a bill to raise taxes and fuel prices only days after President Hosni Mubarak proposed a 30 per cent salary...
Obama – Clinton : Fuel price demagoguery deals heavy blow to Hillary
When Hillary Clinton called for suspension of the federal petrol tax this summer to provide relief from soaring energy prices, Dereje Kitle was the...
The safety of African investments and high return rates
Africa is becoming an increasingly 'sticky' in vestment destination for international investors, who no longer cut and run due to local difficulties or when...
Nigerian bourse records downturn
Transactions on the floor of the Nigerian Stock Exchange (NSE) at the end of the past week finished low, as 2.63 billion shares valued...
Nigerians to pay less for higher electricity bills until…
Nigeria's President Umaru Yar'Adua has approved a new tariff for electricity consumption in the country with effect from 1 July 2008, but the government...
No pay raise for disappointed Kenyans
Kenyan workers walked out of a Labour Day celebration disgusted Thursday after President Mwai Kibaki failed to announce a much-anticipated pay raise for them.
The...
Zimbabwe inflation reaches 200% World bank steps in
A World Bank senior official on Wednesday said the international donors are ready to help Zimbabwe's ailing economy recover as soon as the government...
Nigeria moves to tackle food crisis
Nigeria has announced plans to import 500,000 metric tonnes of rice and release an additional 11,000 mnetric tonnes of grains from its strategic reserve...
Nigeria : Senate to review capital market laws
The Nigerian upper legislative chamber, the Senate, has pledged to review the country's investment laws as they affect the capital market in order to...
BADEA lends to Kenya, Mali, Burkina and Burundi
The Arab Bank for Economic Development in Africa (BADEA) Monday in Cairo, Egypt, signed four loan agreements with Burkina Faso, Burundi, Kenya and Mali,...
Nigerian bourse enjoys 11 billion in investments
Investors at the Nigerian Stock Exchange (NSE) Monday staked 11.007 billion naira on 611.5 million shares in 17,589 deals.
Market capitalisation opened with 11.6 trillion...
Tanzania President warns of the consequences of high food and oil prices
High food and oil prices on the world market are challenges to Africa that should be checked to save many economies in the continent...
Nigerian President Yar’Adua and government get pay rise
The Nigerian National Assembly has approved an annual basic salary of N3.5 million (about US$ 30,000) for President Umaru Yar’Adua, according to Friday's edition...
Egyptian President talks about budget plans to fight crisis
Egyptian President Hosni Mubarak has said his government would be keeping a watchful eye on budget expenditures for the near future in the face...
Nigeria bourse records downturn in all-share index
The all-share index went down Thursday at the end of transanctions on the floor of the Nigerian Stock Exchange (NSE) to 60,743,07 from the...
Heavy debt relief for Liberia from the US and Paris club
The United States and other Paris Club official creditors have reached an accord with the Government of Liberia to forgive approximately US$ 254 million...
Investors stake N8.46 bn on equities at Nigerian bourse which records downturn
Investors at the Nigerian Stock Exchange (NSE) Wednesday placed a total of 8.46 billion naira on 476.09 million shares in 16,891 deals.
Market capitalisation for...
UK gives $910m to solve food crisis
The United Kingdom has given 910 million dollars following appeals made by the United Nations to overcome spiraling global food prices in the world.
A...
Capitalization Downturn recorded at Nigerian bourse
Market capitalization on the floor of the Nigerian Stock Exchange (NSE) dropped Tuesday to 11.810 trillion naira from the previous day's figure of 11.854...
Int. finance corporation launches global bond to aid development
The International Finance Corporation (IFC), a World Bank arm which finances private sector investment, has announced the launch and pricing of a five-year US$...
Nigeria financial crimes commission searches for missing senator
The Nigerian Senate has asked the Economic and Financial Crimes Commission (EFCC) to comply with all due processes of law in its search for...
World Bank to grant $1m to curb bird flu in Congo
The World Bank will grant Congo US$1 million to enhance its epidemiological watch in order to fund the action plan to curb bird flu,...
European deal stands to slow African development
A UK-based charity has warned that the controversial Economic Partner Agreements (EPAs) will hurt the poor in the African, Caribbean and Pacific (ACP) countries.
"EPA...
McCain’s honesty questioned
John McCain on Friday faced accusations of hypocrisy for failing to disclose his wife’s tax records, despite his promise to bring greater transparency and...
Kenya to increase electricity tariffs
Kenyans will pay more for electricity from the middle of this year, the Kenya Association of Manufacturers (KAM) announced in its April newsletter on...
BADEA director arrives in Senegal
The director general of the Arab Bank for Economic Development in Africa (BADEA), Abdelaziz Khelef, was billed to arrive in Senegal Thursday as part...
Nigeria : Bank official on infrastructural development and growth
The Managing Director of one of Nigeria's leading financial institutions, the First City Monument Bank Plc (FCMB), Mr. Ladi Balogun, has underscored the need...
McCain competes with Obama and Clinton on economics
John McCain on Tuesday called for federal gasoline taxes to be scrapped this summer as part of a raft of measures to relieve economic...
Togo’s debt written off by African Develoment Bank
The Africa Development Bank (AfDB) has written off Togo's debt owed the Bank estimated at more than 10 billion FCFA, official sources in Lomé,...
France to tackle African economic problems in a Paris meeting
Paris will on 24 April host a symposium to discuss the pr oblems of the African private sector, official sources told panapress on Tuesday.
The...