Finance - Page 15
Nigeria bourse records downturn
Market capitalization on the floor of the Nigerian Stock exchange Tuesday went down from 12.162 trillion naira recorded the previous day to 12.051 trillion...
Namibia : 18 % increase in electricity rates
Namibia's Electricity Control Board (ECB) and power utility NamPower raised electricity tariffs by a whopping 18.06 per cent amid reports that the utility had...
Nigeria’s hard punishmet for Cadbury directors in fraud case
Market operators at the Nigerian Stock Exchange (NSE) reacted sharply to the 13 billion naira financial scandal rocking one of the quoted companies -...
BADEA reschedules US$9.7 million debt
The Arab Bank for Economic Development in Africa (BADEA) has relieved the Government of Sierra Leone of a debt of about US$9.7 million in...
Nigeria Bourse : Investors stake N11.2b on 639.4m shares
Investors at the Nigerian Stock Exchange (NSE) Monday staked 11.2 billion naira on 636.4 million shares traded in 19,003 deals.
Market capitalization also opened with...
African Super-Fund suggested by World Bank
Sovereign wealth funds could provide capital for an African super-fund to channel investment to the continent’s emerging markets, under a plan being considered by...
Nigeria : 8 states get World Bank Loan
The World Bank (WB) has approved a loan of about 17 billion naira (about US$ 145million) for eight states in Nigeria to execute community...
BADEA assesses $43 m projects in Sierra Leone
Arab Bank for Economic Development in Africa’s (BADEA) Director General Abdell Aziz Khelef is on a three-day visit to Sierra Leone primarily to assess...
Nigeria : Anti-corruption agency recovers over $500m in 5 years
Nigeria's Anti-Corruption Body, the Economic and Financial Crimes Commission (EFCC), convicted 250 persons and recovered more than US$ 500 billion in cash and property...
Nigeria : Yar’Adua to sign 2008 budget
Nigeria's President Umaru Yar'Adua will sign into law the country's budget for 2008 on Monday, almost five months after he presented it to the...
Arab bank for economic development in Africa to support Palestinians
The Board of Governors of the Arab Bank for Economic Development in Africa (BADEA) says 10 per cent of its net income of US$...
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
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 %
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...
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,...
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...
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
Nearly one thousand African economic operators started this Thursday in New Delhi, India, discussions with their Indian counterparts, as part of the fourth conclave...
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
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
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
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...
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
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
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
The flotation of Safaricom, a mobile telephone operator set to be the biggest listed company in east Africa, has been dragged into the increasingly...
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...
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...
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
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...