Finance - Page 15

Billion dollar fraud charges levelled against defector

Billion dollar fraud charges levelled against defector

Dumiso Dabengwa, who defected from Mugabes's Zanu PF recently faces an investigation on abuse of billions of Zimbabwean dollars. from our...
Flag of Mauritania

Hydrocarbon market opacity condemned by Oil Operators

Star Oil operators (the leader on Mauritanian and Malian markets) and Total have denounced the "conditions of opacity" in which M auritania's oil product...
HSBC Tower

HSBC eyeing expansion in sub-Saharan Africa

HSBC is looking at expanding its presence in sub-Saharan Africa as the region becomes increasingly significant for its Asian and Indian clients. HSBC is looking...
Bourse merger for Nigeria and Ghana

Bourse merger for Nigeria and Ghana

Talks are underway for the integration of the Nigerian Stock Exchange (NSE) with that of Ghana, such that an investor in each of the...
Man holding a flag of Nigeria

Nigerian bourse market capitalisation upbeat

Market capitalisation on the floor of the Nigerian Stock Exchange (NSE) Thursday went up to 12.495 trillion naira from 12.490 trillion naira recorded at...
Telecom Egypt reports profit for 2007

Telecom Egypt reports profit for 2007

Egypt's leading telecommunications company, Telecom Egypt, Thursday reported an increase in profits for 2007. Telecom Egypt, the country's semi-private telecommunications company, said that net profit...
Mugabe pumps huge sums into vote buying strategem

Mugabe pumps huge sums into vote buying strategem

Zimbabwean President Robert Mugabe, fighting for political survival in a tricky poll in two weeks, Wednesday ordered the government to award huge salary increases...
Scandal looms in Nigerian power sector

Scandal looms in Nigerian power sector

In a development that will surely be latched onto by the opposition, a parliamentary probe of how the immediate past Nigerian administration frittered away...
Religion (illustrative)

Islamic Solidarity Fund now operational

A microfinance programme of about 500 million dollars for the Least Developed Countries of the Islamic Ummah has been adopted by the governing body...
Flag of Namibia

US$ 275 million to be raised by Paladin Energy

Paladin Energy said Tuesday that it would go to the market to raise US$ 275 million through convertible bonds to fund the Namibian uranium...
Cameroonian journalists may get pay rise

Cameroonian journalists may get pay rise

After two and a half years of negotiations, stakeholders in Cameroonian media circles have agreed to sign a number of agreements which will, among...
African Development Bank’s progress on women’s issues

African Development Bank’s progress on women’s issues

[ The African Development Bank (AfDB)-> Group has made tremendous progress on gender issues over the last three years and enhanced the status of women...
South Africa: Dlamini Zuma concludes official Swiss tour

South Africa: Dlamini Zuma concludes official Swiss tour

South African Foreign Minister Dr Nkosazana Dlamini Zuma on Monday concluded her five-day official visit to Switzerland by officially opening a trade investment road...
Nigerian bourse market opens week trading down-turn

Nigerian bourse market opens week trading down-turn

Market capitalization on the floor of the Nigerian Stoc k Exchange (NSE) opened Monday on a down-turn note, with 12.539 trillion naira f r...
1b naira insurance cover for public buses in Nigeria

1b naira insurance cover for public buses in Nigeria

One of Nigeria's leading financial institutions, Cornerstone Insurance Plc, has been appointed to provide comprehensive insurance cover for the 100 buses of the Lagos...
AfDB grants loans to Ghana, Tanzania for energy projects

AfDB grants loans to Ghana, Tanzania for energy projects

The Governments of Ghana and Tanzania have signed agreements for loans and grants with the African Development Bank AfDB totalling US$ 98.8 million to...
Single currency for west africa to begin

Single currency for west africa to begin

The common currency for five West African states, the ECO, whose launch has been postponed twice already, will become legal tender at the end...
Development banks more and more efficient

Development banks more and more efficient

Six major multilateral development banks (MDBs) have released the third report of their Common Performance Assessment System (COMPAS), a statement by the African Development...
Cameroon: Crisis continues as inflation surges

Cameroon: Crisis continues as inflation surges

Only a few crumbs were left on the counter at the Boulangerie du Rail delicatessen in Douala after looters swept the shelves of cake,...
Price hikes in Egypt

Price hikes in Egypt

The continued increase in the prices of foodstuffs in Egypt has sparked worries by concerned citizens of the North African nation. In recent months, the...
Sarkozy seeks new ties in Africa

Sarkozy seeks new ties in Africa

France is to renegotiate all defence agreements with its former colonies in Africa, Nicolas Sarkozy said on Thursday, in the strongest signal yet that...
Riots in Burkina related to high cost of living

Riots in Burkina related to high cost of living

Violence spread to the capital, Ouagadougou, early on 28 February as demonstrators took to the streets to denounce the high price of food and...
Iran interested in Zimbabwean Oil

Iran interested in Zimbabwean Oil

Iran plans to invest in an oil refinery in Zimbabwe to supply fuel to the southern Africa region, Teheran's top diplomat said Wednesday. Zimbabwe...
Niger joins Nigeria and Algeria in gas pipeline project

Niger joins Nigeria and Algeria in gas pipeline project

Niger Republic has joined Nigeria and Algeria as co-sponsors of the US$10 billion Trans-Saharan Gas Pipeline Project, conceived in 2002 following a series of...
Norway to assist Ghana on management of oil

Norway to assist Ghana on management of oil

The governments of Ghana and Norway Monday signed a Memorandum of Understanding (MOU) on technical cooperation to assist Ghana with the tr a nsfer...
Chadian Crisis Deepen Fault Lines within African Union

Chadian Crisis Deepen Fault Lines within African Union

With more than 1000 people massacred in Kenya over elections dispute, news filtering in from Chad in the last few weeks is depressing. While...
Nigeria: opposition sceptic about budget allocation

Nigeria: opposition sceptic about budget allocation

The most vocal opposition party in Nigeria, Action Congress (AC), Sunday lambasted the National Assembly (parliament) for ''unilaterally raising its allocation in the 2008...
Nigeria: subdued trading marks end of week

Nigeria: subdued trading marks end of week

Trading experienced a downturn at the close of the past week at the Nigerian Stock Exchange with a turnover of 6.2 billion shares valued...
Zimbabwe’s plus 100,000% inflation

Zimbabwe’s plus 100,000% inflation

The Zimbabwe dollar took a dramatic plunge yesterday, on the eve of President Robert Mugabe’s 84th birthday falling by more than a 100 percent....
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Free Banking for Zimbabwe

Since March 2007, Zimbabwe has been in the midst of a hyperinflation (a rate of inflation per month that exceeds 50%). This phenomenon is...