Finance - Page 16
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...
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
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
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...
IMANI Center for Policy and Education Receives $100,000 Grant
The Atlas Economic Research Foundation announced that IMANI Center for Policy and Education (Accra, Ghana) is the only African think tank among its first...
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
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...
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
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
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
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…
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...
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...
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 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
Talks are underway for the integration of the Nigerian Stock Exchange (NSE) with that of Ghana, such that an investor in each of the...
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
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
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
In a development that will surely be latched onto by the opposition, a parliamentary probe of how the immediate past Nigerian administration frittered away...
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...
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
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
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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 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
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
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
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
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
Six major multilateral development banks (MDBs) have released the third report of their Common Performance Assessment System (COMPAS), a statement by the African Development...