Finance - Page 17
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
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
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
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 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 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
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
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
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
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
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....
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...
The new scramble for Africa’s resources
In the past decade, Africa has seen an unprecedented boom in oil and gas investment.
By Dino Mahtani
With big companies shut...
Cote d’Ivoire hosts first Anglophone, Francophone business talks in March
The first International Business Conference (IBC), organised by the New Partnership for Africa Development (NEPAD) Business Group of Cote d'Ivoire, in collaboration with their...
Inflation upsurge in Mugabe’s Zimbabwe
Barely a month ago, Zimbabwe made history by printing 10 million zimbabwean dollar notes to ease its cash crises. Bagfuls of cash were needed...
ECOWAS – OSI extend cooperation
The ECOWAS Commission and the Open Society Institute (OSI) have agreed to extend their areas of cooperation to cover such issues as managing revenue...
Nigeria’s 2008 budget ‘to be presented to the public’
Bicameral legislature in passing the 2008 Appropriation Bill may end Tuesday (12 Feb), as the National Assembly (parliament) has announced plans to present the...
Fourth uranium firm to list on Namibian bourse
Australian uranium firm, Paladin Energy Ltd., which operates in Namibia and Malawi, said Monday it would dual list on the Namibia Stock Exchange (NSX)...
South Africa’s Foreign Minister visits Russia
South African Foreign Minister, Dr. Nkosazana Dlamini Zuma, Monday arrived in Moscow, where she will hold discussions with Russian Minister of Natural Resources Yuri...
Mbeki apologises for power cuts
South Africa’s President Thabo Mbeki on Friday sought to reassure international and domestic businesspeople over the fall out from the country’s power crisis insisting...
Nigerian bourse ends week subdued
Trading witnessed a downturn at the close of this week's transactions on the floor of the Nigerian Stock Exchange (NSE), with a turnover of...
Mobile bank for every African pocket?
With most formal banks inaccessible to many Africans, the service of mobile phone banking is expanding to the poor on the continent. Africa Renewal’s...
Africa: Another Gold Rush
It was in a Parisian metro (subway / tube) that I eavesdropped on a conversation between a group of young interracial men... The South...