Finance - Page 2

Nigeria: Unions fight to raise minimum wage

Nigeria: Unions fight to raise minimum wage

Nigeria’s labor and trade union are demanding a monthly minimum wage of $120 because prices of commodities have risen abruptly in the country. The...
South African incomes not reflecting economic growth

South African incomes not reflecting economic growth

An income level study done in South Africa has shown that a majority of adults earn below R50 000 a...
Marshal-Plan for Africa after “colonial rape”?

Marshal-Plan for Africa after “colonial rape”?

Africa deserves a version of the Marshall Plan, reconstruction and assistance, similar to that given to postwar Europe, after the years of "colonial rape"...
Ethiopia: High remittance figures from World Bank ridicule national statistics

Ethiopia: High remittance figures from World Bank ridicule national statistics

The World Bank has challenged the National Bank of Ethiopia’s remittance inflow figures after a recent study indicated that the country receives at least...
Malawi: French style retirement reform causes chaos

Malawi: French style retirement reform causes chaos

What age should one retire? This seems to be a current contentious topic both in Africa and Europe and dominating media space. In Malawi,...
A Snap shot of the World Bank and IMF Annual Meetings:  How to achieve a world without poverty!

A Snap shot of the World Bank and IMF Annual Meetings: How to achieve a world without poverty!

The World Bank and the IMF have not had many friends in the developing world since post-Structural Adjustments days, when their advice and interventions,...
Ethiopia gets multi-million dollar funding for agriculture sector

Ethiopia gets multi-million dollar funding for agriculture sector

The Board of Directors of the World Bank has approved a 150 million dollar fund to Ethiopia. The fund aims to support and increase...
International Donors Must Fund Female-Controlled HIV Prevention Gel

International Donors Must Fund Female-Controlled HIV Prevention Gel

After over twenty years of searching in the scientific wilderness, researchers have developed an effective vaginal microbicide gel that can block HIV transmission. ...
Ethiopian PM seeks to stop policy requirements from donor countries

Ethiopian PM seeks to stop policy requirements from donor countries

Ethiopian Prime Minister Meles Zenawi has urged foreign donors to assist his government’s five year strategic plan without making any policy requirement demands for...
Why Good Governance Matters More in Africa Than Aid

Why Good Governance Matters More in Africa Than Aid

Heads of state from across the developing world arrived in New York last week for the annual United Nations meetings. Heading up the agenda...
Ghana: Say NO to Protectionism, Dr. Kwesi Nduom!

Ghana: Say NO to Protectionism, Dr. Kwesi Nduom!

Dr. Kwesi Nduom, former presidential candidate of Ghana's socialist party, the Convention People’s Party (CPP), and now “Shadow Finance Minister” in the newly created...
Africa’s high return rate for the “frontier market investor”

Africa’s high return rate for the “frontier market investor”

Africa is the place to go for the “frontier market investor” who is seeking a new investment venue with a high rate of return,...
Ethiopia: Addis demolishings begin despite lack of compensation funds

Ethiopia: Addis demolishings begin despite lack of compensation funds

Over 4,500 houses located in different parts of the Ethiopian capital, Addis Ababa have been earmarked to be demolished this year under a...
Ethiopian PM Zenawi snubs West hails China and India

Ethiopian PM Zenawi snubs West hails China and India

Ethiopian Prime Minister Meles Zenawi has snubbed Western donor countries and praised India and China as ‘dependable allies’ as he advised African countries to...
Ethiopia: Price hikes hit transport and construction sectors after birr devaluation

Ethiopia: Price hikes hit transport and construction sectors after birr devaluation

The 16.7 percent devaluation of the Ethiopian currency, the birr, announced last week, against major foreign currencies has seen price inflation rising into the...
Mugabe gets pay rise as Zimbabwe struggles with salary related strikes

Mugabe gets pay rise as Zimbabwe struggles with salary related strikes

Zimbabwe's all time ruler, Robert Mugabe has been granted a pay rise of almost 400 per cent at a time when civil servants are...
Commission for Africa seeks faster progress

Commission for Africa seeks faster progress

The Commission for Africa has urged donor governments to provide an extra $10 billion-$20 billion a year to help Africa adapt to climate change,...
Sudan: Shamed Ugandan traditional healers seek compensation

Sudan: Shamed Ugandan traditional healers seek compensation

Over 1000 Ugandan traditional healers who were operating in southern Sudan and were expelled for conning Sudanese nationals want compensation from southern Sudan government. Through...
Ethiopia gets multi-million dollar fund to boost coffee production

Ethiopia gets multi-million dollar fund to boost coffee production

In a bid to boost the capacity of Ethiopian coffee farmers the local NIB International Bank is setting up a 10 million dollar guarantee...
Crisis hits Air Zimbabwe

Crisis hits Air Zimbabwe

Zimbabwe's struggling airline, Air Zimbabwe operations have grounded to a halt after 60 pilots embarked on an indefinite work stoppage Wednesday demanding payment of...
Zimbabwe to adopt Chinese currency?

Zimbabwe to adopt Chinese currency?

Zimbabwe’s Vice President Joice Mujuru on Monday suggested that the southern African country, which currently has no currency of its own, should adopt the...
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Ethiopia introduces its first one birr coin

The National Bank of Ethiopia (NBE) has introduced one birr coins in a bid to replace birr notes that are relatively costly to produce...
The plight of the Tenant in Ghana

The plight of the Tenant in Ghana

Somewhere in a suburb of Accra, one property-owner triples the size of his or her house in three years, with new construction work underway...
How not to rebrand Nigeria

How not to rebrand Nigeria

Nigeria’s information minister Dora Akunyili’s rebranding Nigeria project is one with good intents. Better branding with a little more rigorous positive marketing effectively positions...
Ethiopia Insurance Corporation struggling to compensate Ethiopian Airlines

Ethiopia Insurance Corporation struggling to compensate Ethiopian Airlines

Ethiopian Airlines has made an overwhelming insurance claim from the state owned Ethiopian Insurance Corporation (EIC) for the crash of one of its aircraft...
Ghana’s protectionist and anti-business clampdown

Ghana’s protectionist and anti-business clampdown

Nigerian traders in Ghana claim the authorities are closing them down under a long-ignored 1994 law that demands a minimum investment of US$300,000. Ghana...
South Africa: ANC to split?

South Africa: ANC to split?

Former South African president in the aparthied era- FW De Klerk has claimed that the ruling African National Congress (ANC) is heading for a...
Zimbabwe: Vices and virtues of a multi-currency economy

Zimbabwe: Vices and virtues of a multi-currency economy

The first learning point I have encountered is that adopting the use of ‘foreign’ currency as legal tender in one’s country has very little...
South Africa: The fat paycheck that caused national uproar

South Africa: The fat paycheck that caused national uproar

South Africa is in a season of industrial action and workers have been incensed by revelations of their ruler, President Jacob Zuma’s paycheck. Zwelinzima Vavi,...
IT Outsourcing: Africa, the new garden of Eden

IT Outsourcing: Africa, the new garden of Eden

A study conducted by AT Kearney has indicated that seven African countries are among the top 50 global outsourcing destinations for IT services, also...