Finance - Page 2
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 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
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!
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 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
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 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
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
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
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
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
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
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’s Vice President Joice Mujuru on Monday suggested that the southern African country, which currently has no currency of its own, should adopt the...
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
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
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
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
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?
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
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 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
A study conducted by AT Kearney has indicated that seven African countries are among the top 50 global outsourcing destinations for IT services, also...
Ethiopia: European Investment Bank’s clarification of involvement in Gibe 3 project
The European Investment Bank confirms that it is no longer involved in the Gibe III hydroelectric project as the Ethiopian government has found alternative...
MobiCash: A new money transfer service for Moroccans
"MobiCash" a new feature in international money transfer for Moroccans living abroad has been put in place by Maroc Telecom since the beginning of...
Zimbabwe: Mugabe rejects western assistance
President Robert Mugabe on Thursday shocked his inner circle when he boldly declared that the southern African country does not need Western aid to...
Sudan: Khartoum rejects South Sudanese oppression claims
Khartoum government has refuted allegations that it oppresses southern Sudan.
This follows demonstrations by people from southern Sudan living in Uganda on the streets...
Nigeria gets help from China to refine its own oil
Nigeria has moved to improve its oil production and refining as China prepares to build an $8bn oil refinery in the country that would...
Zimbabwe bank robbers with South African connections?
Zimbabwe Central Bank has issued a warning to all banks to tighten security surrounding cash after a series of high profile robberies. They have...
Moroccan economy to be “regionalized”
King Mohammed VI decided in January to accelerate Morocco's "regionalization" process in order to revamp the Northern African country's 16 regions, which date back...