Finance - Page 3
Ghana sits on borrowed money & borrowed time
The World Bank Ghana Country Office’s Conference Room was the scene of lively discussions and startling revelations on Friday, 18th June 2010.
It emerged in...
Is Ghana amongst the worst-branded in Africa now?
On June 9th this year, a certain Daniel Fisher, a Senior Editor at Forbes Magazine specialising in macroeconomic and legal issues, wrote an article...
African economy boosted as AfDB rises to challenge
The 45th summit of the African Development Bank (AfDB) that took place between May 27 to 29 in Côte d'Ivoire presented a rare opportunity...
Economic melt down excuse raises HIV/AIDS fears
Donors have been cutting funding for HIV/AIDS in eight African countries as a result of the global economic meltdown. This increasing phenomenon has forced...
Southern Sudan HIV/AIDS infections on the rise
The chairman of an anti-HIV/AIDS campaigning group, The Southern Sudan Network of People Living with HIV-AIDs, Lole Laila has said that about 7,000 people...
Malawi could lose millions in aid after gay verdict
Malawi risks forfeiting its annual aid donations from the United Kingdom and other western partners if it does not reverse the court verdict of...
Africa’s green revolution gets a boost
A second Green Revolution is starting to take root in Africa, says Cameroonian-born agriculture specialist A. Namanga Ngongi. And that is important because agriculture...
Ethiopia lands Chinese loan approval for mega Gilgel Gibe III hydro-power project
A Chinese loan has been secured for Ethiopia’s biggest Hydropower project, Gilgel Gibe III, after years of pressure from foreign environmentalists blocked access to...
Ethiopia Railway finally gets Chinese funding after Indian delay
After several years of actively seeking financial support for the development of a crucial transportation network, the Chinese Government has granted Ethiopia a multi-billion...
Ethiopia: Ruling party gets huge boost from business community
Top Ethiopian businessmen have confirmed their support for the Ethiopian People’s Revolutionary Democratic Front (EPRDF) by donating 32 million birr for its election campaign...
Zimbabwe: War veterans warn finance Minister
Militant veterans of Zimbabwe's liberation have laid sedge on Finance minister Tendai Biti demanding more money from a bankrupt government.
The veterans, who are in...
Ethiopia reveals another ambitious five year power plan
Ethiopian Electric Power Corporation (EEPCo) has revealed its plan to produce 13472 MW of power at a cost of 58 billion birr in the...
Nigeria: Acting president warns of global blacklisting
Nigerian legislators have been urged to pass an anti-money laundering and anti-terrorism financing laws by June 30, in order to avoid the "grave economic...
UK Parliament bans ‘Vulture Funds’ companies that fleece on Africa
The United Kingdom Parliament has passed a bill that bans the so-called Vulture funds. The dodgy loan transfer scheme was used by international finance...
Africa foots the bill for illicit financial transfers
Nigeria, Egypt, Algeria, Morocco and South Africa lead the list of African countries that made the most illegal financial transfers between 1970 and 2008....
Africa’s leading finance and development experts are discussing policies that generate employment opportunities
African Experts representing finance, planning and economic development ministries in African countries started their deliberations yesterday in Lilongwe (Malawi) on how to achieve a...
SA World Cup to help heal global advertising wounds
The global advertising market will grow between 0 and 1 per cent this year, thanks to events such as the South Africa, 2010 FIFA...
Dow Jones joins forces with the Global Fund against HIV/AIDS
The Dow Jones Indexes and The Global Fund to Fight AIDS, Tuberculosis and Malaria, announced their partnership through the creation of a new index;...
Climate deal: ‘An essential beginning’ but hard work lies ahead
It was not the agreement that anyone had wanted. But during the night of 18–19 December — as nearly two weeks of contentious talks...
Zimbabwe: Tsvangirai calls indiginization law null and void
A new retrogressive economic empowerment law in Zimbabwe that seeks to
grab 51 percent ownership of all international firms operating in the country was set...
Zimbabwe bullies Zambia for a ten year old debt
Desperate situation calls for desperate measures, so goes the saying. But for one southern African nation with depleted coffers, those measures have been stretched...
Botswana: Ex President faces embarrassment
Former Botswana leader, Sir Ketumile Masire is on course of being embarrassed by a financial institution in his home land. A country he ruled...
China warns Zimbabwe: We are not ‘friends!’
China looks set to abandon Zimbabwe. The communist nation has told
the southern Africa country “not to expect further loans from Beijing
until it pays its...
False promises of Aid to Africa
Aid to developing countries has increased by 35% since 2004, but some G2O countries have failed in their promises. According to OECD, development aid...
Ethiopian Shipping lines set to get heavy loan from China
The Export and Import Bank of China (EXIM) has shown keen interest to finance a substantial portion of ESL's (Ethiopian Shipping Lines S.C) loan...
Morocco did not experience economic crisis?
Economic indicators available at the end of 2009 show a strong Moroccan economy in the face of a dreaded global crisis: unemployment fell from...
Africans reach out in solidarity with Haiti
In the broad international mobilization to help the stricken people of Haiti, Africa is not lagging behind. Government officials, religious leaders, students, artists and...
Ghana: How Affordable is the STX-Ghana Affordable Housing Project?
If comments by the outgoing Minister for Water Resources, Works & Housing are anything to go by the centrepiece of government of Ghana’s affordable...
Uganda Shilling dips against US dollar
Bank Of Uganda (BOU) yesterday revealed that the eastern African country's shilling had depreciated by 1.2 per cent in the past month alone.
It attributed...
Police warned not to collect taxes in South Sudan
The government of southern Sudan has streamlined tax collection. It has
also instructed tax payers to register their businesses with the directorate
of taxation with effect...