Finance - Page 4

SA  World Cup 2010: Ticket prices keep Africans away

SA World Cup 2010: Ticket prices keep Africans away

South Africa 2010 World Cup organizing committee is a worried lot. Less than 100 000 tickets have been sold in Africa and even Bafana...
Nigeria: Financial distrust threatens weak peace and civility in Niger Delta

Nigeria: Financial distrust threatens weak peace and civility in Niger Delta

A dispute between the Niger Delta communities of Nigeria and government officials over who must manage the ten percent of oil revenues promised them...
Namibia: Row over big presidential car expenses

Namibia: Row over big presidential car expenses

A new N$10 million Namibian Presidential armoured motorcade has, allegedly, cost a ministry of Works and Transport employee his job for leaking information which...
U.S. counterfeit dollar dealers arrested in Zimbabwe and Zambia

U.S. counterfeit dollar dealers arrested in Zimbabwe and Zambia

Counterfeit United States Dollars are in huge calculation in most African countries as hardly a month passes by without arrests. Tuesday morning, both Zambian...
Morocco: Government revises salary scales upwards, unions still dissatisfied

Morocco: Government revises salary scales upwards, unions still dissatisfied

The Moroccan government has initiated talks with various trade unions with the aim of improving the social conditions of workers. Although the government seems...
Zimbabweans relive harsh memories of last Christmas

Zimbabweans relive harsh memories of last Christmas

Its only a few days before Christmas but its not a festive season for many Zimbabweans. Long queues for cash have resurfaced countrywide as most financial institutions...
South African military get heavy pay rise ahead of 2010 World Cup

South African military get heavy pay rise ahead of 2010 World Cup

South African soldiers have been granted a pay rise months after they staged heavy protests over salaries. Observers have indicated that timely salary increase is...
Nigeria: Arrest of prominent politician; Opposition crackdown or justice?

Nigeria: Arrest of prominent politician; Opposition crackdown or justice?

Following the arrest of a leader of a rising opposition party in Nigeria by the Nigerian Economic and Financial Crimes Commission (EFCC), the country’s...
Ethiopia: Norway joins China in mega hydropower project

Ethiopia: Norway joins China in mega hydropower project

Norway is now the second country after China to financially support Ethiopia’s hydropower development after a loan request for the Eastern African country’s mega...
Zimbabwe: Biti’s budget sees change for beer drinkers but not currency

Zimbabwe: Biti’s budget sees change for beer drinkers but not currency

Finance Minister Tendai Biti on Wednesday ruled out the re-introduction of the Zimbabwe dollar saying the multiple use of currencies would continue but had...
Nigeria pleased with efforts from European Union and Switzerland

Nigeria pleased with efforts from European Union and Switzerland

It’s been a week of Europe’s exhibition of support to the efforts of the Nigerian government in transparency, fight against corruption and state civility....
Zambia should raise electricity bills, says World Bank official

Zambia should raise electricity bills, says World Bank official

The World Bank, which has in the past been accused of prescribing “suicidal economic policies” for third world countries, says Zambia should increase its...
Nigerian states to depend on state tax for budgets

Nigerian states to depend on state tax for budgets

The Nigerian government is to introduce an Internally Generated Revenue (IGR) scheme, beginning from the 2010 financial year. The main focus is to make...
Ethiopia: Diaspora investment bond enhances economy

Ethiopia: Diaspora investment bond enhances economy

Investment in their home countries by migrants from Africa is contributing to economic growth on the continent. This business development has caught the attention...
Fuel Crisis-hit Malawi questions presidential jet purchase and Zimbabwe loan

Fuel Crisis-hit Malawi questions presidential jet purchase and Zimbabwe loan

Malawi has been hit by crippling fuel shortages as the country is running out of foreign currency because Zimbabwe is failing to pay back...
U.S. dollars and a world of proxy cocaine users!

U.S. dollars and a world of proxy cocaine users!

It simply beats my imagination as to how every single U.S. citizen has already handled cocaine or risks handling it in the very near...
Ethiopian Ministers accuse Oxfam for inflating figures

Ethiopian Ministers accuse Oxfam for inflating figures

Going against a call for the president’s recent policy speech to encourage donors to work with the government in tackling food emergencies, Prime Minister...
Africa: Foreign fishing fleets depleting a potential wealth resource

Africa: Foreign fishing fleets depleting a potential wealth resource

Africa’s domestic fishing grounds are protected under international law. Why then, do foreign fishing fleets continue to exploit Africa’s waters and cause huge social...
New Ethiopian economic policy, a case of “robbing peter to pay paul”?

New Ethiopian economic policy, a case of “robbing peter to pay paul”?

Ethiopia has recently halted subsidizing fuel prices and instead raised domestic prices above import costs, according to an official letter sent to the International...
Africa: Lopsided economies and mixed signals on recovery

Africa: Lopsided economies and mixed signals on recovery

Has the world economic crisis reached bottom or is Africa facing continued recession and deepening poverty? “No one can tell with any degree of...
Ethiopian economy faces serious setbacks

Ethiopian economy faces serious setbacks

Ethiopian economy is caught in a financial quagmire as foreign aid inflow plunge to record lows. With about 15 per cent of government approved...
Ethiopia: Nationwide housing project puts economy in danger

Ethiopia: Nationwide housing project puts economy in danger

Ethiopian Ministry of Works and Urban Development (MoWUD)) this year suspended a number of affordable housing projects across the country with the exception of...
Nigeria: Central Bank governor faces harsh criticism after bank crackdown

Nigeria: Central Bank governor faces harsh criticism after bank crackdown

Nigerian Central Bank governor has defended his largely criticized banking reforms that shook the country’s monetary sector and claimed the jobs of five bank...
Zimbabwe: Traditional chiefs fight with MPs over luxury cars for respect

Zimbabwe: Traditional chiefs fight with MPs over luxury cars for respect

Traditional leaders in the southern African country of Zimbabwe are demanding improved allowances and top of the range Mercedes Benz vehicles so as to...
Zimbabwe: Lawyers earn “starving wages”; Teachers’ wages to be frozen?

Zimbabwe: Lawyers earn “starving wages”; Teachers’ wages to be frozen?

Government lawyers in Zimbabwe are earning “starvation wages” resulting in them compromising their professionalism. Justice Minister, Patrick Chinamasa said on average lawyers are earning...
Ethiopia: AACC urges gov’t to compensate businesses for Eritrean port losses

Ethiopia: AACC urges gov’t to compensate businesses for Eritrean port losses

Addis Ababa Chamber of Commerce (AACC) has demanded that the Ethiopian government compensate businessmen who lost their properties at Eritrean ports during the border...
Zimbabwe: Tendai Biti reveals Mugabe’s monthly salary but his plan backfires

Zimbabwe: Tendai Biti reveals Mugabe’s monthly salary but his plan backfires

Zimbabwe finance minister Tendai Biti on Wednesday revealed President Robert Mugabe's monthly salary. But this was quickly dismissed by restless teachers as a mere...
Nigeria: Central Bank still chasing bank defaulters

Nigeria: Central Bank still chasing bank defaulters

The Nigerian Banking executives accused of perpetuating banking frauds worth billions of dollars have been put on the stands to defend their roles in...
Zimbabwe doctor strike ends, sacked GPs to reapply

Zimbabwe doctor strike ends, sacked GPs to reapply

Zimbabwean doctors who have been on strike for close to a month have called off their strike, giving the government a one-month ultimatum to increase...
US Financial Firms profiting from Africa’s indebtedness and a shameful double standard

US Financial Firms profiting from Africa’s indebtedness and a shameful double standard

Financial firms in the United States are ripping off African countries and taking advantage of her indebtedness, according to a coalition of civil society...