Finance - Page 4
Cabinet approves the South African Reserve Bank Amendment Bill
The South African Reserve Bank (SARB) is a crucial national institution which is required by the Constitution to serve the economic interests of all...
European Commission allocates €3 million for displaced Somali refugees in Kenyan refugee camps
The European Commission has allocated €3 million in humanitarian aid for programmes to support refugees in Kenya's Dadaab camps. Around 267,0000 refugees are currently...
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...
New Study Shows Minorities Targeted for Risky Loans
As financial reform works its way through the Senate, a new study by the National Community Reinvestment Coalition (NCRC) indicates that subprime lending and...
MassMutual, Strategic Financial Group, LLP Announces Scholarship Program For Local Multicultural College Students
Local multicultural college students from the metro area of Houston will have a chance to win scholarships and internship opportunities in the financial services...
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...
IMF Concludes Staff Visit to Guinea-Bissau
An International Monetary Fund (IMF) mission led by Mr. Paulo Drummond visited Guinea-Bissau during April 15-18, 2010. The mission met with President Malam Bacaí...
Statement by an IMF Mission to Togo
An International Monetary Fund (IMF) mission led by Marshall Mills visited Lomé during April 1?15, 2010 to conduct discussions for the fourth review of...
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...
Ethiopia: Statement at the Conclusion of an IMF Mission
An International Monetary Fund (IMF) mission led by Mr. Paul Mathieu visited Addis AbabaMarch 12-24 to conduct discussions on the 2010 Article IV consultation...
IMF and Botswana’s Financial Regulator Work Together to Improve Breadth and Quality of Macroeconomic Statistical Data
International Monetary Fund (IMF) statistical experts are working with officials of the Bank of Botswana (BOB) and of the Nonbank Financial Regulatory Agency (NBFIRA)...
Statement at the Conclusion of an IMF Staff Mission to Chad
An International Monetary Fund (IMF) staff mission led by Mr. Christian Josz visited the Republic of Chad during March 4-17, 2010 to conduct discussions...
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;...
European Commission allocates more than €375 million in humanitarian aid to help vulnerable people from Afghanistan to Sudan
Over the last month, the European Commission has adopted a series of humanitarian aid decisions worth €375.35 million for operations in Africa, Asia and...
Japan: Exchange of Notes for Grant Aid for the United Republic of Tanzania (the Project for Widening of the New Bagamoyo Road [Detailed Design])
The Government of Japan has decided to extend grant aid (the Project for Widening of the New Bagamoyo Road ) totaling 60 million JPY...
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...
Africa Policy Experts and International Think-Tanks Challenge Labour Debt Relief Bill
ACCRA – A group of experts from leading international and African-based public policy organizations today issued a challenge to controversial proposed legislation backed by...
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...
IMF – Arab Republic of Egypt 2010 Article IV Consultation Mission, Concluding Statement
IMF and Arab Republic of Egypt, 2010 Article IV Consultation Mission, Concluding Statement.
1. Egypt's economy has been resilient to the crisis. Financial contagion was...
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...
IMANI Alert: : Watch These Oil Numbers!
Finally! We have something to applaud the Ministry of Energy for! Those who have been following our releases should by now be familiar with...
World Finance Exchanges and Brokers Awards 2010
2009 was especially difficult for the exchanges and brokerage industry,
as lenders have done their best to adjust to a changed landscape.
The World Finance Exchanges...
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...
IMF Executive Board Completes Third Review Under the Extended Credit Facility Arrangement for Niger and Approves US$5 Million Disbursement
The Executive Board of the International Monetary Fund (IMF) today completed its third review of Niger's economic performance under a program supported by the...