Finance - Page 5
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...
Addis Ababa: New African Union conference center a lasting testimony of strong afro chinese relations
A 100 000 000 (one hundred million) Renminbi Yuan (USD14,645,576.89) grant agreement on economic and technical cooperation was signed today between the People's Republic...
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...
IMF Executive Board Concludes 2009 Article IV Consultation with Kenya
On December, 22, 2009, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Kenya.1
Background
Kenya's strong economic performance during...
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
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
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
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
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 soldiers have been granted a pay rise months after they
staged heavy protests over salaries. Observers have indicated that timely salary increase is...
African Union: Experts Meet Ahead of the Extraordinary Conference of African Ministers of Economy and Finance
African Experts in the domain of Economy and Finance converged at the headquarters of the African Union Commission (AUC), today, Monday 14 December 2009,...
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
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
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
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
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
The Nigerian government is to introduce an Internally Generated Revenue (IGR) scheme, beginning from the 2010 financial year. The main focus is to make...
IMF Announces Sale of 2 Metric Tons of Gold to the Bank of Mauritius
The International Monetary Fund announced today the sale of 2 metric tons of gold to the Bank of Mauritius, the nation's central bank. The...
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
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!
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
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’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”?
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
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 is caught in a financial quagmire as foreign aid inflow plunge to record lows. With about 15 per cent of government approved...