Finance - Page 7
Zimbabwe: Tsvangirai to scrap Mugabe’s indigenisation laws to attract more investments
Zimbabwe’s government of national unity plans to scrap indigenisation laws introduced by President Robert Mugabe, in an effort to attract foreign investment and rebuild...
Ethiopian government to return coffee hoarders’ money?
The Ethiopian Government has moved to clear bank credits of six banned coffee exporters who had borrowed money for the purchase of 18,000 tonnes...
Zimbabwe: The Global Fund ceases direct funds to government agencies
The Global Fund has stopped financing HIV and Aids programmes through
the Zimbabwe government-controlled National Aids Council (NAC) opting
to channel funds through a United...
Ethiopia: NBE fails to contain monetary growth target
The Federal Government of Ethiopia has set an ambitious target to reduce the country’s monetary supply in line with its agreement with the International...
US and EU dole out funds to cash-strapped Zimbabwe
The United States is now the latest country to dole out financial aid to Zimbabwe in an attempt to economically stabilize the inflation-ridden African...
Netherlands – Zimbabwe: You will get no money from us
Zimbabwean Prime Minister Morgan Tsvangirai was told in the Netherlands on Monday that his government had to implement serious political and economic reforms before...
AU must take a closer look, Eritrea’s not the only culprit
Countries across the African continent devoted May 25 to the observance of the so called African Union’s Day. Few countries, though, have declared the...
Zimbabwe draft constitution hits the financial wall
With just eight days remaining before Zimbabwe embarks on yet another attempt to craft a home grown constitution, no funds have been availed for...
Ethiopian Airlines records profits, orders more planes
Speaking at the Ethiopian parliament on Wednesday, as he presented the airlines' eight-month performance report, Girma Wake, CEO of Ethiopian Airlines, said that after...
Ethiopia: Netherlands-Germany finance new energy policy
An alarming decline of water levels in dams across Ethiopia, compounded with a growing demand but limited supply of electricity from the state owned...
Nigerian education sector to get a major facelift
The World Bank and the British Department for International Development (DFID) have issued a grant of $180 million to help finance the Nigerian...
Zimbabwe: Rejecting success and a few hopeful ones
Nearly every country in the world has experienced economic growth over the past decade, even accounting for the current recession. Zimbabweans, however have watched...
Global recession a Human Rights time bomb
Security issues, the response to global terror and the pursuit of economic recovery after the global economic meltdown has led to severe Human rights...
Zimbabwe: Mugabe sticks to Gono, attacks Britain again
Zimbabwe' Reserve Bank boss Gideon Gono has been assured of his stay in office desipte call for his removal. President Mugabe has said...
Zimbabwe: Gono’s letter to Biti reveals romantic feud?
The ongoing protracted fight pitting Finance minister Tendai Biti and Central Bank governor Gidion Gono has taken a new shocking twist after it emerged...
Dead Aid: An African woman sends the West on a panick spree
Dambisa Moyo is elegant, articulate and cool-headed – a match for the sharpest TV host. She is hyperactive as well – the air miles...
Financing Africa’s greatest resource: Women
Decades after the world officially recognized equality between women and men as a human right, women remain largely excluded from the upper ranks of...
Ethiopia: Power and cement crunch solutions questioned
After the sharp effects of the global economic downturn on the Ethiopian economy, the new crisis to hit the eastern African country has forced...
Tsvangirai blames economic woes on coalition violations
Prime Minister Morgan Tsvangirai has again indicated that continuing violations of Zimbabwe’s power-sharing deal have stalled efforts to win the desperately needed foreign aid...
Global crises: The New IMF and Africa
Experts are unanimous on one point. Africa will be hardest hit by the global recession. The economic crisis will deepen and aggravate other existing...
Zimbabwe strike averted, fee cuts and levies introduced
The broke Zimbabwe government has averted a crippling strike by teachers after it persuaded international donors including the United Nations Children's Fund, to fund...
Zimbabwe: School fees slashed amid teachers’ threats
State owned schools in Zimbabwe have been instructed to slash their fees as it struggles with an economic crisis desperately crying out for massive...
Zimbabwe’s tough ride as donors shun promises
Overwhelmed by the Zimbabwean financial and health crises, SADC had undertaken to raise the $2bn, with SA and Botswana pledging credit lines and budget...
IMF and WB experts on crisis and African development
Although the full impact of the global economic crisis on African development is not yet known, a group of African development and finance experts...
Developing economies will fare better in 2010
The global economy will contract by 1.3 percent in 2009 in the most severe recession since World War II, the International Monetary Fund (IMF)...
Liberia: Petty traders crucial to African economy
Monrovia-based economic consultant Achie Bedell has urged the Liberian government under President Ellen Johnson-Sirleaf, to boost the country's economy by allowing women to develop...
Zimbabwe: The storm is far from over
International humanitarian aid efforts to Zimbabwe to help combat a continuing cholera outbreak and overcome widespread food shortages are intensifying. The International Monetary Fund...
Ethiopian WB country director pledges $35B for Africa
World Bank is set to triple its reconstruction and development lending geared towards developing countries to mitigate the harsh impact of the global economic...
Zimbabwe economic revival program jilted by SADC?
Southern African Developemt Community countries failed to meet the deadline they set to submit of pledges to Zimbabwe’s economic revival programme as it expired...
Global economic downturn: Africa walking a tightrope
As the world’s economic woes deepen, Africa’s leaders are delivering a strong message that the international community must help the continent protect the development...