Finance - Page 9
Impact of the Financial Crisis on the Developing World
Gazing at the faces of contrite bankers and somewhat shell-shocked politicians who are in Davos trying to figure out how to right a capsized...
World Economic Forum: Africa had nothing to do with the sub-prime crisis
The serious threat to African economies posed by the global financial crisis is an emerging theme at the World Economic Forum. Politicians and economists...
Response – Downsizing Government in Ghana
In his opinion editorial titled "Downsizing Government in Ghana", Mr. Cudjoe purports that since Ghana and South Korea's GDP per capita were at par...
Downsizing Government in Ghana
Ghanaians recently went to the polls to elect a new President to succeed outgoing president Kufuor. This was the second time under the country's...
Zim inflation at 6.5 quindecillion novemdecillion percent
The Zimbabwe dollar now seems to have lost all its appeal, and calls for the adoption of a foreign currency to replace the struggling...
Outrage in Zimbabwe: Civil servants get US $10 salary
The financially bankrupt Robert Mugabe administration has set itself on yet another collision course with teachers as they were paid less than US$10 ...
Obama’s plan deals a blow to Nigeria’s faltering economy
Obama in his inaugural speech proposed a vigorous search for alternative energy to drive the world's largest economy. Nigeria is the fifth largest exporter...
Nigeria Central Bank’s tough move to salvage Naira
Financial and Economic experts have been suggesting ways out of the continuing depreciation of the Naira, the Nigerian currency, saying reduction in importation of...
When bank officials steal from needy Zimbabweans
A service-orientated job, particularly one as a bank teller, in most countries is considered as a pretty good job. This is not the case...
Banks prepare for massive job cuts as Naira nosedives
Widespread increase in prices of goods and services, unemployment, and increase in costs of capital projects across Nigeria has been forecast as the Naira...
Zimbabwe’s dollarisation and a few happy ones
Several of Zimbabwe's struggling companies have failed to open for business in the New Year, the victims of the country's unending economic crisis.
Paul Nyakazeya,...
Nigeria moves to salvage a forseeable economic wreck
Nigeria's federal government has unveiled tough measures aimed at ensuring prudence in government spending, amid falling oil prices and the global economic downturn.
Quoting a...
Nigerian Central Bank’s move to flood market with dollars
In an effort to save the free-falling Nigerian Naira, which is rapidly depreciating against the Dollar, the Central Bank has vowed to flood the...
Nigeria’s growing wealth and its growing poor
Poverty-stricken Nigerians, surviving on less than a dollar a day have called for a better standard of living following reports that the country has...
Half of Mozambique’s 2009 budget faces a deficit
More than half of the Mozambican 2009 Budget introduced in the country's parliament, the Assembly of the Republic, is dependent on foreign aid.
The estimated...
Company blamed for losing billions of Nigerian money
Nigeria has recorded a drop in revenue of about N177.62 billion following the crash in oil prices at the international market, according to the...
Single African currency: Experts to draw a roadmap
The African Union, based in Addis Ababa, Ethiopia, has said in a statement that economic experts, meeting in the Cameroonian capital, Yaounde, on 15...
Central bank of Zimbabwe releases $500 million notes
The Central Bank of Zimbabwe Friday unveiled new high- denomination bank notes (ZW$ 200 million and ZW$ 500 million), to grapple with soaring inflation.
The...
DRC unemployment rises as mines screech to a halt
In tune with the global economic downturn, reports from Katanga in DR Congo claim that over 200,000 jobs have been amid a collapse in...
Nigerian economy could collapse in a few months
The Nigerian economy is predicted to collapse in six months if oil prices continue to fall at the current rate and if the country’s...
Economy at the helm of Ghanaian elections
Ghanaians will go to the polls on Sunday in the fifth presidential and parliamentary elections since the country returned to constitutional rule, with economic...
Central Bank of Nigeria to save crumbling exchange rates
Economic unrest and panic is spreading in Nigeria as the country’s currency, the naira continues to fall in the foreign exchange market, but the...
Nigerians debate another World Bank loan
After a long deliberation by the Nigerian government whether or not it should accept a World Bank Loan offer, the Finance minister of Nigeria...
Zimbabwean migrants: Anything is worth sending home
The boxes of cooking oil, soap and bleach and the sacks of white maize flour look too awkward a cargo for the Harare-bound passenger...
Ethiopian Airlines’ growth to soar despite financial crisis
The Ethiopian Airlines' projects its earnings will soar to US$ 1.2 billion in the current financial year with a profit margin of more than...
United Nations names special economic task force
Following the hard-biting economic turmoil, the United Nations have put together a special economic task force and Nigeria’s Central Bank Governor, Prof. Chukwuma Soludo,...
Robert Mugabe’s Zanu PF party goes begging for money
Robert Mugabe’s Zanu PF party has embarked on a begging bowl project aimed at raising funds for its annual national people’s conference set for...
Africa’s hidden wealth and the Banking challenge
What if wealthy Africans decided to invest their earnings in Africa instead of overseas? What if the 80 per cent of Africans who don’t...
Air Mauritius’ heavy losses highlight global financial crisis
Air Mauritius has announced a loss of 11 million euros for the half year ending 30 September 2008, compared to a profit of 2...
Alternative means of payment ? Zimbabwe financial mess
"In the measures underway, the Reserve Bank plans to introduce a number of
new, higher denominations, review the cash withdrawal limits as well as
commence aggressive...