Posts under ‘Economy’

Nigeria president appoints head of power task force

Nigeria’s president on Monday appointed an ex-minister of science to lead a special task force responsible for transforming the OPEC member’s

Zambia copper mines resume output: minister

Copper mines in Zambia, Africa’s top producer of the metal, have resumed output after a nationwide blackout led to a halt in production,

Le Rwanda refuse un nouveau prêt du FMI

Le FMI a signé jeudi 17 juin avec le Rwanda un accord qui permettra à Kigali de s’appuyer pendant trois ans sur les conseils des experts du Fonds monétaire international.

Cemac: Crise ouverte entre la Beac et le Fmi

Depuis mai, l’institution de Bretton Woods a suspendu ses décaissements en faveur des Etats-membres de la Cemac (Communauté économique et monétaire d’Afrique Centrale) via leur banque centrale.

EU to give Kenya about $602 mln for 2010/11 budget

The European Union said on Saturday it will give Kenya about 500 million euros to supplement its 2010/11 budget, a 25 percent rise over 2009/10.

Kenya budget aims at key issues, execution doubtful

Kenya’s finance minister presented a budget for 2010/11 that addressed key development issues but questions linger over the government’s ability to absorb and utilise the funds.

La Banque africaine de développement (BAD) décide de tripler son capital

La Banque africaine de développement (BAD) a annoncé vendredi sa décision de tripler son capital, porté à quelque 100 milliards de dollars US (81 milliards EUR), à la clôture de ses assemblées annuelles à Abidjan.

Kenya c.bank worried about growth, not inflation

Kenya’s central bank sees no threat from inflation but is much more concerned about strengthening the economic recovery in east Africa’s largest economy,

Rich nations failing to meet aid promises to Africa

The world’s seven industrialized nations have fallen short on their promises to double aid to Africa by 2010, according to a report on Tuesday by ONE Campaign against poverty.

Google search a future in Africa

Despite some of the lowest Internet penetration rates in the world, Africa has enticed Google Inc. Lured by the continent’s growth potential, Google aims to convince entrepreneurs, students and aid workers to make use of its search, mapping and mobile-phone technologies. But Africa — with roughly one billion inhabitants, over 50 countries and many regions [...]