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Kikwete calls for special fund for AU chairman’s expenses

Outgoing chairman of the African Union (AU), Tanz anian President Jakaya Kikwete, Monday called for the setting up a special fund t o underwrite
Africa

Financial experts want Nigerian govt’s ‘bail out’ over meltdown

Participants at a seminar, organised by one of Nigeria’s leading financial institutions, Access Bank Plc, want the government bail out a c tion as was done
Africa

Nigerian marketers cut aviation fuel price

In an action that could lead to cheaper domestic flights, aviation fuel marketers in Nigeria have announced a 44% price cut, from 156/170 naira ...
Africa

Zimbabwe accepts foreign currencies to avert economy collapse

Zimbabwe, mirred in a decade-long economic crisis, Thu rsday announced it was fully accepting foreign currencies as legal tender in its
Africa

AU Commission withholds strategic plan

The strategic plan 2009-2012, elaborated by the A frican Union Commission (AUC), will not after all be among the items on the agen d a of the session ...
Africa

UN official laments impact of global credit crunch on Africa

The global credit crisis has wiped out the relief due to Africa from the 5% gross domestic growth registered in the past year, according to the UN ...
Africa

Namibia’s largest miner retrenches workers

Namibia’s largest diamond miner, Namdeb, said it was implementing a voluntary retrenchment process as it battles to slash overheads a n d remain
Africa

Guinean junta to recover debts owed to govt

The President of the Audit and Monitoring Committee in Guinea, Brigadier General Sékouba Konaté, will Thursday begin the process of ...
Africa

Experts suggest ways out of Nigeria’s falling currency

Financial and Economic experts have been suggesting ways out of the continuing depreciation of the Naira, the Nigerian currency, saying r eduction ...
Africa

China won’t abandon Africa in global credit crunch, says FA minister

Chinese Foreign Affairs Minister Yang Jiechi has said Beijing will not abandon its commitment to Africa despite being stung by the cur r ent global credit crunch. ...
Africa

Africa braces for worst economic crisis as global trade falters

The United Nations has warned that the global fin ancial turmoil has sparked a crisis in the global trading arena, whose impact wo u ld affect the growth ...
Africa

Gambia qualifies for World Bank food grants

The Executive Director Group 1 of the World Bank, Toga M cintosh, says Gambia has qualified for the World Bank food crisis grants and that
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