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South Africa to get majority stakes in African Investment Bank

South Africa, the richest country in Africa, will get the largest share of the African Investment Bank, which is expected to become operational ...
Africa

World Bank Director visits Gambia

World Bank's Africa Group Executive Director, Toga Mcint osh, has arrived in The Gambia on a working visit, competent financial sources i n formed ...
Africa

Inflation under control in Mozambique

The Mozambican government is winning its battle agai nst inflation, according to the latest data from the National Statistics Institu t e (INE).
Africa

African ministers demand greater share in WB, IMF affairs

African finance ministers, due for a meeting Wedn esday, have scheduled discussions on enhancing Africa's participation and voice i n the two Bretton
Africa

African experts delay US$ 1.38 billion AU taxation plan

The African Union's efforts to raise additional f unds through minimal taxation of lucrative sectors of African economies have hit
Africa

Mozambican tax body seeks rise in fiscal revenue

The Mozambican Tax Authority (AT) intends to gradual ly raise the amount of taxes collected until they reach the equivalent of 22 percent of the country's ...
Africa

IMF approves US$16m to strengthen S/Leone foreign reserves

The International Monetary Fund (IMF) has completed the third review of Sierra Leone's performance under the Poverty Reduction and Growth Facility ...
Africa

US$ 13 million Norwegian support for Gambia marine, fisheries

The Gambia has received Norwegian government assistance to the tune of US$ 13 million, to strengthen an ecosystem approach to marine and ...
Africa

Guinea Bissau Premier imposes radical management procedures

Guinea Bissau's new Prime Minister Carlos Gomes J unior has disclosed that he inherited a budget deficit of 30 billion CFA francs ( US$ 60 million). ...
Africa

Guinean junta slashes price of gasoline

The National Council of Democracy and Development (CNDD), the ruling military-civilian junta in Guinea since 23 December, Wednesda ...
Africa

Nigeria may raise ‘passenger service charge’ in 2009

There are plans to raise the passenger service charge (PSC), charged by airlines as a percentage of air tickets and paid to aviation agencies, in 2009 ...
Africa

Mozambican PM condemns banks’ high interest rates

Mozambican Prime Minister Luisa Diogo says the inter est rates charged by the country's commercial banks are far too high.
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