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Nigeria re-certifies 71 insurance firms

Nigeria's regulatory National Insurance Commission (NAICOM) has re-certified 71 insurance companies that met the commission's condition to re-capitalise.

Ghana bourse slumps

The GSE All-Share Index, the benchmark index of the Accra bourse, slumped on Monday Feb 12th on account of significant losses by CAL Bank and CFAO.

CARPE to invest $150 million in the Congo basin

The Regional Programme for the Environment in Central Africa (CARPE) will have by 2011 invested some US$150 million in the promotion of sustainable management of forests of the Congo basin

Japan and Mozambique sign cooperation agreement

 The governments of Mozambique and Japan signed Tuesday January 23rd a cooperation agreement in Tokyo to facilitate the construction of bridges in Zambezia and Tete provinces, as well as support the national anti-malaria program.

Nigeria : Nigerian workers criticise govt’s new salary package

The Nigerian federal workers have criticised the 15% salary increase announced by the government Wednesday, saying it fell short of their expectations.

ACP States Feeling the Pinch of 2007 Trade Deadline

KHARTOUM, Dec 6 (IPS) - The fifth summit of the African, Caribbean and Pacific (ACP) Group of States will kick off on Thursday in the Sudanese capital, Khartoum, amidst fierce speculation over the fate of trade agreements between the European Union (EU) and ACP nations.

Canada pledges annual budgetary support to Ghana

Accra, Ghana - Ghana is to receive 480 million Canadian dollars annually in budgetary support for being selected among the few countries on which Canada has decided to focus its development assistance.

Ethiopian airline dumps SITA, embraces Sabre IT system

Addis Ababa, Ethiopia (PANA) - Ethiopian airline Thursday announced the upgrading of its passenger service management by switching from SITA to Sabre IT system with effect from midnight of 3 November 2006.

Egypt: AfDB Approves US$ 88 Million Loan and Grant to Finance Micro and SMEs

Tunis, 11 October 2006 – The Board of Directors of the African Development Bank (AfDB), on Wednesday in Tunis, approved a loan and a grant amounting to US$ 88.04 million, to finance a project in support of micro and small enterprises in Egypt. The resources will be managed by a Social Development Fund (SDF).

Zimbabwean economic crisis doesn’t seem to reach an end…

Zimbabwe’s Dollar inflation rate has already exceeded 1200%; the country is facing poverty and hunger with the food shortage and the agricultural production downfall since Mugabe’s decision to pass the white citizens’ fertile lands ownership to the blacks, in 2000.

Zimbabwe facing chaos with continuous inflation in rise

The Zimbabwe’s inflation rate has exceeded the 1,000% rate in the end of August, going ahead to near 1800% by the end of the year if serious actions are not taken, specialists claim.

Zimbabweans count losses after currency switch

ZIMBABWEANS on Tuesday counted their losses a day after a currency swap deadline that left many with wads of worthless old banknotes the government says had become a tool for black market trade.
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