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Momentary financial difficulties face Sierra Leone

Serious financial difficulties has rendered the government in Sierra Leone unable to pay university lecturers and school teachers, as well as the monthly salaries of civil servants, finance minister John O. Benjamin alarmed in Freetown.

US cancels Sierra Leone’s US$58m debt

The US and Sierra Leone Thursday signed a bilateral debt relief agreement, under which the US cancelled its share (US$58 million) of the US$363 million, owed by Sierra Leone to Paris Club creditors

Mauritania to establish economic and social council

Mauritania is planning to establish an Economic and Social Council (CES) in the months to come

Bank governors of AMU, UMB convene in Nouakchott

Bank governors of the Arab Maghreb Union (AMU) Thursday convened their 11th conference here simultaneously as their counterparts of the Union of Maghreb Banks (UBM) are holding their ninth conference to harmonise banking issues in the subregion

Kenya, Libya sign ‘cheap’ oil agreement

Kenya and Libya have signed an agreement that will see the east African country import oil at cheaper rates from Libya, a government source disclosed here Thursday.

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.
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