UN Secretary-General Ban Ki-moon has called on countries " to act boldly and in solidarity to prevent the global financial crisis from turn i ng into a prolonged human crisis''. "Global solidarity is necessary and in the interest of all,'' he said in a speec h at Harvard University in Cambridge
A three-day Ghana-Nigeria business summit opened in Accra on Monday with a call for more robust intra-regional trade to help them effectively deal with the challenges of the global economic asymmetry. Ghana's President John Agyekum Kufuor said this was also a necessary "building-block" into the global market. The theme of the summit
IBM Corporation has opened i ts first regional Global Service Delivery Centre in Egypt, with the state-of-the-art centre expected to employ at least 100 people initially, and eventually house up to 1,000 people in the coming years, the firm said. The centre will provide business consulting and software-related services to clients in the Middle
One of the operators of the global system of mobile communications (GSM) in Nigeria, Globacom, has hit a subscriber base of 20 million as it marks its fifth anniversary. The company, which is the second national telecommunications operator, said in a statement
The Central Bank of Nigeria (CBN) has concluded plans to outsource its currency processing and distribution function to a private firm as a way of promoting efficiency and effectiveness in currency management, a senior bank official said.
America's Millennium Challenge Corporation (MCC) and the government of Burkina Faso have signed a US$480.9 million Millennium Challenge Compact, according to a US state department release made available to PANA here.
Efforts by Malawi to achieve sustainable development and poverty reduction received a boost on Wednesday in Tunis, where the Board of Directors of the African Development Bank (AfDB) Group approved a loan and two grants
Namibia's electricity sector could be the toast of investors with increasing demand for power in the country presenting substantial and lucrative investment opportunities for the international and domestic investor, analysts said. An analysis of the potential of Namibia's electricity generation sector's capacity to attract investment by a global
About 20 Dakar-bound passengers of Air Senegal were stra nded at the Banjul International Airport, Gambia, following the third cancellati o n of their flight, without any plausible reason, PANA was reliably informed here Monday. Sources told PANA the passengers booked to travel on the airline
With Nigeria's power generation at perhaps an all-time low, President Umaru Yar'Adua announced Friday in Paris that his administration would formally declare an emergency in the country's power sector next month, the Nigerian state house said in a statement here.
The creation of a common market in West Africa is critic al to the effective integration of ECOWAS member-states in the global market, Pr e sident of the commission, Dr. Mohammed Ibn Chambas, has declared In his keynote address at the ECOWAS anniversary dinner/lecture, held here recen tly
Japanese Prime Minister Yasao Fakuda has pledged to doub le international assistance to Africa and bolster direct investments in Africa's industrial sector through increased financial assistance and participation of Ja p anese private enterprise.
