Peter Harvey talks us through security development In South Africa
Peter Harvey has spent his entire working life at Red Alert, the company his father started in 1981. One must therefore acknowledge that he is in the perfect position to...
Africa: IMF forecasts positive growth for most of Africa
MUCH of Africa is recovering fast from the global financial crisis and the region would register the second-highest growth rates in the world, the International Monetary Fund (IMF) said on...
Nigeria: Unemployment rate hits 19.7%
Finance minister, Dr Olusegun Aganga, while presenting a paper at a seminar organised by the International Monetary Fund (IMF) in Washington DC, United States, on Friday, said that unemployment rate ...
African Recovery Not Benefitting Majority -Graca Machel
Johannesburg — The majority of Africans are not benefiting from the continent's economic recovery, women and child rights activist Graca Machel said on Wednesday. She was speaking at the annual...
Ghana increases producer price of cocoa by 33%
Ghana has increased the producer price of cocoa by 33 per cent for the 2010/11 season, the country's Finance Minister, Dr. Kwabena Duffuor, announced Tuesday.The new price is pegged at...
Nigeria cement business set for $14b listing
Aliko Dangote, Africa’s richest man, plans to list the cement arm of his industrial empire on Nigeria’s stock exchange, in a $14bn share issue that will rank among the continent’s...
Nigeria Sells $698 Million at Bond Sale
Nigeria sold the largest amount of bonds in at least five months at a sale where demand outstripped supply as Nigerian banks seek to invest in “partially risk- free†assets,...
Nigerian opposition push for probe of oil company to douse national controversy of insolvency
APA, Abuja (Nigeria) As controversy trailed the solvency of the Nigeria-owned oil conglomerate and cash cow, the Nigeria National Petroleum Corporation (NNPC), a coalition of opposition parties, the Conference of...
MTN Nigeria on finalized N318bn loan deal with Nigerian banks.
MTN Nigeria on Wednesday finalised a N318bn loan deal with 15 Nigerian banks and two foreign banks. The facility, which experts have said is an indication that Nigerian banks are...
40% African Wealth in Foreign Banks
Lack of development that bedevilled African countries was tied to the stashing away of over 40 percent of the continent`s wealth in foreign banks by African leaders, a situation that...