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Despite the spills of the global financial crisis the banking industry still maintained it bullish mood attracting some $880 million in total assets in the year 2009.
THIRTEEN People on Sunday evening sustained multiple body injuries after the Zambia Army bus carrying sports servicemen and women rammed into a stationary truck near the Chipata-Lundazi Road junction.
South Africa has recorded a R6.7 billion trade deficit in October, the South African Revenue Services (SARS) said on Monday.
An apparent surge in the purchase of African land by foreign companies and governments to grow food and other crops for export has set alarm bells ringing on and off the continent. The headlines have been strident: "The Second Scramble for Africa Starts," "Quest for Food Security Breeds Neo-Colonists," "Food Security or Economic Slavery?"
African countries are ready to conclude the Doha Round on the basis of current proposals, but warn against any attempt to renegotiate them at the seventh ministerial conference of the World Trade Organisation (WTO) that opens in Geneva today. Meanwhile, the Africa Trade Network demands a moratorium on the Doha talks.
The recently signed East African Community Common Market Protocol will also address social and cultural matters, according to a senior East African Community official.
British firm Solo Oil will spend $10.7 million to fund a buyout agreed upon with Aminex for a 12.5 per cent interest in the Likonde-1 well in Southern Tanzania.
A Chinese energy firm has chosen Kenya as its entry point into East Africa, where it expects to invest millions of dollars in the next three years.
Commercial banks in East Africa are losing billions of shillings annually through rogue dealers who are engaging in private foreign currency trading online, taking advantage of improved Internet connections and the 24-hour nature of the business.
ONE of the most significant developments regarding the Government's role of economic management has been the implementation of a budget cycle that will run from January to December of every year.
For the first time in years, Nigeria's Niger Delta seems to be looking up.
Barring any further serious dislocations in the global economy which could affect domestic financial system, the revenue of the Federal Government will hit the N7.59 trillion-mark by the 2012 fiscal year while the aggregate expenditure will hover around N4.65 trillion.
Debt forgiveness to prominent Nigerians and companies is generating furore among shareholders, banking officials and other stakeholders who see it as politically-motivated and undue favour to beneficiaries.
Contribution to the preparation of the Declaration of the World Summit on Food Security
The Central Bank of Nigeria, CBN, says only one apex microfinance banking organisation is acceptable in the sub-sector of the Nigerian economy.
Several normal Nigerians would have been totally crestfallen when they read on Tuesday the story of how the Venezuelan Ambassador to this country, at a moment of truth, brushed aside protocol to pass a vital message to Nigeria about how the country's failures in multiple dimensions is troubling the developing world.
The Federal Mortgage Bank of Nigeria (FMBN) has announced a rebranding campaign tailored to the pursuit of its mandate of assisting every Nigerian to own a house of his or her choice. The bank believes that the exercise would create a new corporate identity for the bank.
The Court of Appeal of Tanzania, which is the supreme judicial authority in the country, has found itself on the receiving end of a judgement by an administrative tribunal.
Now that the power rationing that gripped the country forcing some areas to go without electricity for more than 10 hours is over, the government must start preparing long term strategies that would make the country insulate itself from this perennial power load shedding problem.
The government has launched fish farming projects in the country that will cost over one billion shillings and it is estimate that it will create 120,000 new jobs.
EVERYONE says they support private power producers. No one is actually prepared to sign any of them up. And as it becomes increasingly clear that Eskom is not capable of funding the new power stations SA urgently needs, nor even of building enough of them, the go-slow on private producers becomes ever harder to understand -- or excuse.
MURRAY & Roberts and its partner, HMRT Joint Venture, said on Friday they were battling to recover outstanding payment for work done at the Dubai International Airport Terminal 3 and Concourse 2 project for Dubai 's d epartment of c ivil a viation.
BUSINESS is being hard hit by crime, with incidents against the business sector growing much faster than crime against the general public, an analysis of the South African Police Service's 2008-09 crime statistics by the Institute of Security Studies shows (ISS).
MDC-T leader Mr Morgan Tsvangirai - who has over the years denied the existence of economic sanctions on Zimbabwe - yesterday made a major climb-down and acknowledged the existence of the ruinous embargo.
As FIFA holds an extraordinary general meeting next Thursday in Cape Town, South Africa with the introduction of technology to assist referees in decision-making likely to be high on the agenda, two Botswana soccer figures have warned that the matter must be approached with caution. Staff Writer, FREDERICK KEBADIRETSE reports
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