A new report says that capital flight from sub Saharan Africa reached an astonishing $607 billion between 1970 and 2004 and that total is continuing to the present day to the tune of between $20 billion and $28 billion a year.

THE army yesterday warned the Somali community living in Uganda to cooperate with security agencies to avert the looming terror attack.

The market fundamentals of the Nigerian capital market are strong with many quoted companies still posting mouthwatering profits.

The International Monetary Fund should have anticipated and acted to address the crisis destabilising global markets, Finance Minister John Michuki said on Saturday at the IMF annual meeting in Washington.

As the global financial crises bites harder across the world, and governments brainstorming on measures to curtail the crises, the survival of two banking giants Morgan Stanley and Goldman Sachs Group Inc., now hands on the intervention of the United States and equity investment by Japan's Mitsubishi UFJ.

The Robert Johnson Group of Companies and the Overseas Private Investment Corporation (OPIC) have agreed to establish a USD$100 million Finance Protocol which will promote investment in Liberia.

The ongoing collapse of western financial institutions, which had its beginnings in Wall Street USA, has become a truly frightening spectacle.

Ugandan duo Pato and Aydee of Goodenuff production are off to USA after thrilling Scandinavian audiences. The Ngoni USA tour which kicked off on the 27th September in Chicago, Illinois at the Trinity Parish Hall,125 East 26 Street, Chicago il60616.

Hewlett-Packard a United States based technology firm is intensifying the war against counterfeit products in Uganda, with an aim to protect its customers from buying damaging products and business losses.

The US Trade and Development Agency and the ministry of energy have signed a $572,000 (Shs972.4 million)grant to develop the potential for a biofuel market.

Authorities in Moroto district are accusing a United Nations humanitarian Organisation operating in the region for undermining development.

RENOWNED American televangelist TD Jakes who was expected in Zambia and was scheduled to officiate at the Africa Global Summit has postponed his coming for fear of a mysterious disease that was reported last week to have killed some people.

The world has elected Barack Obama president of the United States. It is now waiting to see if the Americans will reject him on November 4.

Kenyans were mystified recently when in a lightning coup, South Africa's ruling African National Congress ousted state President Thabo Mbeki.

The United States is startled by attacks on its ambassador for efforts at bridge-building with the incoming administration.

Power of incumbency and the lack of patriotism are the major factors militating against the nation's young democracy.

As we witness the downward spiral of global stock markets and spectacular collapse of some of the strongest financial institutions in the world, the assumption that the great depression of 1929 is the worst economic crisis in modern times, is just about to pass.

United States Republican presidential nominee John McCain told an interviewer in 2006 that "Politicians go around and say 'this is the most important election in history.'"

The state is on the march globally, its mission: Save financial markets from collapse.

Rick Skeen cut a lonely figure on a cold Tuesday by the highway outside Belmont University where the Nashville leg of the US presidential election debate between Barack Obama and John McCain was to take place that night.

Democratic Presidential candidate Barack Obama on Saturday adjusted his message with a call for parents to guide their children.

Before you change your base to live in America, you may need to read the 'Rage of Love.' Most Africans abroad have broken homes because they don't understand Americans, who naturally and culturally do not believe in marathon relationship.

The global financial system has been shaken lately by the failure of Lehman Brothers, the 4th largest investment bank in the United States. Merrill Lynch, another giant in the United States (US)and world financial markets, was barely rescued by a $50bn hurried lifesaving buyout by the Bank of America while the US Federal Reserve, which is the equivalent of our own Central Bank, wedged the ...

As we meet today, risks to the global economic environment are the most serious and challenging in recent memory.

In the preceding articles in the above series in this column, we tried to draw the attention of our readers to the rapidly increasing national debt and the oppressively high cost of servicing.