April 02, 2009
Africa: G20 Leaders Promise Billions for Low-Income Nations
The leaders of the world's 20 biggest economies, recognizing that the global financial crisis has "a disproportionate impact" on vulnerable people in poor countries, have promised… Read more »
September 18, 2008
Kenya: Mobile Phones Become Bank Branches
Safaricom’s M-Pesa was launched in Kenya just over a year ago as a mobile money transfer service. Now the service has more than three million customers and has virtually… Read more »
January 31, 2008
South Africa: Central Bank Bows to Global Pressure
Bowing to the "uncertain and volatile" world economic climate, South Africa's central bank today resisted pressure to increase interest rates to bring down inflation. Read more »
December 17, 2007
West Africa: Central Bank in Stalemate as Politics, Tradition Clash
A rift between heads of state of the eight-nation West African Economic and Monetary Union (WAEMU) has left the bloc's central bank, BCEAO, with an interim governor for over two… Read more »
October 25, 2007
South Africa: Chinese to Invest R36.7 Billion In Local Bank
In a huge deal for South Africa and the continent, one of China's major banks is to buy a one-fifth share of Africa's largest bank. Read more »
September 24, 2007
Africa: Aid Critical To Ensuring Benefits From Trade
While developing and industrialized countries continue to wrestle in the Doha Round of negotiations to reach a new international trade agreement, there is increasing recognition… Read more »
August 16, 2007
South Africa: Central Bank Again Hikes Interest Rates
South Africa's central bank has again increased interest rates in its fight against inflation. Read more »
July 13, 2007
Zimbabwe: Central Bank Pleaded With Govt to Avoid Collapse - Report
Zimbabwe's central bank governor, Gideon Gono, has spent more than three years trying to persuade the government to change course and avoid economic collapse, the Mail and… Read more »
July 12, 2007
Nigeria: Ex-Im Bank Again Denies Approving Financing for Police Fund
The Export-Import Bank of the United States (Ex-Im Bank) has responded to Nigerian press reports by reiterating that it has not at the present time authorized any financing for the… Read more »
June 07, 2007
South Africa: Central Bank Pushes Up Interest Rates
South Africa's central bank today increased interest rates for the first time in six months in an attempt to curb inflation. Read more »
May 18, 2007
Nigeria: Ex-Im Bank Denies Approving Loan for Police Fund
The Export-Import Bank of the United States (Ex-Im Bank) has disputed a recent report that it has granted a loan to Nigeria's Presidential Committee on Police Equipment Fund. Read more »
December 07, 2006
South Africa: Reserve Bank Pushes Up Interest Rate Again
South Africa's central bank today hiked interest rates for the fourth time in six months, increasing the rate at which it lends money to commercial banks to nine percent per… Read more »
February 11, 2005
South Africa: Domestic Progress and Promise Highlighted in Mbeki's Address to the Nation
In his State of the Nation address to the South African Parliament, President Thabo Mbeki has painted a picture of a country which has never in its entire history enjoyed such a… Read more »
October 11, 2004
Egypt: Informal Economy Drives Economic Growth
Egypt's economy received a dismal report card in the World Bank's Doing Business in 2005 report released last month. Nearly a fifth of Egyptian business takes place in the informal… Read more »
July 28, 2004
South Africa: Ten Years Later, Shared Interest Continues Anti-Poverty Mission
Shared Interest, an organization that guarantees loans for thousands of black South Africans, recently celebrated its tenth anniversary. In an interview with AllAfrica's Maria… Read more »
February 12, 2003
Africa: African Development Bank Pulls Staff Out of Ivory Coast
Continuing insecurity, tension and confusion in Cote dIvoire over the fate of the peace process and failure to end the five-month civil war, have triggered a decision by the… Read more »
February 11, 2003
Cote d'Ivoire: New Prime Minister Ponders Consensus Cabinet as Fighting Worsens
There were reports of renewed fighting in Cote dIvoire Tuesday, less than 24 hours after Seydou Diarra was installed as the country's new consensus prime minister - with the… Read more »
February 03, 2003
Nigeria: Between 20 and 30 Killed in Lagos Blast, Bank Looted
At least 20 and as many as 30 people were reported dead, Sunday, in Nigerias main city, Lagos, after an explosion ripped through an apartment and shopping complex and destroyed… Read more »