Money Transfer: Are Africans getting ripped off?
23/04/2014Africans in the Diaspora are charged twice the global average in taxes to send money to relatives back home, a recent study has revealed. Africans face the highest remittance fees.
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Zimbabwe Faces Economic Challenge
17/04/2014The economy remains under pressure with companies reportedly laying off workers or shutting down, unemployment and inflation rising while the government looks seemingly clueless on how to deal with such.
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Business & Economy
Nigeria’s GTBank Plans Africa Expansion
15/04/2014Leading Nigerian financial institution, Guaranty Trust Bank (GTBank) has announced plans to expand its operations in Africa over a three-year period. The bank, which recently acquired a 70 percent stake.
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Business & Economy
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Ex-Im Bank Signs $100 Million Agreement with PTA Bank
14/04/2014Washington, DC – Fred P. Hochberg, chairman and president of the Export-Import Bank of the United States (Ex-Im Bank), and Admassu Tadesse, president and chief executive of the Eastern and.
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Business & Economy
Nigeria Poised To Join Top 15 Largest Economies By 2050
14/04/2014Following the recent GDP rebase which saw Nigeria displace South Africa as Africa’s largest economy, global financial rating firm Moody’s has forecast exponential growth in Nigeria’s GDP, predicting a rise.
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Nigeria Emerges Africa’s Largest Economy
07/04/2014Nigeria will today be declared Africa’s largest economy as a result of the rebasing of its economy. Sources close to the Ministry of Finance and the National Bureau of Statistics.
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Business & Economy
Madagascar On A Long Path to Economic Recovery
31/03/2014After a five year suspension Madagascar will be reintegrated into the International Organisation of La Francophonie (OIF), according to its Secretary General Abdou Diouf speaking Friday in Paris. Diouf said.
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Business & Economy
Expectations High As Nigeria Annouces New Central Bank Governor
28/03/2014Nigeria’s Senate yesterday approved the appointment of Godwin Emefiele as Governor of the Central Bank of Nigeria (CBN). Emefiele, who is currently the Managing Director of Zenith Bank Plc, was.
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Business & Economy
Cash confusion: The country where shoppers can pay with eight different currencies
20/03/2014Zimbabwe’s multi-currency confusion and hyper-inflation, Zimbabwe must be the only place in the world to have eight currencies as legal tender – none of them its own. For the last.
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Business & Economy
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Kenya Opens Market To Ethiopian Investors
19/03/2014Kenya says it has opened its doors to Ethiopian companies to trade on the Nairobi Securities Exchange (NSE), as a way of encouraging the East African country to ease its.
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