Most Recent World News

Ex-Im Bank Finishes Fiscal Year Strong, Providing over $5 Billion to Finance U.S. Small Business Exports and Supporting over 160,000 American Jobs

Washington, D.C. – The Export-Import Bank today unveiled its total authorizations and the value of the U.S. exports it supported in Fiscal Year 2014, including its strong support for small.

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Nigeria’s Foreign reserve now $38bn — Okonjo-Iweala

The nation’s foreign reserve currently stands at $38 billion, the Coordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala, disclosed yesterday. Speaking at the Public Affairs Forum,.

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New Development Financing Models for Africa

By Bunmi Oloruntoba If Africa’s growth and dynamism is to be sustained, the continent’s ability to finance future infrastructure development cannot be left to vagaries of foreign aid allocations but.

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Ethiopia’s Economy Records Growth In GDP

The Ministry of Finance and Economic Development has announced that Ethiopia’s Gross Domestic Product (GDP) has reached 1.5 trillion birr, and registered an estimated 10.3 percent economic growth last Ethiopian.

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Oil rich Angola Want To Make Global Impact

Angola’s recent election to the UN Security Council is part of a wider bid to polish its veteran president’s image and transform the fast emerging oil-rich country into a regional.

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South Africa’s Finance Minister’s New Plan For Economy

Finance Minister Nhlanhla Nene says major structural shifts to the economy are being implemented in order to accelerate growth. Addressing the National Assembly when he tabled the Medium Term Budget.

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Mali Leans On China As Investments Across Africa Heighten

In the Malian capital Bamako, mobs screamed welcoming president, Ibrahim Boubacar Keita, who returned from China in early September. The popular reception was related to China’s commitment to make unprecedented investments,.

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Business in Nigeria: Africa’s testing ground

To make it big in Africa, a business must succeed in Nigeria, the continent’s largest market. No one said it would be easy IN 2001 MTN, a fledgling telecoms company.

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Angola To Overtake Nigeria As Africa’s Top Oil Producer– IEA

Angola is set to take over from Nigeria as Africa’s largest crude oil producer come 2016 to early 2020s, as a result of crude theft and regulatory uncertainties persist in.

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Chinese Yuan and US dollar compete in African markets

A number of African central banks are applying to the Chinese Central Bank for currency swaps, with Zimbabwe and Ghana already using the RMB as part of their reserve currency..

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