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Tuesday, May 15, 2012
Nigeria fines cellphone carriers US$7.3 mil.
Regulators in Nigeria have fined four mobile phone carriers a total of US$7.3 million over poor service in a nation that depends on cellular phones for communications, a spokesman said Sunday.
Monday, April 9, 2012
African nations joining the elite club of oil and gas producers should invest in education and roads while supporting traditional sectors to avoid the “oil curse” trap, the head of the African Development Bank (AfDB) said.
Friday, March 30, 2012
Ratings agency Standard & Poor's on Wednesday cut South Africa's outlook from “stable” to “negative,” citing slow economic growth and persistently high unemployment rates.
Monday, March 26, 2012
Electronics makers craft products for challenging but vital African market
From solar-powered lights to televisions that can withstand power blackouts, electronics mega-firms are wooing African consumers with products that target local, often challenging, environments.
Monday, March 19, 2012
Zimbabwe's forcing of foreign firms to hand over a 51-percent stake will scare away much-needed investment, with no clarity on how the cash-strapped state will fund its big stick approach, analysts say.
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Monday, February 27, 2012
Sudan has lost billions of dollars in oil receipts since the south gained independence last year, and is plagued by soaring prices and a weakening currency, with no economic solution in sight for the bankrupt nation, analysts say.
Friday, February 24, 2012
European governments have opened the way for a radical offer of “debt relief” for Arab North African and Middle Eastern neighbors, EU and governmental sources told AFP late Wednesday.
Thursday, February 9, 2012
Nationalization is not an option for South Africa's troubled mining industry, the country's mining minister told an international audience Tuesday, earning praise from those who advise potential investors.
Wednesday, January 18, 2012
A military crackdown on protests in Nigeria drew harsh criticism on Tuesday after the country's unions ended a weeklong strike over fuel costs following the president's decision to reduce petrol prices.
Saturday, January 14, 2012
The International Monetary Fund confirmed Thursday it was sending a mission to Egypt to discuss possible financial aid to the country, even as analysts cautioned that the potential lifeline may not be enough to stem serious economic worries that materialized following former President Hosni Mubarak's ouster.
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