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Tuesday, May 7, 2013
South Africa's embattled state airline has borrowed about US$170 million to cover operating costs amid crippling financial trouble, a spokesman said on Monday.
Thursday, April 11, 2013
Fast growing Africa could be a dominant force in the world's economic landscape for decades to come if the continent gets its act together, top Goldman Sachs economist Jim O'Neill said Tuesday.
Monday, April 8, 2013
Egypt economy 'worrisome,' needs action: minister
Egypt's economic situation is “worrisome” and it needs quick measures to restore economic activity, the planning minister told the state news agency MENA on Saturday as Egypt holds talks with the IMF on a US$4.8 billion loan.
Tuesday, March 26, 2013
West Africans turn to technology to tame traffic
If you own a mobile phone and spend sunrise to sundown watching the traffic pass in Ghana's capital, then Iddrisu Mohammed wants you to be his spy.
Thursday, March 21, 2013
The chances of establishing an offshore yuan center in Africa are high, as trade settlement in the currency continues to surge and sound regional trade on the continent facilitates forming a yuan pool, a senior executive of Standard Chartered Bank said on Tuesday.
Friday, March 15, 2013
Andy Rubin has stepped down as the executive in charge of Google's Android operating system for smartphones and tablet computers, ending a seven-year reign that reshaped the technology industry.
Monday, March 11, 2013
Egypt, Tunisia strive to woo back tourists
Two years after the Arab Spring uprisings, Tunisia and Egypt are trying to win back holidaymakers in a lifeblood sector for both countries which are gripped by renewed political crisis.
Tuesday, February 26, 2013
Turmoil in Tunisia? Conflict in Mali? Fraught elections in Kenya? Investment in Africa is thriving regardless.
Tuesday, February 12, 2013
A run on Egypt's pound has left foreign currency in short supply and driven some dealers into the streets in search of people with U.S. dollars to sell, spawning a new black market.
The head of Egypt's central bank, Faruq el-Okda, has resigned and will be replaced by his ex-deputy Hisham Ramez, the president's spokesman Yassir Ali said on Thursday at a news conference attended by both men.
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