Saturday, January 12, 2013
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.
Monday, January 7, 2013
The rival presidents of Sudan and South Sudan agreed Saturday to abide by timelines to be drawn up to implement a raft of security, oil and border deals stalled for over three months, mediators said.
Thursday, January 3, 2013
The commander of multinational African force FOMAC on Wednesday warned rebels in the Central African Republic against trying to take the key town of Damara, saying it would “amount to a declaration of war.”
A torrent of water surged Tuesday into Sudan's Blue Nile river as President Omar al-Bashir inaugurated the expanded Roseires dam, which officials say should help develop one of the country's poorest, insurgent-hit regions.
Wednesday, January 2, 2013
Zambians on Tuesday woke up to a new year and new bank notes, which lop off three zeros in a bid to address high inflation that made the currency cumbersome to work with.
Wednesday, December 19, 2012
Currency market intervention has cost South America's central banks more than US$13 billion in the last 2 1/2 years but they are likely to maintain their defenses against hot money inflows if a fresh rush of cheap money sparks another round of currency wars.
Almost US$9 billion was illicitly siphoned out of Zambia, Africa's top copper producer over the last decade, according to a report by a U.S. anti-graft watchdog, which highlights how resource wealth is often squandered in the developing world.
Tuesday, December 18, 2012
Schools in Africa have an unlikely new tool against truancy: solar-powered lamps made in Taiwan. Some 100,000 pupils in Burkina Faso, Kenya, Mali and Sierra Leone are using solar-powered light-emitting diode (LED) lamps made by Goldenwell, a manufacturer of rechargeable lithium-iron batteries based in the Taiwanese city of Taichung.
Monday, November 26, 2012
Egypt's stock market plunged on Sunday in its first day open since Islamist President Mohammed Morsi seizure of new powers set off street violence and a political crisis, unraveling efforts to restore stability after last year's revolution.
African governments are stifling telecoms development by failing to sell more bandwidth to mobile phone operators, a mistake that could undermine growth in the world's poorest continent.