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.
Wednesday, November 21, 2012
Koneps, or Korea Online E-procurement System, is drawing more attention from abroad than ever, the South Korean Public Procurement Service (PPS) said.
Thursday, November 15, 2012
Cisco Systems Inc., the world's largest maker of computer networking gear, said Tuesday that U.S. companies are starting to spend again, helping Cisco find more solid footing after some shaky months early this year.
Wednesday, November 14, 2012
The number of Africa's mobile subscriptions will reach 761 million this year, making the continent once again the fastest growing market in the world, a research group has claimed.
Tuesday, October 23, 2012
Marissa Mayer, who earned a reputation for decisive action and intensity during her 13-year stint at Google Inc., has spent her first months as Yahoo Inc CEO quietly moving the Internet pioneer back to its roots in technology.
Friday, October 19, 2012
More investment is needed to increase food production in Africa and Asia as rising demand and scarce resources leave millions of people vulnerable to hunger, a corporate-backed report said on Wednesday.