Economy

By IndepthAfrica
In Article
Jan 8th, 2012
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Dear Compatriots: 1. A week ago, I had cause to address Nigerians on the security challenges we are facing in parts of the country, which necessitated the declaration of a state of emergency in 15 Local Government Areas in four states of the Federation. That course of action attracted widespread supp...
By benim
In Business
Jan 2nd, 2011
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34 Views
Kenya Commercial Bank (KCB) expects a successful referendum in southern Sudan and an improved investment climate to allow it to double its branches there in the next five years, its chief executive said. Political stability and security in the south are likely to attract international investors who f...
By benim
In Analysis
Dec 27th, 2010
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113 Views
The South African Foreign Minister, Maite Nkoana-Mashabane said that her country has received a formal invitation to join BRIC, reported by the news agency AFP. The BRIC – Brazil, Russia, India and China are group of emerging nations with large and dominating economies in their own corners of t...
By benim
In Business
Dec 27th, 2010
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32 Views
Malawi will in the coming months invite bids from investors willing to build a 300 megawatts coal-fired power plant to meet its rising demand for electricity, Energy Minister Grain Malunga said on Sunday. Malawi has estimated coal reserves of 22 billion tonnes, according to the government, mainly loc...
By benim
In Business
Dec 27th, 2010
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34 Views
Higher world oil prices pushed Algeria’s trade surplus up to $14.80 billion in the first 11 months of 2010 from $4.70 billion in the same period last year, official figures showed on Saturday. Exports were up 26.8 percent to $51.27 billion from $40.44 billion in January-November 2009, while imp...
By benim
In Business
Dec 27th, 2010
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23 Views
Egypt’s gross domestic product is expected to grow by about 5.8 to 6.0 percent in the fiscal year to end-June 2011, the ruling National Democratic Party said in a statement on Saturday. The government had been predicting growth of 6 percent during the year. Its economy grew by around 7 percent ...
By benim
In Egypt
Dec 25th, 2010
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CAIRO – Egyptian President Hosni Mubarak on Saturday set his sights on an ambitious annual 8 percent economic growth rate over the next five years, laying out his policies ahead of next year’s presidential election . The 82-year old Mubarak, Egypt’s longest serving president, in office si...