Jun 6th, 2012
Nigeria’s naira currency eased further against the dollar on the interbank market on Wednesday, to its weakest level since Dec. 29, as demand for the dollar outpaced supply, traders said on Wednesday. The naira was trading at 163.05 to the dollar at 1047 GMT, weaker than the 162.56 it closed at...
Feb 9th, 2012
WINDHOEK, Namibia, February 9, 2012/African Press Organization (APO)/ — On February 6, 2012, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Namibia.1 Background The Namibian economy rebounded strongly in 2010 following the mild contractio...
Jan 30th, 2012
ALGIERS, Algeria, January 30, 2012/African Press Organization (APO)/ — On January 11, 2012, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Algeria on a lapse of time basis.1 Background Despite an uncertain international economic environme...
Jan 20th, 2012
Egypt’s central bank has tightened its rules for importers who want to transmit funds, a move analysts say seems designed to close a loophole that has allowed businessmen to shift capital abroad without bringing goods into Egypt. Egypt’s central bank has been spending about $2 billion in ...
Apr 15th, 2011
South African President Jacob Zuma on Friday added his voice to criticism of the United States for pursuing loose policies that he said are putting the world economy at risk. Speaking at the Boao business forum on the southern Chinese island of Hainan, Zuma said the global financial crisis had expose...