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American Nightmare: Will It Take "Riots" For Republicans And Big Business...

There's so much cash out there that a recent Wall Street Journal article reported that Bank of New York Mellon, instead of paying out interest, was set to start charging companies a fee for any new deposits in excess of $50 million.

Emerging Trend Towards Establishing Offshore Tax Havens in Africa

There is an emerging trend in Africa towards establishing our own offshore centres. One argument we hear is that it would modernise the African financial sector, and streamline the red tape in many countries

Africa Must Rise Against Western/White Imperialism

NATO has been bombing houses and killing families and children in their hundreds in Libya. It has also struck pipelines of the Great Man Made River Libya's main water supply this means that the Libyan people will die of thirst because they have no other source of drinking water.

World Bank Plans More Than $500 Million in Response to Drought...

On the eve of the international emergency summit on the unfolding tragedy in the Horn of Africa, the World Bank today announced it is providing more than $500 million to assist drought victims, in addition to $12 million in immediate assistance to help those worst hit by the crisis.

Rwanda, DRC, Burundi Plan Massive Hydroelectric Power Plant

Rwanda,Burundi and DRC Water Ministers last week signed a convention under the umbrella of Economic of the Great Lakes Countries(CEPGL) to mark the end of a 2 year technical feasibility study on Ruzizi III hydroelectric Project.

South Korea's Exim Bank Eyes Investments in Ethiopia

The Exim Bank of South Korea has concluded an agreement with the Ministry of Finance and Economic Development (MoFED)in order to support Ethiopian agriculture, infrastructure and manufacturing investment sector.

Cash Limit to Boost Competition Among Banks in Nigeria

Standard Chartered Bank has said the proposal by the Central Bank of Nigeria (CBN) to limit daily cash withdrawal and lodgment in the country will strengthen competition among banks.

Ethiopian Economy May Expand 7.5% This Fiscal Year; Slow in 2012,...

The growth and investment objectives of the new five-year Growth and Transformation Plan (GTP) are ambitious. The mission urged the authorities to the pace implementation of the plan to avoid any further overheating of the economy.

Investors Swoop on Tourist Company's Shares in Nigeria

Investors of the Nigerian Stock Exchange (NSE) on Thursday swooped on the shares of Tourist Company Nigeria when a total of 160 million shares; valued at N761.040 million were traded in one deal.

Russian Bank Set to Invest Billions in Africa By 2014

Chief Executive Officer of Investment bank, Renaissance Capital has said his bank expects to invest about $2 billion in Africa by 2014, adding that African economies can outpace the fastest-growing countries in Asia if managed properly.