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Egyptian Economy Worst Than Previously Thought

AFRICANGLOBE - Egypt's newly-appointed finance minister said on Wednesday that political instability would cause the economy to grow more slowly this year than earlier official forecasts showed, with the budget deficit also bigger than thought.

Zimbabwe’s Economy On Recovery Path

AFRICANGLOBE - Zimbabwe's Finance Minister says his country’s economy is on the path to recovery after decades of decline and will meet all its financial obligations for this year. . Cars speed along in Harare, Zimbabwe’s capital city. The formation of a coalition government in 2009 by President Robert Mugabe and Prime Minister Morgan Tsvangirai has led to the sound of constant activity in the city.

Nigerian Finance Minister’s Mother Rescued from Kidnappers

AFRICANGLOBE - The Nigerian Police has confirmed the release of Prof. Kamene Okonjo, mother of Nigerian Finance Minister Ngozi Okonjo-Iweala, five days after her...

Kidnappers Seize Mother of Nigeria’s Finance Minister Okonjo Iweala

AFRICANGLOBE - Gunmen, yesterday, raised the stake when they abducted the mother of Nigeria's Minister of Finance, Prof. Okonjo Iweala, Professor Kamene Okonjo, in...

Nigeria Approves N4.9 Trillion Budget for 2013

The Government of Nigeria is expected to spend the sum of N4.929 trillion under the 2013 budget even though it is projecting revenue of...

Nigerian Finance Minister Up for World Bank Top Post

Nigerian Finance Minister Ngozi Okonjo-Iweala is to run for the position of the next World Bank chief, it emerged on Friday. South Africa's Finance Minister...

Congolese Presidential Adviser Dies in Plane Crash Minister Also Injured

A Congolese presidential adviser was killed and finance minister injured in a plane crash which occurred in the eastern part of the Democratic Republic...

Africa ‘Rising Above Aid’

While the government budget in countries such as Tanzania still depends on donors by around 30 per cent, an increasing number of African countries are beginning to step away from aid dependency, as the domestic private sector becomes the engine of growth across much of Africa.

Africa's Economy: Good Boom, Bad Timing

Africa has picked a really bad time to launch its economic boom, says one finance minister resignedly. In Washington for the World Bank and International Monetary Fund annual meetings on 23-25 September, he had just heard the Bank's Chief Economist for Africa, Shantayanan Devarajan, talk about the continent's 'robust growth