Business

Abuja, 23 November, 2005— Nigeria’s financial crimes agency has returned US $17 million to a Brazilian bank – the first instalment of $242 million siphoned by scammers, government officials said. The swindle – which led […]

Addis Ababa, 20 November, 2005— Ishac Diwan is the World Bank representative in Ethiopia. The bank is the country’s largest donor, providing some US $450 million of the $1.2 billion in development assistance Ethiopia receives […]

Washington, 20 November, 2005— The U.S. aid agency that manages the Millennium Challenge Account (MCA) expects to provide grants in the current fiscal year to a select group of low-income countries that best match its […]

Washington, 8 November, 2005— The United States’ Millennium Challenge Corporation (MCC) has named 23 countries eligible to apply for funding during the fiscal year that began October 1 (fiscal year 2006). The selected countries from […]

Washington, 8 November, 2005— With the official inauguration of the fourth U.S. Agency for International Development (USAID) trade hub in Dakar, Senegal, November 8, Africa is truly “open for business,” proclaimed USAID’s assistant administrator for […]

Johannesburg, 3 November, 2005— Contrary to fears of deepening unemployment, South Africa’s formal sector is creating 30,000 jobs a month, according to a new study commissioned by the United Association of South Africa (UASA) labour […]

Brazzaville, 27 October, 2005— The government of the Republic of Congo will, at the end of October, suspend payment to 10,865 pensioners registered under two different pension funds, the government information agency, Agence congolaise d’informations, […]

Washington, 20 October, 2005— Rising U.S. energy costs have more to do with strong world economic growth and hurricanes along the U.S. Gulf Coast than with events in the Middle East, say top U.S. energy […]