Business

Berlin, 13 January, 2004— Federal Reserve Chairman Alan Greenspan says that global current account imbalances will be defused with ”little” disruption as long as globalization is allowed to progress and make the international financial system […]

Geneva, 12 January, 2004— After dropping for two years, foreign direct investment (FDI) in 2003 remained flat at $653 billion, but should rebound in 2005, the United Nations’ think tank on global financial flows and […]

Washington, 8 January, 2004— Responding to the government’s request for assistance in sparking greater bottom-up economic growth, the World Bank has approved a US$32 million credit to Nigeria for micro, small, and medium enterprise development. […]

Douala, 6 January, 2004— The anglophones of southwestern Cameroon have lived in an uneasy alliance with the francophones that dominate the rest of the country since 1961, but the heavily used bridge that joins the […]

Harare, 26 December, 2003— As the official inflation rate hits a record 620 percent, all Zimbabweans are feeling the pinch, but it is the country’s pensioners that are especially hard-pressed. ”Ten years ago pensioners lived […]

Abidjan, 24 December, 2003— The United Nations Development Programme (UNDP) has agreed to manage a fund of donor money contributed to support the transitional government of Guinea-Bissau as it leads the country back to democracy. […]

Antananarivo, 15 December, 2003— Aggressive attempts by Madagascar to curb corruption and kick-start economic development have begun to bear fruit after a political crisis in 2002 threatened to undo many of the economic gains made […]

Dar Es Salaam, 12 December, 2003— Delegates at an international conference on tourism on Friday recognised and vowed to develop the potential that the industry has in the promotion of peace and reduction of poverty. […]