Nigeria: Govt Still Repaying 50-Year-Old Loans
Monday, September 06, 2010
Some of the loans Nigeria is currently re-paying were obtained immediately after the nation attained independence in October 1960, according to Dr Abraham Nwankwo, Director-General of the Debts Management Office (DMO).
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Source of news: southafrica.info
More Finacial News:
SA 15th on emerging markets index
Monday, June 28, 2010
With emerging market optimism running high, South Africa will need to "keep its eye on the ball" if it wants to improve its ranking in the emerging markets opportunity index, says consultancy Grant Thornton, after the country slipped from 13th to 15th place - while remaining the highest-ranked African country on the index.
Govt eyes compulsory car insurance
Monday, June 28, 2010
The government is considering making third party insurance a requirement in the country, though it is still a while away from becoming reality. It is understood the insurance being considered will involve a basic level of vehicle damage cover, with motorists being able to top this up with private cover.
Zuma calls for speedier IMF reform
Monday, June 28, 2010
Addressing a plenary session at the G20 Summit that took place in Toronto, Canada, President Jacob Zuma called on the heads of state of the world's leading economies to push for speedier reform of international financial institutions, especially the International Monetary Fund.
Africa is open for business: Zuma
Friday, June 25, 2010
Africa can no longer be viewed only as a destination for development aid - the continent is open for business, South African President Jacob Zuma told G20 business leaders in Toronto, pointing out that sub-Saharan Africa's current growth rate was surpassed only by China and India.
Africa Finance Blog
From the IRD: From "Bucket" to "Supermarket Milling"Thursday, January 26, 2012Originally appearing on the website of International Relief and Development, this article chronicles how AgriTrade, a microloan credit facility, helped one Zimbabwean miller.
The Changing Face of AfricaWednesday, January 11, 2012What a change a decade makes. Africa has come a long way since the
Economist headline of May 11, 2000 which referred to Africa as “The Hopeless Continent”.
Ngozi Okonjo-Iweala on the United Nations′ Millennium Development GoalsThursday, December 22, 2011In 2009 at the Davos conference, Wilmot Allen interviewed former managing director of the World Bank, Ngozi Okonjo-Iweala, about her opinions of the Millennium Development Goals, established by the United Nations. She is currently Nigeria\'s minister of finance.
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