Africa's illicit money sent to Western banks The Independent | Several African leaders, their relatives and associates used Western banks, including British ones, to move hundreds of millions of dollars out of their countries and into accounts and companies they controlled, according to a US Senate report released late last week. | It says that, in 2007, Pres...
US promises to fund Kenyas reforms Kenya Broadcasting Corp Written By:VPPS , Posted: Sat, Feb 06, 2010 | Kenya is set to benefit from millions of dollars from the Obama administration through the millennium Challenge Account and increased investment funding through the USAID. | This came to light at a meeting between Vice president Kal...
Fires rage on in the Cape Independent online | Wildfires continued to rage in the southern Cape on Monday with 180 veld and forest fire-fighters on the ground beating back flames at seven different blazes, authorities said. | The head of disaster management in the region, Gerhard Otto, said lat...
Banks prepare South African hospital chain IPO-sources Business Report | * Banks working on IPO of Life Healthcare | Submit your comment | Investment banks are preparing Life Healthcare, one of South Africa's biggest private-hospital operators, for a public listing later this year, people familiar with the matter...
Visa Company Fleeces Travellers of Money, Official Documents All Africa A Johannesburg visa company, operating under the name the Visa House, appears to have swindled at least four people out of thousands of rands and left them desperately trying to retrieve their passports and official documents. | ...
It's Bank Phbust for Chukwumah All Africa Controversies are still trailing the August 14 and October 2, 2009 decisions of the Governor of Central Bank of Nigeria (CBN), Lamido Sanusi, to reform and revitalise the Nigerian money market. Some of the decisions consequently led to the sack of so...
World Bank Impressed With African Govts All Africa The World Bank president has voiced his satisfaction at the actions taken by African governments to deal with the global economic crisis. | ...
Private School Ownership is Not Money-Making Business - Gesinde All Africa The story of Olufunke Oladunni Gesinde, proprietress, Triple Cross Schools, Ogba Ikeja, Lagos, could be likened to the Biblical injunction of never despise the day of a little beginning. With only six pupils when she opened shop in 1994, she now has ...
WN / marzena
Indian Hotels to run three high-end hotels in Egypt DNA India | Cairo: Indian Hotels Co Ltd, which owns the Taj luxury chain, has inked an agreement to run three high-end hotels in Egypt developed by Palm Hills Developments, the Egyptian deve...
Millions more face poverty in crisis: World Bank DNA India | Addis Ababa: Tens of millions more people in Africa and elsewhere will be driven into poverty this year even though the world is recovering from the global financial crisis, Worl...
Gathafi: no need for NGOs in 'entirely civil' Libya Middle East Online TRIPOLI - Libyan leader Moamer Gathafi said on Thursday the concept of civil society has no place in his country. | In a televised address to the General People's Congress (GPC), G...
Aureos raises $381 million for new Africa fund Business Report | Submit your comment | Private equity fund manager Aureos has closed to new investors a fund investing in small and medium-sized businesses in Africa at a total of $381.1 million (R3 billion), the company said on Monday. | The fund aims to ma...
Bank of Uganda Denies Chogm Scam All Africa BANK of Uganda has denied reports that a senior bank official stole or connived to steal money that was meant for Mulago Hospital to prepare for the Commonwealth Summit. | ...
Cabinet Meeting Focuses On National Solidarity Fund All Africa President Zine El Abidine Ben Ali chaired on Friday a cabinet meeting focusing on the program of activities of the National Solidarity Fund for the current year. | ...
Citi sells shares worth Rs 480 cr in Indian cos Indian Express | Foreign fund house Citigroup Global has sold shares valued over Rs 480 crore of 35 Indian companies, including bluechips like Reliance Industries, Wipro and Infosys. | Interestingly, the shares sold by Citigroup Global Mauritius in the open market through the block deal counter of the Bombay Stock Exchange have been bought by another private fund...
