Monday, 13 October 2008
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Sick pilots ground Zimbabwe airline

Air Zimbabwe, the country's state-owned carrier, said Friday it had suspended flights with immediate effect because most of its pilots were sick. In a statement, the carrier said all flights Friday and Saturday had been cancelled, and that the situation would be reviewed later.

 
Egypt increases oil output by 55,000bpd

Oil output in Egypt has increased by 55,000 barrels per da y, bringing the North African nation's oil production to 700,000bpd for the first time in 14 years, the official MENA news agency rep orted. Egypt is one of the largest oil producers in North Africa. The news came as part of a report 
 
Kufuor urges intra-regional trade
A three-day Ghana-Nigeria business summit opened in Accra on Monday with a call for more robust intra-regional trade to help them effectively deal with the challenges of the global economic asymmetry. Ghana's President John Agyekum Kufuor said this was also a necessary "building-block" into the global market. The theme of the summit

10-10-2008 | IDB lends Gabon 122b F CFA
The Islamic Development Bank (IDB) has given four loans amounting to 122 billion F CFA to Gabon to finance the construction of the ...
9-10-2008 | Zimbabwe inflation hits over 230 million percent
Annual inflation in Zimbabwe topped 231 million percent in July, jumping 219.8 million percentage points on the June figure, a government statistics agency said Thursday. ...
9-10-2008 | Benin, BOAD transfer Continental-Bank shares to UBA Nigeria
The Beninese government, its National company of marketi ng of oil products (SONACOP) and the West African Development Bank (BOAD) ...
9-10-2008 | Botswana braces for power cuts
The Botswana Minister of Minerals, Energy and Water Resources, Ponatshego Kedikilwe, has informed the nation of impending power cuts resulting ...
9-10-2008 | Study says Morocco to experience budget deficit
Morocco will experience a budget deficit this year if a report by the Moroccan Economic Centre (CMC) is anything to go by. ...
9-10-2008 | Global financial crisis to prompt economic slowdown in Africa
The current global financial crisis is expected to promp t, in the years to come, an economic slowdown in Africa, a continent where most c ountries ...

Read also ...

Islamic insurance launched in Mauritius
Unemployment rate declines in Mauritius
Namibia's international arrivals to hit 1m
Nigeria's foreign reserves drop by US$4.4b
Zimbabwean banker to spearhead Kenya's economic revolution
Bad roads, high fuel prices raise inflation in EAC

 
 
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