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ECB unveils massive Quantitative Easing boost for eurozone

ECB President Mario Draghi on why the bank has decided to implement QE The European Central Bank (ECB) says it will inject at least €1.1 trillion into the ailing eurozone economy. The ECB will buy...

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New TZ Transport Minister castigates Air Tanzania over debts

Tanzania Transport Minister Samuel Sitta (left) accused Air Tanzania officials of negligence and sabotage. The recently-appointed new Minister of Transport in the Tanzanian government, Samwell Sitta,...

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Libya calls for protection against oil pipeline saboteurs

Libyan oilfields have become a target among the warring tribes of the country since Col Gaddafi was overthrown. Libya’s National Oil Corporation is urgently calling for more official protection for its...

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Investors reminded Africa comprises of 54 countries – not one

Ecobank’s CEO Albert Essien: Africa is a continent of 54 countries, not one. Investors attending the 4th Conference on Managing Africa have been told to view Africa not as one country but a continent...

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Uganda facing dilemma over digital switch

Signet-Uganda, a subsidiary of the Kenya Broadcasting Corporation which has been contracted by Uganda Broadcasting Corporation to provide digital transmission. By Ruth Namatovu With just 10 weeks to...

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Rising food prices in Uganda biting into people’s budgets

BOU Governor Emmanuel Tumusiime Mutebile: “…core inflation will rise to around 5 per cent by the middle of 2015, and to 7.9 per cent by June 2016.” By Ruth Namatovu in Kampala – Uganda Prices in the...

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London Stock Exchange to host second BVRM conference

Nialé Kaba, Côte d’Ivoire’s Minister of Economy and Finance, will provide an opportunity to represent the financial centre of the West African Economic and Monetary Union The Bourse Régionale des...

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Nigerian Minister to replace Kaberuka as AfDB President

Nigeria’s Akinwumi Adesina who will take over from Rwanda’s Donald Kaberuka as the new AfDB president. By Joe Bavier in Abidjan Nigeria’s Agriculture Minister Dr Akinwumi Adesina is set to replace...

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Ade Ayeyemi appointed new Ecobank Group CEO

University of London’s educated Ade Ayeyemi who is the new Group CEO of Ecobank. By Richard Uku Ecobank Transnational Incorporated, parent company of the Ecobank Group, the leading pan-African bank...

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Iraq upgrades oil-rich Basra Province

Iraq Oil refinery in Basra The South Refineries Company (SRC), part of Iraq’s Ministry of Oil, has granted a contract to Technip SA and Tokyo-based UNICO International Corporation for the...

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