Nigerian foreign reserves drop by US$220 million
Nigerian foreign reserves dropped to US$37.242 billion in the four days preceeding Friday, June 22, 2012, according to Central Bank of Nigeria (CBN)
Finance
Further declines set for Zambian currency
The kwacha is one of the weakest global currencies. (Image source: Simon Summers)
The weakened Zambian kwacha (ZMK) is set to worsen, according to foreign exchange analysts, as the outlook for the global economy remains bleak for 2012
East African block to create 56,000 new jobs
Tanzania is to lead East African countries in creating more than 56,000 employment opportunities over the next five years, according to Ernst and Young
G4S announces African expansion plans
G4S plan to extend business into three new African countries in the next year. (Image source: G4S.com)
One of the world’s largest security companies, G4S, has made clear their intention to expand and enhance their already significant operations in Africa
Tanzania predicts economic boost after power systems improvement
Officials predict an increase in Tanzanian economy for this year. (Image source: Sanja Gjenero)
Tanzania’s economy is expected to hit the seven per cent mark this year, higher than the 6.4 per cent it attained last year
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