Malawi has been granted approximately US$40 million by The African Development Fund (ADF), part of the African Development Bank (AfDB), to cushion vulnerable groups from the negative impacts of recent economic reforms
Economy
Sudan puts economic hopes in US$1 billion sugar factory
Sudan has opened its long-awaited US$1 billion White Nile Sugar factory, which is expected to lift the country out of its current economic decline
Tax relief proposed to encourage South African MNC trade across continent
Experts have welcomed proposals on double taxation in the Taxation Laws Amendment Bill released by the South African National Treasury to aid the countrys multinational companies do business across the African continent
Zimbabwe Stock Exchange to introduce automated trading system
Plans are underway to introduce an automated trading system to the Zimbabwe Stock Exchange (ZSE), after the manual operations have impacted on the growth of the exchange
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)