Rss/rsscompary_8273.aspxprbd.net - Submit Press Release and get wide media coverageCopyright 2011 prbdhttps://www.prbd.net/news_22546.aspxThe dollar rose against the euro as a block of bad news about the euro zone crisis hit the single currency.Thu, 24 May 2012 00:00:00 GMThttps://www.prbd.net/news_24884.aspxThe economic future and national security of the US are compelling reasons to invest in Africa's growth.Fri, 01 Jul 2011 00:00:00 GMThttps://www.prbd.net/news_24702.aspxThe Angolan economy is progressing satisfactorily and by December it might achieve a growth of 7.8 per cent against the 1.6 of 2010, said the minister of Economy, Idalina Valente.Wed, 29 Jun 2011 00:00:00 GMThttps://www.prbd.net/news_24652.aspxThe World Bank and other international donors usually look to the IMF as a seal of approval to lend to governments.Tue, 28 Jun 2011 00:00:00 GMThttps://www.prbd.net/news_24571.aspxSome analysts' said the charges were outrageous and reflect the structural inefficiencies that banks have carried over from the hyper-inflation environment.Mon, 27 Jun 2011 00:00:00 GMThttps://www.prbd.net/news_24456.aspxThe Paris-based adviser points to "reassuring signs" that some producers, including Saudi Arabia, intend to boost output in the coming months to make up for lost Libyan oil.Fri, 24 Jun 2011 00:00:00 GMThttps://www.prbd.net/news_24361.aspxThe Federal Reserve, already under fire from Congress and finance officials around the world, is now coming under sustained attack by Republican presidential candidates.Thu, 23 Jun 2011 00:00:00 GMThttps://www.prbd.net/news_24269.aspxFinancial experts believe the Federal Government does not have to re-invent the wheel to re-structure the economy because all the studies had been done and these formed the road-map.Wed, 22 Jun 2011 00:00:00 GMThttps://www.prbd.net/news_24179.aspxDespite economic promise, Ghana remains a deeply impoverished nation with significant social challenges ahead.Tue, 21 Jun 2011 00:00:00 GMThttps://www.prbd.net/news_24101.aspxThe Science and Environment Minister said forest particularly in the Agriculture and Forestry sectors was responsible for about 40 per cent of the world’s economy.Mon, 20 Jun 2011 00:00:00 GMThttps://www.prbd.net/news_23998.aspxThe Zanzibar budget is a departure from traditional budgets that allocate more spending on recurrent expenditure.Fri, 17 Jun 2011 00:00:00 GMThttps://www.prbd.net/news_23921.aspxWith growing economy, TRA said revenue collection will grow as well because output is the good determinant of tax collections.Thu, 16 Jun 2011 00:00:00 GMThttps://www.prbd.net/news_23847.aspxThe Business Licensing Act is to be amended later this month to adjust fees for all business licensing categories allowing local government to start collecting the taxes on behalf of the central government.Wed, 15 Jun 2011 00:00:00 GMThttps://www.prbd.net/news_23764.aspxThe proposed free trade area would join three existing, and sometimes overlapping, blocs to maximize Africa's budding economic prospects.Tue, 14 Jun 2011 00:00:00 GMThttps://www.prbd.net/news_23682.aspxSwaziland's King Mswati III, who is the chair of COMESA and whose country is battling a fiscal crisis, said time had come for the existing blocs to work together.Mon, 13 Jun 2011 00:00:00 GMThttps://www.prbd.net/news_23594.aspxThe U.S. remains the top donor to Africa, disbursing $7.6 billion in 2009, according to the Organization for Economic Cooperation and Development.Fri, 10 Jun 2011 00:00:00 GMThttps://www.prbd.net/news_23500.aspxAfrica is becoming more integrated in the world economy and its partnerships are diversifying, revealing unprecedented economic opportunities.Thu, 09 Jun 2011 00:00:00 GMThttps://www.prbd.net/news_23423.aspxThe post-election Budget Frame Work paper expected on Wednesday next week among other economic constraints highlights a distressing financial situation brought about by a rising debt burden.Wed, 08 Jun 2011 00:00:00 GMThttps://www.prbd.net/news_23359.aspxThe loan, which must still be approved by the IMF's executive board next month, is to be repaid over five years, with the payments due to begin three years and three months after its disbursement.Tue, 07 Jun 2011 00:00:00 GMThttps://www.prbd.net/news_23298.aspxThe loan grants Egypt a grace period of three years and three months followed by five years to pay it back.Mon, 06 Jun 2011 00:00:00 GMThttps://www.prbd.net/news_23182.aspxUnions and government officials are worried the arrival of the world's biggest retailer will hurt jobs and local manufacturing.Fri, 03 Jun 2011 00:00:00 GMThttps://www.prbd.net/news_23012.aspxThe EFCC Chairman said though Nigeria was yet to have special courts, the crusade for its creation which in 2008 had continued to win more support and advocates across the country.Wed, 01 Jun 2011 00:00:00 GMThttps://www.prbd.net/news_22929.aspxThe multilateral institution said it was ready to make a commitment of $35 billion to the region as part of a broader international effort to help the region.Tue, 31 May 2011 00:00:00 GMThttps://www.prbd.net/news_22888.aspxEgyptian economic analysts said the funding pledged by the G-8 would provide valuable financial support in an economic crisis.Mon, 30 May 2011 00:00:00 GMThttps://www.prbd.net/news_22772.aspxThe team also said the Central Bank of Kenya needs more powers to deal with the management of banks that flout prudential guidelines such as the amount of capital reserves or risks exposure.Fri, 27 May 2011 00:00:00 GMThttps://www.prbd.net/news_22673.aspxMr. Fanizza said the growth was broad-based and the sharing of its benefits was supported by policies to promote financial inclusion.Thu, 26 May 2011 00:00:00 GMThttps://www.prbd.net/news_22619.aspxSouth Africa must find the statesmanship to represent the continent, just as Brazil represents South America, and not just itself. Wed, 25 May 2011 00:00:00 GMThttps://www.prbd.net/news_22467.aspxAcross Africa, India is reaching out with a generous mix of aid, education and technology transfers it hopes will pay rich dividends in the global scramble for natural resources.Mon, 23 May 2011 00:00:00 GMThttps://www.prbd.net/news_22340.aspxThe US Senate Foreign Relations Committee approved the measure by voice vote on Tuesday, a spokesman said Wednesday.Fri, 20 May 2011 00:00:00 GMThttps://www.prbd.net/news_22241.aspxRising commodity prices and growing demand for exports, as well as increased aid and more investment in extractive industries such as mining are the key reasons for the growth, the report stated.Thu, 19 May 2011 00:00:00 GMThttps://www.prbd.net/news_22155.aspxSpeaking at the opening of the first Benguela and Lobito Corridor Business Forum, held Monday to mark the 394th anniversary of Benguela city, Carlos Ferreira said the non-oil sector generates more jobs.Wed, 18 May 2011 00:00:00 GMThttps://www.prbd.net/news_22084.aspxEstablishing a gold backed currency in your own nation is a sound way to create a solid, recognized currency that is accepted internationally.Tue, 17 May 2011 00:00:00 GMThttps://www.prbd.net/news_22018.aspxFinance Minister Tendai Biti has indicated that the country cannot afford to hold elections, with election officials saying they would cost $400 million to conduct.Mon, 16 May 2011 00:00:00 GMThttps://www.prbd.net/news_21860.aspxThe Executive secretary of the Centre for Policy Analysis, Dr Joe Abbey, has stated that the medium-term prospects of the economy are bright, but there are short-term challenges as well.Thu, 12 May 2011 00:00:00 GMThttps://www.prbd.net/news_21707.aspxThe turmoil has cut tax revenues at a time when protestors' demands for jobs and higher wages have caused the government to boost social spending.Tue, 10 May 2011 00:00:00 GMThttps://www.prbd.net/news_21635.aspxThe company last month signed a deal with Malawi to build some 100 kilometers of the line across the country's southern end, giving it a straight shot to the sea.Mon, 09 May 2011 00:00:00 GMThttps://www.prbd.net/news_21527.aspxOur economy continues to be on track simply because the government has adopted strict economic principles, including financial discipline.Fri, 06 May 2011 00:00:00 GMThttps://www.prbd.net/news_21462.aspxMr. Hague said Britain will use this month's G8 summit in France to propose a plan to co-ordinate and expand international financial assistance to the region.Thu, 05 May 2011 00:00:00 GMThttps://www.prbd.net/news_21387.aspxThe International Monetary Fund (IMF) reiterated its forecast of 5.5 percent GDP growth for the region this year and 5.9 percent in 2012, with low-income countries that make up the bulk of the continent recovering the fastest.Wed, 04 May 2011 00:00:00 GMThttps://www.prbd.net/news_21338.aspxThe country's budget might be affected this year due to economic damages caused by floods with analysts saying there is a need for preparing a mini budget.Tue, 03 May 2011 00:00:00 GMThttps://www.prbd.net/news_21265.aspxThe economy stabilized after the government abandoned the worthless local currency in 2009, allowing trade in US dollars and other major foreign currencies.Mon, 02 May 2011 00:00:00 GMThttps://www.prbd.net/news_21168.aspxMore recently, Global Visa International and Panasonic will join other companies that have already established themselves in the region, including Nokia Siemens Networks, Airtel, Nestle and PepsiCo.Fri, 29 Apr 2011 00:00:00 GMThttps://www.prbd.net/news_21093.aspxFinancial analysts said it was a good development that banks were increasing their focus on manufacturing sector of the nation's economy.Thu, 28 Apr 2011 00:00:00 GMThttps://www.prbd.net/news_21040.aspxMadondo had said at the launch of the Vlakfontein coal operation in Mpumalanga in February that black economic empowerment companies owned many prospecting rights which could be used as vehicles for the AEMFC.Wed, 27 Apr 2011 00:00:00 GMThttps://www.prbd.net/news_20956.aspxTraders are also closely watching this week for comments by the Federal Reserve at its Wednesday meeting and the latest U.S. gross domestic product figures scheduled to be released Thursday.Tue, 26 Apr 2011 00:00:00 GMThttps://www.prbd.net/news_20874.aspxAlthough the revolution has lifted the hopes of many Egyptians eager for a more prosperous, democratic future, the turmoil has walloped the nation's economy, in no small part because of the drop in tourism.Mon, 25 Apr 2011 00:00:00 GMThttps://www.prbd.net/news_20728.aspxThe shut-down of Japanese nuclear power is expected to lead to higher oil consumption for power generation this year but demand in the world's third-biggest oil user after the United States and China has fallen.Thu, 21 Apr 2011 00:00:00 GMThttps://www.prbd.net/news_20626.aspxThis year is the busiest for the African political calendar since the end of the Cold War, with 17 presidential polls and parliamentary and local elections.Wed, 20 Apr 2011 00:00:00 GMThttps://www.prbd.net/news_20545.aspxJapan’s export-driven economy is struggling to get back on its feet, and some have speculated that it may take at least six months for it to return to normal.Tue, 19 Apr 2011 00:00:00 GMThttps://www.prbd.net/news_20453.aspxEgypt’s equity market has been one of the darlings of Africa behind South Africa.Mon, 18 Apr 2011 00:00:00 GMThttps://www.prbd.net/news_20312.aspxMost of the Arab rebellions - in Libya, Syria, Yemen, and Bahrain - have deteriorated into civil war, or regime-led violence. Fri, 15 Apr 2011 00:00:00 GMThttps://www.prbd.net/news_20234.aspxThe Bank of Ghana has received support from the Swiss Government to develop a web-based collateral registry that will facilitate access to credit for small and medium-sized enterprises in Ghana.Thu, 14 Apr 2011 00:00:00 GMThttps://www.prbd.net/news_20163.aspxThe Arab Gulf state also confirmed on Tuesday that it was marketing Libyan crude oil and buying fuel on behalf of the rebels trying to overthrow Muammar Gaddafi, the Libyan leader.Wed, 13 Apr 2011 00:00:00 GMThttps://www.prbd.net/news_20086.aspxThe drop followed news over the weekend that Gadhafi had accepted a "road map" to a cease-fire from a delegation of African leaders.Tue, 12 Apr 2011 00:00:00 GMThttps://www.prbd.net/news_20002.aspxSeveral economists had expected an increase in the rate -- the most closely watched indicator of prices -- as a result of a weaker pound and imported inflation.Mon, 11 Apr 2011 00:00:00 GMThttps://www.prbd.net/news_19899.aspxRebels were able to sell a shipment of 1 million barrels Wednesday but damage to their oil fields has all but halted production. Fri, 08 Apr 2011 00:00:00 GMThttps://www.prbd.net/news_19801.aspxPortugal urgently needs the rescue because it has been forced to pay increasingly unsustainable interest rates to persuade investors to buy its debt. Thu, 07 Apr 2011 00:00:00 GMThttps://www.prbd.net/news_19721.aspxIndian energy firms are acquiring assets abroad and improving infrastructure to help meet the growing demand for energy in Asia's third-largest economy.Wed, 06 Apr 2011 00:00:00 GMThttps://www.prbd.net/news_19581.aspxGabon's government late last year agreed to trade union demands to limit foreign workers in its oil sector to 10 percent and to require all executive posts to be held by Gabonese, but never ratified the law.Mon, 04 Apr 2011 00:00:00 GMThttps://www.prbd.net/news_19408.aspxThe turmoil of the last two months has harmed Egypt's economy, dealing a blow to tourism among other industries. Reflecting uncertainty, the Egyptian pound is at six-year lows against the dollar.Thu, 31 Mar 2011 00:00:00 GMThttps://www.prbd.net/news_19340.aspxThe contract settled at $104.79 after gaining 81 cents on Tuesday.Wed, 30 Mar 2011 00:00:00 GMThttps://www.prbd.net/news_19270.aspxThe new rules published Monday expand the law to include all mining companies valued at more than one dollar.Tue, 29 Mar 2011 00:00:00 GMThttps://www.prbd.net/news_19201.aspxThis relatively strong performance was attained thanks to a good show in agriculture and natural resources, the rebound of tourism and the use of countercyclical policies in some countries.Mon, 28 Mar 2011 00:00:00 GMThttps://www.prbd.net/news_19062.aspxThose fears were also reflected in the country's currency, with the Egyptian pound again coming under pressure as the market reopened.Fri, 25 Mar 2011 00:00:00 GMThttps://www.prbd.net/news_18993.aspxOil was also boosted by new data showing U.S. gasoline demand continues to rise despite sharp price increases at the pump.Thu, 24 Mar 2011 00:00:00 GMThttps://www.prbd.net/news_18920.aspxThe country is a major driver of mergers and acquisitions, for example, as well as foreign direct investment. Wed, 23 Mar 2011 00:00:00 GMThttps://www.prbd.net/news_18762.aspxBahrain's Shiite opposition meanwhile called for fresh demonstrations after Friday prayers, in defiance of martial law and a violent crackdown by the US-backed kingdom's security forces.Mon, 21 Mar 2011 00:00:00 GMThttps://www.prbd.net/news_18628.aspxThe latest cause for concern came after the six-member Gulf Cooperation Council deployed a Saudi-led force to prop up the monarchy in Bahrain. Fri, 18 Mar 2011 00:00:00 GMThttps://www.prbd.net/news_18506.aspxThe assessment, presented in the IEA's latest month oil market report, reaffirms the belief of many in the market that Libya's vital oil industry was all-but-shuttered amid the fighting. Wed, 16 Mar 2011 00:00:00 GMThttps://www.prbd.net/news_18370.aspxThe British and German foreign ministers called this week for broad and deep economic integration. Mon, 14 Mar 2011 00:00:00 GMThttps://www.prbd.net/news_18230.aspxChinese shares fell on expectations that February inflation data due out Friday would be lower than the previous month but still higher than the government's 4 percent target.Fri, 11 Mar 2011 00:00:00 GMThttps://www.prbd.net/news_18163.aspxSaudi Arabia, which holds the majority of the world's global reserve capacity, is already thought to be producing extra 1m barrels per day (mbpd) to make up for the shortfalls from Libya. Thu, 10 Mar 2011 00:00:00 GMThttps://www.prbd.net/news_18082.aspxRiding the high oil prices, the Russian ruble has risen faster against the dollar this year than any other currency, which is helpful because it will curb consumer inflation during an election year.Wed, 09 Mar 2011 00:00:00 GMThttps://www.prbd.net/news_18022.aspxLibya, which sits on the largest oil reserves in Africa, has been engulfed in a four-week rebellion as militants try to oust Gadhafi after 41 years in power. Tue, 08 Mar 2011 00:00:00 GMThttps://www.prbd.net/news_17929.aspxMost of Libya's oil production has been shut down because of the crisis, and experts say the country's oil fields will be threatened as long as there's no clear leader in charge.Mon, 07 Mar 2011 00:00:00 GMThttps://www.prbd.net/news_17679.aspxThe Energy Department's Energy Information Administration reports its weekly supply data later Wednesday.Wed, 02 Mar 2011 00:00:00 GMThttps://www.prbd.net/news_17589.aspxTokyo stocks opened lower with exporters dragged down by a stronger yen, but both the Nikkei and the Topix recovered sharply in the afternoon as major Asian stock indices climbed.Tue, 01 Mar 2011 00:00:00 GMThttps://www.prbd.net/news_17520.aspxAll our Libyan business contacts keep talking about the need to provide jobs and infrastructure for the people.Mon, 28 Feb 2011 00:00:00 GMThttps://www.prbd.net/news_17385.aspxAs many as 1,000 people may have been killed in the unrest in Libya, where on Wednesday, thousands celebrated as the east broke free of the control of Mummar Gaddafi, who has vowed to crush the revolt. Fri, 25 Feb 2011 00:00:00 GMThttps://www.prbd.net/news_17288.aspxA senior aide to Libyan leader Muammar Gaddafi's influential son Saif resigned as an Italian official claimed as many as 1,000 people have been killed in the government crackdown.Thu, 24 Feb 2011 00:00:00 GMThttps://www.prbd.net/news_17207.aspxProtests toppled longtime dictators in Libya's neighbors Tunisia and Egypt in the past month, and protests are continuing in Yemen and Bahrain.Wed, 23 Feb 2011 00:00:00 GMThttps://www.prbd.net/news_17063.aspxBeijing's latest move to tighten policy in the form of banks' required reserve increases saw Shanghai and Hong Kong stocks take a tumble with lenders leading declines. Mon, 21 Feb 2011 00:00:00 GMThttps://www.prbd.net/news_16877.aspxThe Federal Reserve Bank of Philadelphia said its index of manufacturing in the mid-Atlantic region nearly doubled between January and February. Fri, 18 Feb 2011 00:00:00 GMThttps://www.prbd.net/news_16810.aspxThe collaborating organisations are Ghana Housing Finance Association, Pison Housing Company of Nigeria and National Banking College in Accra.Thu, 17 Feb 2011 00:00:00 GMThttps://www.prbd.net/news_16727.aspxMutebile said as the country continues to make stead progress in its economic reforms, investors will continue to come.Wed, 16 Feb 2011 00:00:00 GMThttps://www.prbd.net/news_16629.aspxTraders said recent sustained gains left stocks vulnerable, with concerns over inflation emerging to provide a ready excuse to sell as investors consolidate positions.Tue, 15 Feb 2011 00:00:00 GMT