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News in 'Economy' section

UN Security Council pleased with progress in post-war Liberia

May 20, 2012 Pres Sirleaf (center) meets Security Council delegation

--As they continue West Africa tour

The 15 members of the UN Security Council are continuing their West African tour, with visits to Ivory Coast and Sierra Leone.

On Saturday, the UN Security Council member were in Liberia as part of its assessment mission to the sub-region, where they had praises for the post-war nation and its leader, President Ellen Johnson-Sirleaf.

UN threatens arms embargo, financial sanctions against Bissau

May 19, 2012 A cross section of ECOWAS Committee of Chiefs of Defence Staff

The UN Security Council has threatened to impose an arms embargo and financial sanctions on Guinea Bissau, if the military junta fails to return the country to civilian rule, as ECOWAS begins deploying troops to stabilize the situation.

Ghana MPs concerned over influx of illegal immigrants

May 18, 2012 Floor of Ghanaian parliament

Ghanaian lawmakers have expressed serious concerns over what they say is the increasing number of illegal immigrants pouring into the country.

 

Nigerians take Exxon Mobil to court for oil pollution

May 17, 2012 An Akwa Ibom oil spill

Ten prominent Rulers from the Ibeno Community in Akwa Ibom, southern Nigeria have taken Exxon Mobil to court for allegedly spilling oil in the region for 11 years, demanding one trillion Naira or about US$6 billion in damages.

Sierra Leone reforms outdated tax laws, as economy grows at 6%

May 17, 2012 Finance Min Samura Kamara of Sierra Leone

As Sierra Leone prepares to reform outdated tax laws, the country’s economy is this year growing at 6% with prospects for more growth, said Finance and Economic Development Minister, Dr. Samura Kamara.

4 sub-regional neigbours beef up security, econ cooperation

May 14, 2012 G-D Présidents Koroma  et Sirleaf

Four West African states have agree on strengthening border security and economic cooperation and development, during state visits paid to two capitals over the weekend.

Senegal: Govt & business yet to agree on price reduction

May 13, 2012 Senegal President Macky Sall

Senegalese may have to wait a little longer before they get some relief from the high cost of basic commodities such as sugar, rice and cooking oil. 

This is so because government and the business community are yet to agree on a set price regime for basic commodities.

Sierra Leone launches 1st ever “citizens budget”

May 11, 2012 Sierra Leone capital, Freetown

Sierra Leone's first ever “Citizens budget” has been launched by the Ministry of Finance and Economic Development. 

Nigeria ex-EFCC chief, top lawmaker indicted for alleged graft

May 11, 2012 EFCC logo

Two top figures in Nigeria are being indicted for allegedly being involved in corrupt activities running into tens of millions of Naira.

AU urges investors to engage in responsible investments

May 10, 2012 Image at grow Arica forum

The African Union (AU) is calling on investors to engage in responsible investments on the continent and with models that would be mutually beneficial.