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News in 'Economy' section

Ghana hunt down three USA nationals

May 14, 2013 It is estimated that 95% of small-scale gold mining in Ghana is illegal

The government of Ghana is hunting for three Americans who filmed themselves in Ghana, as they engaged in illegal small scale mining.

Sierra Leone and China signed $6Billion investment

May 14, 2013

The Government of Sierra Leone has signed a memorandum of understanding with China Kingho energy group for the construction of a railway costing six billion United States dollars linking Tonkolili in the north and Sulima in the south of the country.

Sierra Leone: Police arrest petroleum dealers in Kenema

May 9, 2013

Police in the eastern district of Kenema have arrested petroleum dealers for hiking price on petroleum products. Products were sold at Le 8,000 approximately 2 United States dollars far above the official price of Le 4,500 per liter approximately one united stated dollars

Goodluck Jonathan in South Africa

May 8, 2013 South Africa and Nigeria are key trading partners on the continent.

Nigerian President Goodluck Jonathan arrived in Nigeria on Tuesday for a state visit aimed at consolidating ties between two of the biggest economies in sub-Saharan Africa.

"The reduction of the poverty has been much slower" (World Bank)

April 17, 2013 Image 3157

"We need policies that can support the translation of mineral resources into benefiting a larger number of people in the countries" Punan Shahan Polle, a co-author of World Bank’s latest Africa’s Pulse spoke to WADR

Somalia: IMF is back after 22-year break

April 13, 2013 Somalia's President Hassan Sheikh Mohamud

The IMF said in a statement “the fund recognised the federal government of Somalia, headed by President Hassan Sheikh Mohamud, paving the way for the resumption of relations after a 22-year interval”

Ivory coast sub regional common customs regulations

April 2, 2013 Image 3111

The free movement of people and goods remain still a principle written in several sub regional charters, its implementation is hindered by some issues in each member country.

World Bank Nods At Senegal Graft Probe

December 14, 2012 World Bank MD Sri Mulyanui Indrawati

An official of the World Bank has welcomed the Senegalese government’s quest to recover state resources allegedly siphoned by officials of the government of ex-President Abdoulaye Wade..

Those under investigation, including Wade’s son Karim, face accusations of amassing ill-gotten fortunes running into millions of dollars.

Nigerian Governors Want Gov’t Approve $4bn for States

December 13, 2012 Nigerian Governors' Forum chairman Rotimi Amaechi

Governors of all 36 states in Nigeria and the Federal Capital Territory Administration are pressing the National Assembly to grant them permission to acquire a three billion US dollar loan.

The request is among the resolutions of the Nigeria Governors' Forum reached after a meeting on Tuesday in the capital Abuja.

 

S. Leone: Farmers claim mines ruining crops

December 12, 2012 London Mining operations in Sierra Leone

Since the end of 11 years of civil unrest in 2002, Sierra Leone’s huge mineral deposits have attracted foreign mining companies, one of which is the British-owned London Mining Company that started mining operations in 2006.

But more than one hundred farmers in Marampa mines in Lunsar have been complaining about pollution by the company that is affecting their farm lands.