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Emerging Markets Business News
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Friday, 11 December 2009 07:58 |
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Lagos, Nigeria - The Deputy Governor of the Central Bank of Nigeria (CBN), Dr Kingsely Muoghalu, says the Nigerian government was set to bail out the nation's capital market through the floating of Asset Management Companies (AMCs).
Muoghalu told a capital market stakeholders' meeting on Thursday in Lagos that the ACM bill before the National Assembly, would empower the companies to purchase the banks' toxic assets related to the capital market.
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Emerging Markets Business News
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Friday, 11 December 2009 07:52 |
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Nairobi, Kenya - Kenya on Wednesday become the second nation in Africa to migrate from analogue to digital broadcast after South Africa whose migration was accelerated by FIFA World Cup finals to be held next year.
This is hailed as the biggest technology shifting of TV broadcast after the colour television.
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Emerging Markets Business News
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Friday, 11 December 2009 07:50 |
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Maputo, Mozambique - Mozambique Finance Minister Manuel Chang said the southern African country's economy might see slight recovery in 2010, with growth rate rising to 6.3 percent, the official Noticias newspaper reported here Wednesday.
In spite of this, projected growth for 2010 will be lower than levels reached up to 2007 when average annual economic growth was 7.8 percent, the daily quoted the minister as saying.
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Emerging Markets Business News
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Friday, 11 December 2009 07:46 |
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Lagos, Nigeria - The Nigerian government has released more than N80 million (about US$520,000) for the construction of the first phase of the Ozone Village at Ikene Local Government Area of Ogun State in south-western Nigeria.
The Assistant Director of the National Ozone Office of the Environment Ministry, Mr Abdulkasim Bayero, told journalists on Tuesday in Abuja that the concept of the project was to have an ozone-friendly technology development and training outfit.
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Emerging Markets Business News
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Tuesday, 08 December 2009 13:04 |
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Banjul, The Gambia - The Director General of the Regional African Satellite Communication Organization (RASCOM), Dr Jones Killimbe, on Monday in Banjul told participants at the opening of a two-day meeting organized by his organization, that his institution intends to create a Pan -African Internet connectivity network which will achieve the Africanization of the intra-African traffic among countries and reduce the huge transit costs.
He remarked,"just imagine Africa the region with the lowest income levels is where the relative prices for ICT services are the highest in the world".
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Emerging Markets News
