The Ivorian government will live up to its commitments to allow the quick implementation of the roadmap for the return to its original headquarters in Abidjan of the African Development Bank (AfDB) in 2014, the Ivorian Prime Minister Daniel Kablan Duncan reassured.Duncan was speaking on Tuesday at the end of his tour to several infrastructures being refurbished to accommodate the pan-African bank's staff. ...

Matthijs Boertien, Managing Director of Cameroon Airline, Camair-Co has said that a way should be found to use three aircraft purchased by the government without causing any harm to the state-owned airline.In a lengthy interview with the government daily “Cameroon Tribune” onTuesday, after insisting that it was not entirely accurate to suggest that the company under his watch does not want those aircraft, ...

The Moroccan Agricultural Credit Group (CAM) has been voted as Africa's leading funding and development institution of the year 2013.The vote took place during the meeting of the African Development Funding Institutions (AIAFD) which was held recently in Marrakech. AIAFD is an international organization created under the auspices of the AfDB in 1975. It groups together banks and financial institutions ...

The Gambia national currency, the Dalasi, continues to depreciate in value and is not expected to stabilize soon and to start to appreciate, the International Monetary Fund (IMF) has warned on Monday.The Fund stated that the continuous weakening of the Dalasi will continue to further accelerate inflationary pressure in the country leading to increase in prices of goods and services. “The Gambian dalasi has ...

Up to 121,500 jobs and 60 percent of South Africa's platinum output could be a risk in coming years amid unrest and upheavals in the sector, economists at Nomura bank warned on Tuesday. Analysts at the Japanese bank said that rising mining costs -- because of wage increases, regulation, increased electricity prices and a need to drill deeper -- as well as political risks, would force mines to cut their ...

The real Gross Domestic Product (GDP) of The Gambia is expected to rise by about 8 to 9 per cent a year during 2013 to 2014, said the International Monetary Fund at the end of its first review of the Extended Credit Facility (ECF) arrangement with the west African country's on Monday.GDP is one of the primary indicators used to gauge the health of a country's economy, as well as a country's standard of ...

Tunisia, which recently garnered an IMF loan, faces risks linked to its political transition and the global economy but will not be a "new Greece," the International Monetary Fund said Monday. In early June, the IMF approved a two-year standby loan for about $1.75 billion to support the government's economic reforms after the overthrow of dictator Zine El Abidine Ben Ali in January 2011. The money is to be ...

African Development Bank (AfDB) President Donald Kaberuka on Monday applauded the G8 for its emphasis on the issues around resource mobilization through greater transparency in taxation of Africa's natural resources. Speaking as G8 leaders began meeting in the United Kingdom, Kaberuka urged the international community to promote transparency, curb tax evasion and ensure more balanced contracts in the natural ...

World leaders and representatives of over 200 leading charities and companies have begun the summit of the eight most industrialised countries (G8) in Lough Erne in Northern Ireland, on Monday, with trade, tax, transparency, terrorism in the world but Africa in particular high on the agenda.The United Kingdom is seeking the launch of the transatlantic economy in an ambitious trade deal worth up to £10 ...

South Africa's Small Enterprise Finance Agency (SEFA) plans to disburse over US$73.7 million to more than 15,000 small firms – most of them micro-enterprises – by the end of the 2013/14 financial year, APA confirmed on Monday.Briefing the National Assembly's portfolio committee on economic development on its corporate plan for 2013/14, SEFA chief executive Thakhani Makhuvha said the targeted funding will ...