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Overcoming poverty in Sierra Leone will be important for consolidating its peace because conflict had inflicted a heavy toll on infrastructure, basic services and traditional job-generating sectors like agriculture and fisheries, said…

Tanzania has revived its plans to issue its first eurobond, worth $500 million, in 2010 to finance infrastructure projects in east Africa's second largest economy, Finance Minister Mustafa Mkulo said late on Wednesday. Tanzania, whose…

India will need to import as much as 110 million tonnes of coal per year by 2012, with some 25 million tonnes expected to come from South Africa to feed rising power demand, a consultancy said on Thursday. South Africa exported 17.7…

US President Barack Obama has said that 30 billion dollars from a Wall Street bailout fund would be used to help small businesses still reeling from financial crisis. "I'm proposing that we take 30 billion dollars of the money Wall Street…

French President Nicolas Sarkozy threw his weight Wednesday behind Barack Obama's clampdown on bankers, opening an annual Davos meeting dominated by a battle over post-crisis regulation. In the keynote speech at the start of the World…

Apple CEO Steve Jobs unveiled the company's much-anticipated iPad tablet computer Wednesday, calling it a new third category of mobile device that is neither smart phone nor laptop, but something in between. The iPad will start at $499, a…

Declaring "I don't quit," President Barack Obama fought to recharge his embattled presidency with a State of the Union vow to get jobless millions back to work and stand on the side of Americans angry at Wall Street greed and Washington…

Ecobank Transnational Inc. (ETI) has signed an agreement with the Bank of China to open what it calls a “China desk” in the banks offices in Africa. A Reuters report citing a statement that Ecobank had written to the Ghana Stock Exchange…

Tullow Oil, the largest stakeholder in Ghana’s Jubilee oil field, which is the largest oil field to be discovered in West Africa in the last 10 to 15 years has announced the placing of 80,431,796 new ordinary shares to raise funds to…

The Bank of Ghana will cut its prime rate further this year, the Reuters have reported citing a Finance Ministry statement. The prime rate is currently pegged at 18%. The Ghanaian business community and industry have been arguing for a…