Africa/International

Oil slipped for a third day on Tuesday as pledges to contain the spread of the euro zone's debt crisis failed to dispel unease among investors about slowing energy demand growth. Ministers from the 17 countries that share the European…

Nigerian President Goodluck Jonathan has poached former Nigerian Finance Minister who has been working at the World Bank to manage the country's economy again. The World Bank has announced in a press release copied to…

New rules aimed at reducing the price gap between using a mobile phone at home and elsewhere in the EU have been proposed. The European Commission wants to cut "roaming" costs - when calls are made or received, text messages sent or data…

WikiLeaks has again begun accepting credit card donations, a company affiliated with the secret-spilling site said Thursday. Andreas Fink, the chief executive of Icelandic payment processor DataCell, told The Associated Press that Visa…

JPMorgan Chase & Co. has agreed to pay $228 million to settle federal charges that the bank conspired to rig the bidding on investment contracts sold to state and local governments to boost its profits at taxpayer expense. JPMorgan…

Out of the $57 billion World Bank Group commitment to developing countries in the 2011 fiscal year (FY), sub-Sahara Africa receives $9.4 billion, down from crisis levels of $13.85 billion in Fiscal Year 2010 (FY10), says the Group. The…

Trade performance in Africa is said to be below potential, according to a new report by the Economic Commission for Africa (ECA) and the African Union (AU). The report titled “Economic Report on Africa 2011,” said there is the need to…

The African Union (AU) has endorsed the proposals for a political solution to the crisis in Libya, within the context of the AU roadmap and the relevant United Nations (UN) Security Council resolutions. In a communique at the end of the…

Africa’s external debt has risen from $300.58 billion in 2009 to $324.70 billion in 2010 with sub-Sahara Africa (SSA) accounting for two-thirds of the debt, according to the Economic Report on Africa 2011, a report by the Economic…

The global drug market for cocaine, heroin and cannabis has declined or remained stable, the World Drug Report 2011 has revealed. The report says illicit cultivation of opium poppy and coca bush has remained limited to a few countries.…