Marion Cunningham 
Drawing a rather gloomy picture of what the world’s economies can look forward to, Finance Minister Trevor Manuel on Wednesday said recession on Anglo-Saxon markets has truly taken grip.
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In an unprecedented bid to curtail government spending amidst the global economic meltdown, Pre-sident Umaru Musa Yar’Adua yesterday announced a proposal to slash his salary, that of the Vice-President and the members of his cabinet.
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Despite optimism about Ghana’s oil find, with expected future production of 120 000 bpd, Experts say Ghana faces a difficult transition before the oil starts flowing.
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About 94 percent of Zimbabwe’s rural schools – where most children are educated – failed to open this year, the UN Children’s Fund said on 10 February 2009.
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The markets will be hanging on Trevor Manuel’s every word when South Africa’s minister of finance delivers his thirteenth Budget Speech on February 11. Expectation is even greater among poor communities, the unemployed and workers as the world’s longest serving finance minister signals his government’s economic plans in the face of the global economic crisis.
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The South African government has joined African Union (AU) calls to the international community for economic sanctions against Zimbabwe to be lifted.
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WITH three weeks left before around 1 400 health workers will be shown the door, the Ministry of Health is still waiting for a legal opinion on their future.
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The Federal Government has hinted that the global economy meltdown will cause it citizens in other parts of the world to lose their jobs as it said it is “already preparing a buffer to receive the much expected influx of Nigerians that are living abroad home.
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The wait for the landing of an undersea fibre-optic cable to boost communication in the region could be coming to fruition as indications point that one arm is almost at the East African coast.
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The Central Bank of Nigeria (CBN), in a bid to create sanity and ensure stability in the foreign exchange market, is set to issue fresh guidelines through a detailed circular to banks on the foreign exchange operations in the country.
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