FINANCE Tag
Kenya's government cannot account for $400 million in public funds, according to a damning report from the auditor general highlighting the country's failure to crack down on graft and misuse of state resources.Read More
While bitcoin and other cryptocurrencies have suffered precipitous falls in recent weeks, the units remain popular in Nigeria where they make it easier to do business.Read More
Lagos (AFP) While bitcoin and other cryptocurrencies have suffered precipitous falls in recent weeks, the units remain popular in Nigeria where they make it easier to do business. On the surface, digital coins may not seem like a good idea in a country where corruption is rampant and stacks of hard cash are often smuggled overseas. Yet West Africa’s biggest economy has the world’s third-largest bitcoin holdings as a percentage of gross domestic (GDP), behind Russia and New Zealand, according to Citigroup. That may be because blockchain technology — public,Read More
Marrakesh (Morocco) (AFP) IMF chief Christine Lagarde warned Tuesday that “public dissatisfaction is bubbling up” in the Middle East and North Africa, calling for reforms that “respond faster to the expectations and sometimes to the frustration of the people”. Speaking at a conference in Morocco’s Marrakesh, the head of the International Monetary Fund called for “inclusive, sustainable growth” and urged delegates to consider “how do we scale up the reform so it provides for the people?” The two-day “Opportunities for All” conference brought together senior political and business leaders, youngRead More
For Enel Green Power, 2016 is a year to remember: the firm increased new installed capacity of 2,018 Megawatts, and demonstrated to be able to potentially become one of the main players in the field of renewable energy worldwide. Such outstanding outcome from the project conceived by current Enel CEO Francesco Starace was reached by doubling the previous year’s performance and completing the building of plants of high strategic and commercial value, such as the 102 MW Apiacàs Hydroelectric Park in Brasil, the 160 MW Finis Terrae Photovoltain Plain in Chile,Read More
