Nigerian foreign reserves dropped to US$37.242 billion in the four days preceeding Friday, June 22, 2012, according to Central Bank of Nigeria (CBN)
Economy
Further declines set for Zambian currency
The kwacha is one of the weakest global currencies. (Image source: Simon Summers)
The weakened Zambian kwacha (ZMK) is set to worsen, according to foreign exchange analysts, as the outlook for the global economy remains bleak for 2012
East African block to create 56,000 new jobs
Tanzania is to lead East African countries in creating more than 56,000 employment opportunities over the next five years, according to Ernst and Young
Tanzania predicts economic boost after power systems improvement
Officials predict an increase in Tanzanian economy for this year. (Image source: Sanja Gjenero)
Tanzania’s economy is expected to hit the seven per cent mark this year, higher than the 6.4 per cent it attained last year
India’s FDI to Zambia tops US$3 billion
Zambia’s foreign direct investment (FDI) inflow from India has exceeded US$3 billion for the last five years in various sector of the economy
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