USAfricaonline.com, 1st African-owned U.S.-based professional newspaper on the internet, assessed by The New York Times as the largest (and arguably the most influential) African-owned, U.S-based multimedia networks; established May 1992. News@USAfricaonline.com 713-270-5500. wireless: 832-45-CHIDO (24436)
By BLAIZE KADURU, Chief Economist of USAfrica multimedia networks and CLASSmagazine, Houston. Houston, July 1, 2010: First of all, let me stipulate my main point: the Obama stimulus package is bound to fail if nothing profoundly new is developed from a technology stand-point, to take advantage of key areas of needs that can only be filled [...]
South Africa issues arrest warrant for biz man for $1.6 bln fraud Cape Town: An arrest warrant has been issued for a South African businessman accused of orchestrating a 12.5 billion rand ($1.65 billion) fraud, Finance Minister Pravin Gordhan said on Tuesday. Lawyers and investigators working for investors have accused Barry Tannenbaum of operating a Ponzi-style [...]
I would hope that the next time Nigeria is to spend N420 billion that proper steps are taken to protect the interest of Nigerians and the oversight responsibility of the Legislature, is sought and obtained. It is important that adequate legislation is on the books to help protect the interest of the people and that no person or any agency of the government is in position to act as a lone ranger, and that such a person’s wisdom or intention should not be the justification for such a massive expenditure.
The goal of the African Development Bank (AfDB) Group is to create sustainable economic development and social progress in its regional member countries (RMCs), thereby helping to reduce poverty. This is achieved by mobilizing and allocating resources for investment in RMCs & providing policy advice and technical assistance to support development efforts.
Nigerian banking is being pulled from the crisis and profligacy of the past 5 years inflicted by bank executives and some failings on the part of the regulators. Hence, more pragmatic steps seem to be taking shape, led newly-appointed Central Bank of Nigeria Governor Sanusi Lamido, to arrest the ugly situation. Regardless, charges of regional (northern) favoritism, accusations of unfair and hasty leap have been placed at his doors by some southern Nigerian bankers and beneficiaries of the previous order of things. USAfrica’s researcher since 1994 and Principal Policy analyst for Afripol EMEKA CHIAKWELU explores this issues and its implications
