By Thomas Mountain – 07. October 2014 – The small East-African country of Eritrea has started a mining industry and is doing it right. To start with Eritrea is receiving 40% of the profits generated by its first gold/copper mine. Compare this to Tanzania where Anglo-American mining company operates one of the world’s largest gold mines and pays a whopping 4% royalty to the government. Thanks to Wikileaks we know that the USA forced sanctions against Eritrea through the UN Security Council in 2009, not to punish Eritrea for allegedly supporting “terrorism” (i.e. Al Shabab in Somalia) but in an attempt... Continue Reading
Publish Date: Tuesday, October 7th 2014 |
By Nawa Mutumweno, Reporting for Shout-Africa.com – The long-awaited COMESA Monetary Institute (CMI) meant to fast-track the realization of the regional economic bloc’s Monetary Co-operation Programme has commenced operations in March 2011. According to the latest COMESA e-newsletter, the monetary cooperation programme’s ultimate aim is to create the COMESA Monetary Union in the year 2018. The institute was officially launched on March 7, 2011 at the Kenya School of Monetary Studies in Nairobi. The creation of the CMI was decided by the 13th meeting of the COMESA Committee of Governors of Central Banks which took place in Cairo, Egypt in... Continue Reading
Publish Date: Saturday, March 19th 2011 |
