Africa Business News

Egypt's main stock indexes advanced on Sunday, extending gains from the last days of 2008 as heavyweights Orascom Construction and Orascom Telecom were again buoyed by positive retail sentiment, traders said. Orascom Construction Industries (OCI) made strong gains for the...

Vienna last month. "If everyone has applied (the cuts) and everything in terms of prices stays at the levels we have today, it's of course clear that we will probably go towards a decision to reduce," he said, adding that...

President Bush signed legislation that changed the rule for taking required minimum distributions from traditional IRAs and 401(k)s. Those taxpayers over 701Ú2 have been required to begin withdrawing distributions from the retirement accounts that were allowed to be funded with...

11/05/2008 10:34:04 AM PST gross taxable income for that year by the amount contributed...Tax Benefits of Contributions Traditional: Fully deductible if you donʼt have an employer retirement plan. Nondeductible if you are covered by such a plan and have a...

Saboteurs blew up an oil pipeline operated by Italy's Agip in Nigeria's southern Niger Delta late on Friday, the military said on Saturday. Brigadier-General Wuyep Rimtip, commander of the joint military taskforce in the western Niger Delta, said the pipeline...

The council said there were several improvements in trade facilities according to a survey done at 12 border posts of Uganda, Kenya and Tanzania. The improvements include security, infrastructure and time and cost taken to obtain immigration documents.