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West Africa FOREX News is an EIN News Service for FOREX trading professionals. Constantly updated news and information about West Africa FOREX Trading.
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Latest West Africa FOREX News

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  • Angola's kwanza steady in latest forex auction 30 Nov 2009 11:30 GMT
    ... LUANDA, Nov 30 (Reuters) - Angola's kwanza was ... has taken a toll on the country's foreign exchange reserves, which fell for the first time ... billion in September. Angola rivals Nigeria as Africa's biggest oil producer and depends on oil ...

  • Indian Politician Arrested for Involvement in Biggest ever Political Scam 30 Nov 2009 13:31 GMT
    ... Indian police Monday arrested the disgraced former chief minister ... investigators, Koda's empire stretches from Mumbai to Africa -- from luxury hotels and three companies in Mumbai ... a coalmine each in South Africa and Liberia, his illegal foreign-exchange transactions and assets are ...

  • Arte cubano Forex Currency Trading 28 Nov 2009 19:12 GMT
    ... other currency, we have to talk about Forex. That;' short for foreign exchange or the exchange of currency for a ... Slovak Koruna, Slovenian Tolar, Somali Shilling, South African Rand, Sri Lanka Rupee, St Helena Pound, ...

  • Arte cubano Forex Currency Trading - What You Should Know Posted By: Mike Hanson 28 Nov 2009 19:12 GMT
    ... other currency, we have to talk about Forex. That;' short for foreign exchange or the exchange of currency for a ... Slovak Koruna, Slovenian Tolar, Somali Shilling, South African Rand, Sri Lanka Rupee, St Helena Pound, ...

  • Stronger rand may keep inflation down but it destroys jobs 26 Nov 2009 03:30 GMT
    ... Stronger rand may keep inflation down but it ... the economy recovers, countries such as South Africa have little chance of regaining most of ... that the Reserve Bank only intervenes in foreign exchange markets to accumulate reserves. It doesn't do ...

  • UPDATE 1-IMF says transparency key to $1.4 bln Angola loan 25 Nov 2009 17:07 GMT
    ... LUANDA, Nov 25 (Reuters) - The International Monetary ... of a $1.4 billion loan to the African nation. Angola, which rivals Nigeria as Africa's ... to use the loan to bolster its foreign exchange reserves and stabilise the local currency, the ...

  • Petrol Subsidy is a Waste of Resources - Obi [interview] 24 Nov 2009 04:32 GMT
    ... is the Managing Director, Techno Oil Limited, a significant ... we lose our position to Angola as Africa's largest producer of crude oil, we now ... the benefit of consumers; it will conserve foreign exchange, create a level playing ground for the ...

  • Bermuda 2009: Leaping forward with ICT 24 Nov 2009 20:43 GMT
    ... There was a general consensus that the link ... Nigeria with the backing of Kenya, South Africa and Egypt got the node to host ... uninterrupted parliament since 1620. Bermuda earns its foreign exchange from international business in Insurance and it ...

  • Angola to use IMF loan to bolster reserves, kwanza 25 Nov 2009 10:36 GMT
    ... LUANDA, Nov 25 (Reuters) - Angola will use ... the International Monetary Fund to bolster its foreign exchange reserves and stabilise the local currency, the ... financing package to date for a sub-Saharan African country during the current global crisis, the ...

  • Angola's kwanza slides further against dollar 24 Nov 2009 09:18 GMT
    ... LUANDA, Nov 24 (Reuters) - Angola's kwanza extended ... has taken a toll on the country's foreign exchange reserves, which fell for the first time ... 95 per dollar. Angola rivals Nigeria as Africa's biggest oil producer and depends on oil ...

  • Angola to shore up reserves, local currency with USD1.4bn IMF loan 25 Nov 2009 13:56 GMT
    ... Nov 25, 2009 (M2 EQUITYBITES via COMTEX) -- 25 ... credit from the IMF to steady its foreign exchange reserves and the local currency, the kwanza, ... package it has given to a sub-Saharan African country since the crisis erupted last autumn. ...

  • Nigerian Army Says Insecurity in Niger Delta is Over 22 Nov 2009 00:54 GMT
    ... Nigerian Army Says Insecurity in Niger Delta is ... fighting in the region that has cost Africa's top oil exporter billions of dollars in ... derives more than 90 percent of its foreign exchange earnings from crude oil sales. ...

  • Newly published market report: China Mining Report Q4 2009 23 Nov 2009 18:13 GMT
    ... Fast Market Research recommends "China Mining Report Q4 2009" ... in the process accumulating over US$1trn of foreign exchange reserves. Endowed with abundant mineral wealth, the ... China's largest ever investment in the West African nation. China Union has pledged to have ...

  • Bermuda 2009 : Leaping forward with ICT 22 Nov 2009 15:52 GMT
    ... This year’s edition of the biennial Global Public Summit ... various stakeholders involved in information security in Africa, for example; ii.Creating some international watch and ... uninterrupted parliament since 1620. Bermuda earns its foreign exchange from international business in Insurance and it ...

  • Rimas B.V and PSC Industries to set up solar school 23 Nov 2009 15:53 GMT
    ... Plans are underway to put up a solar ... develop the basic technological solutions that fits Africa better than whatever you can get from ... work for the export facility which brings foreign exchange back into the country. I think that ...

  • Angola FX reserves drop despite firm oil prices 23 Nov 2009 12:31 GMT
    ... Angola's foreign exchange reserves fell for the first time in ... and Portuguese construction companies operating in the African nation, which may have also weighed on ...

  • Majority leader chastises operators in hospitality industry 23 Nov 2009 21:50 GMT
    ... Business News of Monday, 23 November 2009 Majority ... in the industry not to allow lateness (African Punctuality) to serve as a disincentive to ... currently, tourism was the country's fourth highest foreign exchange earner after gold, cocoa and remittances from ...

  • Dangote Supports Abuja Carnival With N20 Million 23 Nov 2009 19:21 GMT
    ... Abuja — Dangote Group of Companies has supported ... tourism potentials which is a source of foreign exchange to many countries in East Africa. "The company's contribution was utilised in sponsoring ...

  • Angola's kwanza weakens further against dollar 23 Nov 2009 10:54 GMT
    ... LUANDA, Nov 23 (Reuters) - Angola's kwanza extended ... dollar in Luanda. Angola rivals Nigeria as Africa's biggest oil producer and depends on oil ... exports for almost 90 percent of its foreign exchange reserves. (Reporting by Henrique Almeida, Editing by ...


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