Category Archives: Market

UN Raises $1.7 Billion for Mali, Niger, Burkina Faso

NEW YORK – The United Nations said Tuesday it has received preliminary pledges of about $1.7 billion for the central Sahel countries of Burkina Faso, Mali and Niger at a donors’ conference in Copenhagen.

“This represents substantial success,” U.N. Humanitarian …

UN FAO Pledges $70 Million to Help Sudan Families

KHARTOUM, SUDAN – The United Nations Food and Agriculture Organization (FAO) has pledged $70 million to support 600,000 Sudanese families affected by severe flooding caused by record heavy rainfall this year.

The FAO’s director of emergency response, Dominique Burgeon, told …

Economists Urge New Economic System for South Sudan

JUBA/GENEVA — While some South Sudanese experts recommend the government adopt a new economic system used by developing states to cut off black market currency exchange and stabilize skyrocketing prices, a new U.N. panel report says the real problem in

Sudan Businesses Feel Pinch as Currency Devalues, Inflation Soars  

KHARTOUM – Sudan this month  declared an economic emergency  after the Sudanese pound lost 40  percent  of its value in one month and annual  inflation jumped to 167 percent.  Sudan’s transitional authorities have struggled to stabilize the currency,  the weakness …

Japanese Ship Operator to Put $9.4M Toward Mauritius Oil Spill Recovery

The operator of a Japanese-owned bulk carrier that crashed into a reef in late July, causing a widespread oil spill in Mauritius, will pay at least $9.4 million over several years to fund environmental projects and support local fishing communities.…

Japanese Ship Operator to Put $9.4M Toward Mauritius Oil Spill Recovery

The operator of a Japanese-owned bulk carrier that crashed into a reef in late July, causing a widespread oil spill in Mauritius, will pay at least $9.4 million over several years to fund environmental projects and support local fishing communities.…