October 25, 2016/AfDB Transforming Africa’s agriculture was the focus of the second day of the Korea-Africa Economic Cooperation Conference (KOAFEC) in Seoul. Addressing Ministers of Finance from African countries, African Development Bank President Akinwumi Adesina highlighted the importance of investing in rural infrastructure, as well as rapidly developing the agro-industrial […]
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Wall St. lower as earnings from some big names disappoint
October 25, 2016/Reuters By Tanya Agrawal Disappointing corporate results from several heavyweights dragged down Wall Street as investors looked for clues regarding the timing of the next interest rate hike ahead of a Fed meeting next week. 3M (MMM.N) fell 3 percent to $165.03 after the maker of Scotch tape […]
Nigeria’s Buhari asks parliament to approve $30 bln of borrowing
October 25, 2016/Reuters By Camillus Eboh Nigerian President Muhammadu Buhari has asked parliament to approve plans to borrow $30 billion abroad to fund infrastructure plans until 2018, according to a letter read out on Tuesday in the assembly. Nigeria, an OPEC member, slipped into recession for the first time in […]
