The African Development Bank (ADB) was established by 23 politically independent African countries on the August 4, 1963 at a meeting held in Khartoum, the Sudanese Capital. At the meeting, the agreement establishing the bank was endorsed and it came into operation with effect from September 10, 1964. Sixty-five percent of the capital stock of […]
European Economic Community (E.E.C)
By the treaty of Rome in 1957, the European Economic Community (E.E.C) came into existence. The treaty, however, contained provisions whereby countries with similar ideas might be admitted as members. At its beginning, the EEC had six members, which were West Germany, Belgium, France, Netherlands, Italy and Luxembourg. The failure of Britain’s initial effort to […]
International Finance Corporation (IFC)
The International Finance Corporation (IFC) was formed in July 1956 as an affiliate of the World Bank to assist enterprises, which will contribute to the economic development of developing member countries, and to promote growth of productive investment. The International Finance Corporation (IFC) began with 31 member countries and an authorized capital of $100 million. […]
International Development Association (IDA)
The International Development Association (IDA) was formed in 1960, as an affiliate of the World Bank, to promote economic development of underdeveloped areas of the world and it duties is to supplement the activities of the World Bank. The staff of World Bank manages International Development Association (IDA) but they are two separate entities with […]
Nigerian President, Goodluck Jonathan seeks $1bn to combat Boko haram insurgency
On Wednesday, 16 July 2014, president Good luck Jonathan presented a letter to the National Assembly demanding the lawmakers to urgently approve $1bn external loan in tackling the terrorist Islamic Sect, Boko Haram by the Federal Government. The letter dated July 15 2014 was read to the hearing of the floor members of the senate […]
South African Appoints New coach (July 27th 2014)
The South Africa Football Association has named a local coach Ephraim ‘shakes’ Mashaba as the new manager of the Bafana Bafana Mashaba who is making a second coming to the job is currently in charge of the under twenty team. According to Mashaba, he is happy and humbled for been appointed a second time in […]
- 1
- 2
- 3
- …
- 5
- Next Page »