Posts Tagged ‘global financial crisis’

By Jason McLure Aug. 19 (Bloomberg) -- Power outages, shortages of foreign exchange and limits on bank lending resulted in Ethiopia’s business climate deteriorating over the past four months, the chairman of the country’s largest business association said. The Horn of Africa nation’s manufacturing industry has probably contracted during the past year and profit at banks and insurance companies has been ... Full story

China is concerned over the difficulties that African countries are suffering from the global financial crisis and hope to work together with them to tide over the difficulties posed by the crisis, said a Chinese deputy speaker here on Tuesday. China will continue to increase its aid to Africa despite the impact of the global financial crisis, ... Full story