Absa launches Africa’s first multi-currency card

South African bank Absa has launched a multi-currency travel prepaid cash card through MasterCard, which is available in four currencies and is a first for the country and the continent. The bank will also be launching an Islamic Banking multi-currency passport soon, which is a first Sharia’h compliant and unique solution for clients travelling overseas. […]

Africa tempts high tech companies

Multinational high tech companies looking for new frontiers and fresh ideas are lining up for a slice of Africa’s relatively untapped consumer market. Many experts are saying the continent is poised to be the next hotbed of technological innovation. Others are even more optimistic. “Africa is that frontier right now,” said Canada-based New Media marketing […]

Louis Farrakhan: Blacks need to invest and buy property in Detroit

DETROIT (AP) – Nation of Islam leader Louis Farrakhan urged Detroit’s pastors and majority black population Friday to join him in an effort to buy neglected properties and take other steps to help revitalize the struggling city where the movement started more than 80 years ago. The fiery orator offered few specifics in a speech […]

U.S to cancel diversity visa lottery, Africans stand to lose

U.S To Cancel Visa Lottery, Africans Stand To Lose – View To See Reasons ~ NairaCareer.

Kofi Annan: Africa plundered by secret mining deals

Africa plundered. Tax avoidance, secret mining deals and financial transfers are depriving Africa of the benefits of its resources boom, ex-UN chief Kofi Annan has said. Source: BBC News  

Payday Loans cost jobs and lots of money

CNBC: Payday loans cost the U.S. economy nearly $1 billion and thousands of jobs in 2011, according to a report from the Insight Center for Community Economic Development. The study says that the burden of repaying the loans resulted in $774 million in lost consumer spending and 14,000 job losses. Bankruptcies related to payday loans […]

Stock index futures fall

(Reuters) – Stock index futures fell on Friday, a day after Wall Street scaled fresh heights, as investors awaited a round of economic data and quarterly results from major banks. The Dow and benchmark S&P 500 closed at record highs on Thursday, extending this year’s rally to a 13.4 percent gain for the Dow and […]