Fri05242013

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IMF head arrives in Nigeria for first Africa visit

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IMF head Christine Lagarde arrived in Nigeria on Sunday for her first visit to Africa as head of the fund, a spokesman said, with the trip also to take her to the neighbouring nation of Niger.

Zimbabwe raises $1.5 million to release impounded airplane

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Zimbabwe's government raised $1.5 million (1.2 million euro) to pay off the national airline's debt and have an impounded airplane released in London, the company chairman said on Thursday.

IMF praises Angola in approving $134.8 mln loan tranche

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The International Monetary Fund praised Angola's economic management Thursday, saying Africa's second-largest oil producer had improved oversight of its own revenues and the state oil company Sonangol.

Britain's Cameron ready to boost IMF funding

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British Prime Minister David Cameron said Thursday his country would consider boosting its funding to the International Monetary Fund, saying the "world is in crisis".

Britain to allow armed guards to defend ships from pirates

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British merchant ships travelling around the Horn of Africa will for the first time be able to carry armed guards to protect them from pirates, Prime Minister David Cameron announced Sunday.