Category: Money Talk

African Monetary Fund (AMF) Finally Created…Headquarters, Yaoundé

African Monetary Fund (AMF) Finally Created…Headquarters, Yaoundé

The African Union has finally and officially adopted the statutes of the African Monetary Fund (AMF) whose headquarter will be based in Yaoundé, Cameroon. The adoption took place at the end of the 23rd summit of African Heads of States and Governments in Malabo, Equatorial Guinea yesterday 28th of June 2014. This officially creates the […]

Dr. Dre is the World’s Highest Paid Musician for 2012

Dr. Dre is the World’s Highest Paid Musician for 2012

According to a just released list of World’s Highest-Paid Musicians by US based Forbes Magazine, the Rapper Andre Romelle Young popularly known by his stage name as Dr. Dre, comes at the top as the World’s Highest-Paid Musician of 2012 with a whopping $110 million in pretax earnings. Although Dr. Dre does not release so […]

Cameroon 2012 Budget to Benefit from High Global Oil Prices

Cameroon 2012 Budget to Benefit from High Global Oil Prices

“Cameroonian Economy Recovery Continues” “The recovery of the Cameroonian economy has continued following the 2008-09 global crisis, with economic growth estimated at 4.2 percent in 2011, and inflation contained below 3 percent”. …this was a declaration issued in a Press Release following an International Monetary Fund (IMF) mission, led by Mr. Mario de Zamaróczy visited […]

2010…The Year Africans Wielded Power on The World Scene Financially

2010…The Year Africans Wielded Power on The World Scene Financially

Looking at this title, it is possible to immediately conclude that it is true that 2010 is the year when Africans are speaking loudest on the world scene because of the very successful hosting of the 2010 FIFA world Cup in South Africa. Yes the FIFA World Cup has giving Africa a bigger voice and […]

Are Black Africans Making more Money than African Americans?

Are Black Africans Making more Money than African Americans?

African Businessmen far Richer than African Americans Collectively Black Americans are the richest blacks in the world. There are more African Americans in sports, music and entertainment, politics, business, and movies who are very wealthy. But looking at them individually, only two Black Americans in 2010 can claim a nine-figure income (Billions of dollars). Interestingly, […]

Dr. Mo Ibrahim: …Africa’s Most Influential Person

Dr. Mo Ibrahim: …Africa’s Most Influential Person

Of all the millionaires and billionaires in Africa and beyond, absolutely no one has been more bold, selfless, determined, passionate and practical in trying to help Africa by influencing what millions agree has been Africa’s No.1 stumbling block to development and progress…dictatorships and bad governments, like Dr. Mo Ibrahim. When talk has not helped, cries […]

The “Bling-Bling” culture…a sick lifestyle?

The “Bling-Bling” culture…a sick lifestyle?

Why Africans shouldn’t copy the extravagant lifestyle of African American Rappers. Bling-Bling (or simply bling) is a slang term that refers to flashy or elaborate jewelry and ornamented accessories that are carried, worn or installed, such as cell phones, massive neck chains, watches, logos, rings, tooth caps etc. The concept is popularized in hip hop […]